Dell Logo 150x150 Dell Fights Hewlett Packard For 3ParHewlett-Packard has offered a counter bid of $1.6 billion for 3Par, surpassing Dell’s original bid of $1.3 billion. It’s expected Dell will put in a counter offer but no-one knows how high they will go.

3Par is a data storage firm that provides high-end storages systems to customers. This technology allows companies to reduce costs and manage their networks more efficiently.

Dell has made it clear that the acquisition of 3Par is a key component of their business plans moving forward. “They offered a compelling case for the value of the asset and its intention to broaden and invest in that business, and not to get it leaves them a bit in the lurch. There are alternatives out there, but nothing that fits this particular slot, and that’s why I expect them to rebid,” said Richard Kugele, analyst at Needham & Co.

3Par shares have soared since the bidding began and were up another 3.6% yesterday. Dell shares fell 3% and HP shares closed down 1.7%

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