[August 26, 2010] HP Continues Battle With Dell Over 3Par, Raises Bid to $27 per Share (HPQ,DELL,PAR) Tweet Aug 26, 2010 (SmarTrend News Watch via COMTEX) -- In the latest move among computer heavyweights, Hewlett Packard (NYSE:HPQ) has just raised its bid for 3Par (NYSE:PAR) to $27 per share in cash. That is up from HP's original offer of $24 and above Dell (NASDAQ:DELL) recently revised bid of $24.30, which was accepted by 3Par's board of directors this morning. Clearly, 3Par's board will have some additional work to do this evening and consider the extra $2.70 in cash per share. 3Par shares are trading at $27.52, above HP's offer in a sign that some investors do not believe this ping-pong match is over. SmarTrend alerted subscribers to take profits in Hewlett-Packard on August 09, 2010 at $43.14, since then the stock fell 11.4%. We are now watching for any positive developments that could result in a new uptrend signal. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup [ Back To TMCnet.com's Homepage ]