3PAR Determines HP Proposal Is Superior Offer
3PAR® (NYSE: PAR), the leading global provider of utility storage, today announced its board of directors has determined that the unsolicited proposal by Hewlett-Packard Company to acquire all of 3PAR's outstanding common stock at $30 per share constitutes a "superior proposal" (as that term is defined in 3PAR's previously announced merger agreement with Dell). The 3PAR board of directors notified Dell of its intention to terminate the merger agreement with Dell, immediately following the expiration of the three business day period contemplated by, and the satisfaction of the other conditions set forth in, the merger agreement with Dell, in order to enter into the merger agreement with HP on the terms set forth in HP's acquisition proposal.
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Top 30 Cloud Service Providers Gaining Mind Share in 3Q 2010
It has certainly been an exciting week in the Cloudsphere with Dell and HP battling it out over 3PAR. It?s clear who is on Dell and HP?s radar, and I?m looking forward to seeing the rest of 2010 Cloud acquisitions as the segment continues to consolidate. Its been almost 2 quarters since the last report, though the BTC Logic team has done an excellent job in their Top Ten Cloud Companies in 2Q10 Report to pick up the slack. CRN released The 100 Coolest Cloud Computing Vendors list joining the The Top 150 Players in Cloud Computing, 85 Cloud Computing Vendors Shaping the Emerging Cloud, 50 of The Biggest and Best Cloud Computing Companies, The VAR Guy?s SaaS 20 Index, and even Congress has gotten into the Cloud game ? Congress Holds Hearing on Cloud Computing. The list below is a subjective impression of Cloud Service Providers (SaaS, PaaS, IaaS) on my cloud computing radar, and beginning with this report, large industry players will be included as it is very clear now that they are paying close attention to the segment. Just take a look at some of these moves by the giants of IT to position their portfolios for Cloud computing and the current Dell / HP battle for 3PAR.
3PAR Prefers HP ? For the Moment
Late Friday night when sensible people on the East Coast were either in bed or in their cups, 3PAR's board sent out a message saying it had decided that HP's offer Friday of $30 a share was "superior" to the $27 bid 3PAR had accepted from Dell early Friday morning. It said that it had notified Dell that it intends to terminate their merger agreement in three business days. That's 3PAR's way of telling Dell, which has the right to match HP's 30 bucks and take precedence, to put up or shut up.
Why Didn?t I Start Salesforce.com?
Between 1991 and 1994 I worked for the French company Rhône-Poulenc in its U.S. headquarters in Cranbury, New Jersey. Rhône-Poulenc is the biggest French company in the world and is owned by the French government. During those three years I designed, coded and delivered a state-of-the-art salesforce automation system for the company, with a support team of five. We spent roughly $2 million on hardware but the company saved an estimated $11 million in outside consulting fees. The best bid for the job would take roughly five years to complete and would have been inferior to what we developed. And it probably would never have made it out in five years anyway. With a five-year project, requirements change, and if the requirements remain the same then the people change. So a consulting company awarded such a contract gets paid but doesn't necessarily need to deliver the goods. The basic rule of a consulting business is to get the contract, you think about delivery later on. If you don't get the contract, you don't have a project to think about. My view of consultants is that most of them are like castrated bulls, all they can do is advice.