HP tries big buyback to quell investor discontent

August 30, 2010

Sometimes an ounce of prevention is worth a pound of cure. Case in point: Hewlett-Packard. Like many tech concerns, it is sitting on a large cash pile. But the company's bidding war with Dell for control of 3PAR raises fears it may squander its $15 billion hoard on overpriced baubles. Promising to repurchase $10 billion of stock soothes investors. Refraining from such battles would be more effective.

3PAR battle is case of undisciplined cash vs. cash

August 27, 2010

Consumers may still be deleveraging, but at big corporations it's liquidity galore. How else to explain the curious case of the bidding war over 3PAR , a data storage company coveted by Dell and Hewlett-Packard ? There's no sound mathematical rationale for the 3PAR frenzy, which has now reached $2 billion with HP's third counter-offer to Dell.

HP’s deal mojo unrestrained by l’affaire Hurd

August 23, 2010

Mark Hurd, the Hewlett-Packard chief executive, turned out to be a man of hearty appetites -- including for deals. Before leaving HP earlier this month under a cloud, Hurd spearheaded an M&A tear that included the purchases of 3Com, Palm, and EDS. But any bankers worried that the tech group's appetite for deals might wane after Hurd's departure can breathe easier.