September 2, 2010
# The Bidding: HP and Dell Fight for 3Par
There is a fight this week, and the fight is the bidding: the two weeks in which Dell and Hewlett-Packard chased the storage maker 3PAR, the offers that crossed in the night, the price that more than doubled, the $33 per share that HP agreed to pay on Thursday, the $2.35 billion that won the prize. The fight is the first great bidding war of the cloud era, and the war is the signal: storage and the datacenter were strategic, the cash-rich technology companies were spending again, the crisis hangover was over. The bidding war is the September 2010 story, and the story is the lesson: the storage maker that became the prize, the commodity hardware that the buyers were trying to escape, the two weeks that changed the price of the datacenter.
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