NEW YORK (
) - Investors were treated to yet more twists in
On Friday, before market open, Dell announced that 3Par had
, or $1.8 billion. Hot on the heels of Dell's announcement, however, HP upped the ante ,
, for a total purchase price of almost $1.9 billion. Don't be surprised if this one runs for some time, spelling further good news for 3Par investors.
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3Par's stock surged almost 80% this week in response to HP and Dell's brinksmanship, which has also
In other M&A news,
, which was one of
Wall Street Journal
reported on Thursday that
, causing the company's stock price to rise almost 30%. Citing people familiar with the matter, the Journal reported that potential buyers, including
, could pay up to $1.5 billion for the company.
are also possible purchasers, it added.
, which announced plans to buy
for $7.7 billion last week, was also in the news on Friday. Citing weaker-than-expected demand for consumer PCs
The chip giant said in a press release that it now expects third-quarter revenue to be $11 billion, plus or minus $200 million, compared with the previous expectation of between $11.2 billion and $12 billion.
Investors, however, largely shrugged off Intel's announcement. The company's shares briefly dipped into negative territory but closed up 19 cents, or 1.05%, at $18.37.
Late Friday it was also revealed that
on behalf of his now defunct firm
The list of companies targeted by the suit include Apple,
. The lawsuit, filed in U.S. District Court, Seattle, targets ecommerce and search technology that Interval says it developed and intends to defend.
In gadget news, the smartphone market saw the arrival of a new player this week, with
. The Android device, however, is late to the smartphone party, and faces stiff competition from
Research In Motion
The empire of the fruit takes center stage next week. Apple will host an iPod event in San Francisco on Wednesday amid
heavy speculation that an Apple TV announcement is imminent.
will also be busy in San Francisco next week, with the virtualization trailblazer
hosting its annual VMworld event in the city.
ArcSight is also on deck next week. The software maker reports its first-quarter results after market close on Thursday.
--Written by James Rogers in New York.
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