HP Ups Offer for 3PAR Inc. Thursday, August 26, 4:11 PM ET, by Market News Video Staff HP (HPQ) today announced that it has increased its proposal to acquire all of the ...
Intel Warns On 3Q Sales Friday, August 27, 10:59 AM ET, by Market News Video Staff Intel (INTC) warned on Friday that sales for the current quarter could come in lighter ...
HP's Revised Bid Weighs on IYW Friday, August 27, 11:09 AM ET, by Market News Video Staff Before the markets opened on Friday, Hewlett Packard announced that it had raised its bid ...
HP To Repurchase More Stock Monday, August 30, 1:02 PM ET, by Market News Video Staff On Monday morning, Hewlett Packard (HPQ) announced its Board of Directors had authorized the repurchasing ...
By Market News Video Staff, Friday, August 27, 11:09 AM ET
Before the markets opened on Friday, Hewlett Packard announced that it had raised its bid for 3PAR (NYSE:PAR) to $30 per share, trumping the bid of Dell (NASDAQ:DELL). As part of Dell's original buyout agreement, it will have the opportunity to match HP's offer, but with the current price 67% higher than Dell's original price, it will be interesting to see what Dell's Board of Directors decides to do.
With HP freely spending to acquire 3PAR, investors are acting cautiously today, with Hewlett Packard's stock down over 1% and the general markets higher. HP's stock price is weighing on the iShares Dow Jones U.S. Technology Sector Index Fund (AMEX:IYW), as the fund holds nearly $50 million worth of HPQ. On the day, IYW is close to even as the overall markets charge ahead.
This Article's Word Cloud:AMEXBeforeBoardDELLDellDirectorsFridayFundHewlettJonesPackardTechnologyWithactingagreementaheadannouncedclosecurrentevenfreelyfundgeneralhavehigherholdsiSharesinterestinginvestorsmarketsmatchmillionnearlyofferopenedopportunityoriginaloveroverallpartpriceraisedspendingstockthanthattodayweighingwillwith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
Analyst Moves: LRCX, GNW
Daily Dividend Report: KIM, UNH, AVP, BIP, XL
Daily Dividend Report: NOC, APC, BRCM, PPL, MTB, ACE
Analyst Moves: ARO, HCA
Weekly Market Wrap: May 11, 2012
Analyst Moves: LRCX, GNW
