DJIA fluctuates as Hewlett-Packard Company (NYSE: HPQ) and Dell Inc. (NASDAQ: DELL) clash

Hewlett-Packard Company is waging war with Dell Inc.

In brief: Hewlett-Packard Company (NYSE: HPQ) offer for 3PAR exceeded that of Dell Inc. (NASDAQ: DELL) by one-third. Dow index starts trading in swinging mode.

Hewlett-Packard Company (NYSE: HPQ) and Dell Inc. (NASDAQ: DELL) remain flat. Today it was announced that Hewlett-Packard Company and Dell Inc. began a large-scale war for 3PAR, the manufacturer of data storage solutions.

The PC maker Hewlett-Packard made a proposal to acquire 3PAR for $ 1.6 billion, which exceeds Dell’s offer. Thus, HP may pay $ 24 in cash per each 3PAR share, which is 33% more than the $ 18 per share, as offered by Dell. Nonetheless, the experts say that Dell may still win the battle.

Anrey Torbinski
2010-08-23 13:38, Economics.

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