Once again, Hewlett-Packard Co. has turned to an outsider, naming Leo Apotheker as president and CEO and former Oracle President Ray Lane as non-executive chairman.
Hewlett Packard Co. is buying ArcSight Inc., a security and compliance management company, for $43.50 per share, or an enterprise value of $1.5 billion, HP announced today.
Oracle CEO Larry Ellison has joined the escalating war of words between Hewlett-Packard Corp. and Oracle over the future employment status of HP’s former chairman and CEO, Mark Hurd.
Oracle has hired former Hewlett-Packard CEO Mark Hurd as co-president.
Former Hewlett-Packard Co. CEO Mark Hurd’s new job at rival Oracle Corp. hit a legal snag when HP filed suit to stop the appointment just one day after Hurd’s new position was announced.
After a seesaw battle of competing bids, Hewlett-Packard Co. outbid Dell Corp. for 3PAR Inc. They have entered into a definitive agreement under which HP will purchase 3PAR, a leading global provider of utility storage, through a cash tender offer of $33 per share in cash, or an enterprise value of $2.35 billion.
After Dell on Thursday increased its offer to $27 a share, Hewlett-Packard Co. has again upped the ante, agreeing to pay $30 a share, or $2 billion, for the Freemont, Calif., company.
Dell announced today that it has raised its bid to buy 3Par to $24.30 a share, or slightly more than the $1.6 billion that Hewlett-Packard Co. offered earlier this week to counter Dell’s initial offer of $18 a share, or $1.2 billion.
Hewlett-Packard Co. will bring Alabama’s state medical system in line with the requirements of the Health Insurance Portability and Accountability Act under an eight-year, $135 million technology services contract.
On Aug. 16, Dell announced an agreement to acquire 3PAR Inc. in a $1.15 billion deal. A week later, HP says it has submitted a proposal to buy 3PAR for $1.6 billion.
Hewlett Packard Corp. is taking another step into the services arena by buying Fortify Software, a privately held software security assurance company in San Mateo, Calif. Terms of the deal were not disclosed.
Harris Corp. has hired Murray Sewell II as its vice president of business development for the company’s intelligence and civilian clients of its information technology services business.