HP may have topped Dell in the bidding war for 3Par, but today’s Lex note argues, “HP may trump its rival– but to do so it has put a valuation on 3Par that is, frankly, bonkers.”
Lex writes, “Trouble is, 3Par has not made an operating profit in five years. Fixed assets at the end of last year were worth just $58m. On sales of $235m in the year to March 2011, analysts expect 3Par to generate $21m of earnings before interest, tax, depreciation and amortisation. HP intends to pay almost 80 times those profits.” Read more





Back in February we reported on a truly unsavoury story of compromised privacy in the digital age. School administrators outside Philadelphia had issued new laptops to 1,800 students, then
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