Fiber Optic Telecommunications Networks: 3PAR bidding war: Are Dell and HP crazy?

James F. Booth

For more than 25 years, James Booth has provided consulting and legal services to telecommunications carriers and to enterprise companies that manage their own telecommunications networks. Since June of 2009 he has also served as General Counsel of Spread Networks, LLC, which is the industry leader in the construction and operation of low latency high speed networks. Before joining Spread he was General Counsel for OnFiber Communications, a competitive telecommunications provider, and was the sole attorney for Qwest Communications International in support of its construction of an 18,800 mile fiber optic network spanning the United States. Earlier he was lead counsel for U S WEST in its wireless and cable television ventures in the United States, Europe and Hong Kong.

Sunday, August 29, 2010

3PAR bidding war: Are Dell and HP crazy?

Hewlett-Packard and Dell's intense bidding war for the little-known 3PAR is starting to look a little nuts. HP's latest offer of $30 a share for the storage company represents a 211% premium over the value of 3PAR's stock before the bidding war between Dell and HP began. Saturday, 3PAR's board said it had determined that HP's unsolicited bid is the "superior" offer and planned to terminate its merger agreement with Dell.