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.”
Network-attached storage (NAS) is more familiar to IT departments than consumers, but the benefits can be enjoyed in the home if providers can explain the concept better to individual users.
In the latest Personal Technology column in the FT’s Business Life section, we look at the efforts of Dane-Elec with its MyDitto device, which it claims is the world’s first true “plug and play” home server.
Intel and Nokia have announced the University of Oulu in Finland, which has expertise in 3D interfaces, will be the home of their first joint research lab.
The news is an indication of progress on software in the partnership announced in June last year between the biggest chipmaker and handset maker, but there remains no evidence yet of the exciting new hardware that was promised.
Since Apple bought Quattro Wireless last year, it has continued to offer that company’s services placing banner advertisements on smartphones even as it ramped up work on iAds, the fancier iPhone-only marketing with interaction and video.
No more. The former Quattro CEO who is now an Apple VP, Andy Miller, told customers this week that Quattro will stop taking new orders at the end of September and devote all its attention to iAds.
Hewlett-Packard will bring out a tablet-style computer running Windows after all.
That was the word today from HP’s third-quarter earnings call, which should reverse speculation around the time of HP’s Palm acquisition–and its accompanying enthusiasm for Palm’s WebOS mobile operating system–that the company was killing the Windows slate.
“You’ll see us with a Microsoft product out in the near future and a WebOS-based product out in 2011″, said HP personal computer division head Todd Bradley.
If you’ve been having trouble keeping up with Angelina, Brad and Jen on your iPad, then today is a day for rejoicing. People magazine has launched its iPad app, and its Sandra Bullock cover story (“The sexy single mom happily moves on – as ex Jesse James is spotted in Vegas with another woman,” etc.) looks very slick on it, too.
Why does this matter? First, consumer magazines don’t come bigger than People, so this will be a big test of the theory that tablet devices, with their page-flicking qualities and glossy rendering of images, hold particular promise for magazines.
But Rich Greenfield at BTIG Research has spotted something equally significant: existing print subscribers to the Time Inc-owned publication will be able to access People on the iPad for no extra cost.
A year after Yahoo and Microsoft finally agreed to combine their search efforts, the result is showing up.
Starting this week, natural searches on Yahoo from the US and Canada will begin being “powered” by Bing, the Microsoft search engine. Paid search results are still on track to be delivered by Microsoft this autumn, Yahoo executives said Tuesday, unless quality issues force a delay past the winter holidays.
Most users won’t be able to tell the difference, but the relevance should be better, said Yahoo vice president Shashi Seth.
From John Gapper’s Business Blog
As the ousting of Mark Hurd as chief executive of Hewlett-Packard starts to fade from the headlines, one aspect of it lingers in my mind – the Google search.