Tech titans are battling to pay big bucks for once bland computing firms. Two questions: Are they worth it? And who's next?
When tech titans HP (HPQ) and Dell (DELL) became entangled in a furious back-and-forth bidding war over 3PAR (PAR), they unwittingly introduced much of the public to a decidedly-unsexy area of tech that is becoming indispensable in our increasingly smartphone'd, tabletized, app-driven world : cloud computing.
In fact, HP's $2.4 billion acquisition of the data storage company was just one in a recent spate of acquisitions. Four smaller cloud-related companies have also recently been scooped up by the big boys.
Last month, virtualization software-maker VMware (VMW) announced it would buy Integrien, a provider of network analysis, and TriCipher, a security software developer, for undisclosed amounts. Around the same time, Citrix Systems (CTXS) also bought VMLogix for its cloud management technology and Red Bend Software Inc. snagged VirtualLogix, which allows Intel and ARM-based mobile devices to run multiple operating systems on a virtual machine. (Again, terms were not disclosed.) More
A round-up of the companies, deals, and trends that made headlines.
Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We've assembled the morning's most newsworthy bits below.Facebook founder and CEO Mark Zuckerberg granted The New Yorker unprecedented access for a profile in the latest issue. Among the revelations: Zuckerberg has 879 Facebook friends, MORE JP Mangalindan, Writer - Sep 14, 2010 8:20 AM ET
Less than a month after Mark Hurd's abrupt departure as CEO, HP is making headlines with a takeover battle and a buyback plan. How the company can continue business as usual without a leader.
The news jarred in the dog days of summer: A seemingly leaderless Hewlett-Packard (HPQ) counterbids for a company nobody's ever heard of that competitor Dell (DELL) already has agreed to buy. HP's offer for 3Par (PAR) MOREAdam Lashinsky, Sr. Editor at Large - Aug 31, 2010 1:42 PM ET
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