September 2, 2010
Dell Says, "Thanks, but No Thanks."
HP’s $33-a-share offer values 3Par at 325 times the company’s earnings before interest, taxes, depreciation and amortization during the past year. In 21 computer-services deals in the past five years, acquirers paid a median 16 times trailing Ebitda, according to Bloomberg data.
Believe me, there's no way they are popping Champagne corks over at HP's Palo Alto headquarters.
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