By Sell Puts
Nothing like a good bidding war to start out the week. Cyber Mondays are back. Mark Hurd is missing out on all the fun, perhaps he was the one holding back the acquisition? HP out bid Dell for 3PAR by the tune of 200mil, or 24$ per share.
(AP Writes)"Hewlett-Packard Co. offered $1.5 billion on Monday for 3Par Inc., a company whose data-storage machines are designed for "cloud computing," or delivering services over the Internet. HP's rival, Dell Inc., last week offered about $400 million less for 3Par, and many analysts and investors expect Dell to make a sweeter counteroffer."
