HP mixing R&D and M&A for innovation: COO Bill Veghte
HP is focused on growing its core businesses as the company works to right its ship, according to HP chief operating officer Bill Veghte.
HP is focused on growing its core businesses as the company works to right its ship, according to HP chief operating officer Bill Veghte.
HP won’t let go of old storage technologies as it tries to transition customers to new ones, according to company officials at the HP World Tour in Beijing.
During HP’s Discover event in Frankfurt, Germany, new products in the vendor’s Converged Storage portfolio were announced.
Dell has agreed to buy virtualized storage vendor Compellent Technologies in an all-cash deal worth US$27.75 per share, a little more than the $27.50 per share price tag it was discussing with the company last week, but still lower than the stock's Monday-morning opening price of $28.30.
After losing a drawn-out bidding war to Hewlett-Packard to acquire storage vendor 3Par earlier this year, Dell re-opened its coffers in a bid to acquire Compellent Technologies, hoping the company will be the answer to its midrange storage area network (SAN) needs.
Dell said Thursday it is in advanced talks with storage vendor Compellent Technologies regarding a merger that would call for Dell to pay US$27.50 per share, or roughly $876 million, for the company.
HP has completed its $2.35 billion merger with 3Par, just weeks after thwarting rival Dell in a bidding war for the storage vendor, HP announced Monday.
HP has completed its $2.35 billion merger with 3Par, just weeks after thwarting rival Dell in a bidding war for the storage vendor, HP announced Monday.
Hewlett-Packard swooped in with the better bid to overtake Dell and win 3Par, so now we can all sit back and wait for the next acquisition battle to roll around. Meanwhile, Apple debuted updated iPods and Apple TV to entertain us, among other IT news stories of the week.
The market for enterprise disk storage systems grew strongly in the second quarter, continuing to recover from a slump brought on by the economic slowdown of 2008 and 2009, research company IDC said on Friday.
Hewlett-Packard and 3Par have signed a definitive agreement for HP to buy the California storage vendor for US$2.35 billion, the companies said Thursday.
Dell on Thursday said it would not increase its most recent proposal to acquire virtualized storage vendor 3Par, paving the path for rival Hewlett-Packard to acquire the company.
3Par, which is already the subject of a bidding war between Hewlett-Packard and Dell, is now among a group of companies being sued by Crossroads Systems for patent infringement.
With the bidding war between HP and Dell over storage virtualisation vendor 3PAR heating up <i>Computerworld Australia</i> turns to industry experts for the lowdown on what the deal means for the storage market, HP and Dell.
Dell believes an acquisition of high-end storage vendor 3Par would help it gain a foothold in large enterprises moving toward cloud computing, but it doesn't think Hewlett-Packard would necessarily steal away customers if it buys 3Par instead.