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Dell (DELL) market capitalization is 128th largest in the USA at $24.48B with last 12 months sales of $52.98B. 3PAR (PAR) has a market capitalization of $2.07B and a negative earnings per share. By comparison, Hewlett-Packard market capitalization is 28th largest in USA at $94.17B and last 12 months sales were $$114.55B. The largest two companies in USA by market capitalization are #1 Exxon ($312.23B) and #2 Apple ($236.40B). Michael S. Dell is Chairman of the Board and Chief Executive Officer.
They Just Don't Get Dell! - Dell Withdraws from 3PAR Bidding War with Hewlett-Packard
Dell ends the bidding war with Hewlett-Packard (HPQ) over the acquisition of 3PAR Inc. (PAR). Hewlett-Packard is paying $33 a share for 3PAR, or $2.35 billion, which is well above Dell’s initial bid of $18 a share.
Whether 3PAR is actually worth what Hewlett-Packard is paying is questionable, but the bidding war did appear to be ego- and pride-driven. Dave Johnson, Dell Senior Vice President for Corporate Strategy said, ""We took a measured approach throughout the process and have decided to end these discussions." Marek Fuchs below questions that there was a Dell "measured approach" to the bidding war.
Related Article
H-P raises 3Par offers to $33 a share; Dell withdraws MarketWatch
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