HP and 3PAR Inc. today announced that they have entered into a definitive agreement under which HP will purchase 3PAR, a leading global provider of utility storage, through a cash tender offer of $33 per share in cash, or an enterprise value of $2.35 billion. The transaction has been approved by the boards of directors of both companies.
HP Enterprise Services today announced a new storage management capability that helps clients better organize and manage the explosion of digitized data to gain superior control of their information while improving asset utilization.
HP today announced that it has entered into a joint development agreement with Hynix Semiconductor Inc., a world-leading memory supplier, to bring memristor, a new circuit element first intentionally demonstrated in HP Labs, to market in future memory products.
HP today announced the expansion of the ColorLok® paper standard with new benefits for commodity-grade office papers for laser printing and a broad recommendation that customers use ColorLok papers with HP LaserJet printers to ensure quality and reliability.
Today at VMworld 2010, VMware and HP announced an agreement to deliver a new virtualization solution, reference architectures and IT services to help customers accelerate cloud computing deployment and IT as a service.
The HP board of directors has approved the authorization of an additional $10 billion for share repurchases. HP intends to use the additional authorization as part of its ongoing program to manage the dilution created by shares issued under employee stock plans and to repurchase shares opportunistically.
