The bidding contest between computer makers Hewlett-Packard and Dell for the data storage company 3Par is heating up. Even before Dell could make its latest offer public, HP has come back with a higher bid.

After Dell Inc. raised its offer to $32 per share from $27, Hewlett-Packard Co. raised its own bid to $33 from $30. The latest bid comes to $2.07 billion.

In a statement Thursday, 3Par said HP’s offer is superior. It is giving Dell another three business days to come back with another bid.

Dell made its first offer for 3Par on Aug. 16. Both PC makers are looking at 3Par as a way to build up their “cloud computing” businesses, delivering software, data storage and other services to customers via the Internet. 3Par could also help them cut data storage expenses.


Leave a Reply

Please log in using one of these methods to post your comment:

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s