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HP3-L04 | Selling HP 3PAR Storage

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Exam Number HP3-L04
Exam Name Selling HP 3PAR Storage
Questions 31 Q & A
Recent Update October 17, 2018
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HP3-L04 exam Dumps Source : Selling HP 3PAR Storage

Test Code : HP3-L04
Test Name : Selling HP 3PAR Storage
Vendor Name : HP
Q&A : 31 Real Questions

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HP Selling HP 3PAR Storage

HP’s 3Par storage more suitable elements redefine the storage platform | killexams.com Real Questions and Pass4sure dumps

No influence found, are attempting new key phrase!The international information supplier (or IDC) expects the market for all-flash storage arrays to develop at a compound annual growth price (or CAGR) of 59% during 2012–2016. It can be price $1.6 billion by way of ...

Dell cedes information-storage maker 3Par to HP | killexams.com Real Questions and Pass4sure dumps

during this file picture taken Feb. 16, 2010, the outside of Hewlett Packard headquarters is shown in Palo Alto, Calif. The bidding is heating up between computer makers Hewlett-Packard Co. and Dell Inc. for the facts storage business 3Par Inc., Thursday, Sept. 2, 2010. Even before Dell could make its latest offer public, HP has come returned with a far better bid. (AP picture/Paul Sakuma, file) (AP) -- Dell Inc. is jogging far from a bidding contest with rival Hewlett-Packard Co. for data-storage maker 3Par Inc.

Dell talked about Thursday it might not suit HP's offer to pay $33 per share for 3Par, or about $2.07 billion. Dell's determination got here barely an hour after 3Par introduced it had got Dell's revised present of $32 per share after which the even superior bid from HP.

In a press release, 3Par spoke of Dell's revised offer contained new terms that it found unacceptable, together with a multiyear reseller agreement with Dell that might remain in impact however 3Par had been to be bought with the aid of an extra enterprise.

The board of 3Par deemed HP's present superior. it's 83 percent above Dell's first present and more than thrice what 3Par inventory turned into trading at then.

"We took a measured strategy right through the system and have decided to conclusion these discussions," talked about Dave Johnson, Dell's senior vp for corporate approach.

Shares of 3Par elevated seventy four cents, or 2.three %, to $32.82 in morning buying and selling Thursday. before Dell conceded, 3Par shares have been trading as excessive as $33.84 as traders expected Dell to fit or beat HP's $33-per-share offer.

Dell shares jumped 15 cents, or 1.3 percent, to $12.29, while shares of HP, which is based mostly in Palo Alto, Calif., extended 21 cents, or 0.5 %, to $39.forty two.

Dell, which is based mostly in round Rock, Texas, made the primary present for 3Par on Aug. sixteen, at $18 per share. As part of an agreement between both companies, Fremont, Calif.-primarily based 3Par must pay Dell a $seventy two million termination payment.

HP and Dell, two of the realm's greatest very own computing device makers, had been looking at 3Par as a way to build up their statistics center and "cloud computing" businesses, supplying software, records storage and different capabilities to clients over the information superhighway.

both companies are racing to expand past the computing device enterprise, the place gains are shrinking. computing device makers had been slashing costs to reside aggressive, while the charge of lcd screens, memory and other constituents has expanded.

The hardware and consulting services that Dell, HP and others sell to huge organisations come with richer profits; now, expertise suppliers see cloud computing as the next enviornment of huge growth and sweeter earnings.

more and more, businesses don't seem to be buying their own computing device servers for certain initiatives anymore. as a substitute, they may be paying to have utility they would have kept on these machines dropped at them over the internet.

Dell, HP and others are taking expertise of the nascent trend with the aid of offering cloud-computing services on a subscription basis and selling machine and software to aid purchasers construct their personal cloud techniques.

Cloud computing can assist reduce information-middle expenses since the systems are designed to be shared by way of multiple valued clientele, which spreads out the can charge of operating expensive machine. The servers and storage computers should ramp up or reduce rapidly in accordance with demand to supply all the purchasers the same high level of carrier. Storage machines from 3Par are made for that type of equipment.

Analysts were divided on no matter if buying 3Par turned into a make-or-destroy flow for both Dell or HP. HP has its own line of high-conclusion storage appliances comparable to what 3Par may deliver, whereas Dell resells expertise from statistics-storage chief EMC Corp.

Shaw Wu, a Kaufman Bros. analyst, wondered the extent to which Dell or HP would improvement in the close time period from buying 3Par. In a contemporary interview, Wu likened the bidding for 3Par with the contest final 12 months between EMC and rival NetApp Inc. for an organization called data domain. EMC finally received.

"One could argue, has it definitely transformed EMC? no longer definitely," Wu observed. "Has not buying - has it harm NetApp? now not truly."

but Forrester research analyst Andrew Reichman took the opposing stance.

"I believe that during this acquisition, both HP and Dell can't come up with the money for to lose," talked about Reichman.

The analyst observed he would not agree with there's one more similar company that Dell may purchase to circular out its product line.

HP's personal technology is also growing old, Reichman said. He observed that if HP misplaced after being inclined to pay so tons for 3Par, it might have had a tough time convincing purchasers that its current line of storage equipment turned into satisfactory.

explore additional: 3Par calls HP $30 bid 'advanced'; Dell mulls reply

©2010 The associated Press. All rights reserved. This fabric may also no longer be published, broadcast, rewritten or redistributed.


HP to acquire 3PAR | killexams.com Real Questions and Pass4sure dumps

PALO ALTO, Calif. & FREMONT, Calif.--(company WIRE)--HP (NYSE:HPQ) and 3PAR Inc. these days introduced that they have entered right into a definitive contract beneath which HP will purchase 3PAR, a leading international provider of utility storage, via a money gentle present of $33 per share in cash, or an enterprise price of $2.35 billion. The transaction has been permitted by the boards of administrators of both agencies.

Combining 3PAR’s main-part utility storage products with HP’s existing storage solutions will make stronger HP’s unparalleled storage, server and networking portfolio. 3PAR will accelerate HP’s enormously a success Converged Infrastructure approach by using using boom in the speedy-growing to be digital records center and cloud computing markets. HP’s global presence, dedication to innovation and confirmed music listing of integrating acquisitions will supply increase opportunities for 3PAR going forward.

“HP and 3PAR is a profitable aggregate which will accelerate HP’s Converged Infrastructure method and bolster our skill to provide clients with the business’s highest levels of efficiency, effectivity and reliability,” said Dave Donatelli, executive vp and generic manager, business Servers, Storage and Networking, HP. “We intend to invest in 3PAR’s expertise to create long-term cost for our stakeholders.”

“As part of HP, 3PAR’s agile, productive storage solutions will in fact thrive, mainly given HP’s capability to accelerate funding in our products and attain new purchasers worldwide,” mentioned David Scott, president and chief govt officer, 3PAR. “3PAR has developed a recognition for supplying enterprises and cloud computing carrier suppliers the means to do more with less. HP’s international attain, mighty routes to market and our shared culture of innovation will enable much more companies to experience the transformative price of 3PAR’s know-how.”

3PAR also introduced that it has terminated its merger agreement with Dell Inc. and paid Dell the $72 million termination payment required to be paid to Dell as a circumstance to terminating the merger contract.

HP’s cash soft present commenced on August 27, 2010 and it is scheduled to run out at 12:00 dead night, big apple city time on September 24, 2010, field to widespread delicate present conditions being satisfied. The closing closing of the acquisition is expected to happen by the conclusion of the calendar yr. HP also announced today the delight of the situations to its tender present regarding (1) the termination of 3PAR’s merger agreement with Dell and the execution of a definitive merger settlement with HP, and (2) the inapplicability of section 203 of the Delaware ordinary agency law to HP’s smooth offer and proposed merger with 3PAR.

About 3PAR

3PAR® (NYSE: PAR) is the main world company of utility storage, a category of extremely virtualized, dynamically tiered, multi-tenant storage arrays constructed for public and personal cloud computing. The business’s virtualized storage platform became constructed from the ground as much as be agile and efficient and to get rid of the barriers of average storage arrays for utility infrastructures. As a pioneer of skinny provisioning and different storage virtualization applied sciences, 3PAR designs its products to cut back power consumption to aid businesses meet their green computing initiatives and to cut storage total can charge of ownership. 3PAR valued clientele have used the business’s self-managing, efficient, and adaptable utility storage techniques to in the reduction of administration time and provisioning complexity, to improve server and storage utilization, and to scale and adapt flexibly in keeping with continual growth and changing business wants. For greater guidance, talk over with the 3PAR web site at www.3PAR.com.

About HP

HP creates new percentages for expertise to have a meaningful influence on people, agencies, governments and society. the realm’s biggest technology company, HP brings collectively a portfolio that spans printing, own computing, utility, features and IT infrastructure to clear up customer issues. greater suggestions about HP is accessible at http://www.hp.com.

THIS document IS FOR INFORMATIONAL purposes only and is not an offer TO purchase OR THE SOLICITATION OF a proposal TO sell ANY SECURITIES. THE SOLICITATION AND THE present TO purchase SHARES OF 3PAR ordinary stock is simply BEING MADE PURSUANT TO THE AMENDED AND RESTATED present TO purchase AND linked substances THAT HP AND RIO ACQUISITION organization FILED WITH THE SECURITIES AND trade commission (THE “SEC”) ON AUGUST 27, 2010 and will BE AMENDED TO reflect THE terms OF THE DEFINITIVE contract BETWEEN HP AND 3PAR. in addition, 3PAR WILL FILE A SOLICITATION/advice remark ON agenda 14D-9 WITH appreciate TO THE delicate present with the aid of HP AND RIO ACQUISITION corporation. 3PAR STOCKHOLDERS may still examine THESE substances AND ANY related AMENDMENTS cautiously as a result of THEY comprise important guidance, together with THE terms and prerequisites OF THE offer. 3PAR STOCKHOLDERS may additionally reap COPIES of these substances at no cost FROM THE SEC throughout the SEC’S website AT WWW.SEC.GOV. 3PAR STOCKHOLDERS additionally might also gain COPIES of these documents, without charge, FROM INNISFREE M&A integrated, THE tips AGENT FOR THE offer, AT (888) 750-5834 (TOLL-FREE FOR STOCKHOLDERS) OR (212) 750-5833 (compile FOR BANKS AND BROKERS).

forward-looking statements

This doc contains ahead-searching statements that involve hazards, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the consequences of HP and its consolidated subsidiaries could fluctuate materially from these expressed or implied by using such ahead-looking statements and assumptions. All statements other than statements of historical fact are statements that can be deemed forward-searching statements, together with statements concerning the expected terms of the proposed acquisition, the capacity to well timed comprehensive the proposed transaction given the numerous closing circumstances; the anticipated benefits and charges of the transaction; administration plans concerning the transaction; the anticipated timing of the completion of the transaction; any statements of the plans, options and targets of management for future operations, including the execution of integration plans; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. hazards, uncertainties and assumptions consist of that the transaction may also no longer be well timed accomplished, if in any respect, upon favorable phrases; the possibility that anticipated merits might also no longer materialize as anticipated; that, in advance of the completion of the transaction, the goal business’s enterprise may also now not perform as anticipated because of transaction-linked uncertainty or other elements; that HP is unable to successfully implement integration innovations; and different risks which are described in HP’s SEC reviews, together with however not limited to the hazards described in HP’s Annual document on form 10-k for its fiscal year ended October 31, 2009 and Quarterly document on form 10-Q for the fiscal quarter ended April 30, 2010. HP assumes no obligation and doesn't intend to replace these ahead-looking statements.

© 2010 Hewlett-Packard development company, L.P. The advice contained herein is field to exchange devoid of observe. HP shall now not be accountable for technical or editorial errors or omissions contained herein.




Killexams.com HP3-L04 Dumps and Real Questions

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HP3-L04 exam Dumps Source : Selling HP 3PAR Storage

Test Code : HP3-L04
Test Name : Selling HP 3PAR Storage
Vendor Name : HP
Q&A : 31 Real Questions

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Selling HP 3PAR Storage

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Behind The Bidding War: The Real Reasons Why HP And Dell are So Desperate For 3Par | killexams.com real questions and Pass4sure dumps

As I was writing this, news of the HP / Dell bidding war for 3PAR broke on the front page of Yahoo. This made me laugh, as it typified just how crazy this story has become—few things outside of a bidding war make a storage acquisition sexy enough for mainstream news.

At $30, HP’s current offer is the sixth bid, a 200 percent premium over 3PAR’s previous $10 share price. Not only is this insane, but it’s also nearly unprecedented in M&A history. And since 3PAR is trading above $32 the market thinks Dell will bid even higher.

First Off, Is 3PAR Really THAT Unique?

Yes and no.

3PAR is a classic disruption play, its value proposition based on the premise that unused storage is wasteful—often times just 10% to 25% of allocated disk space is actually used.

3PAR’s “thin provisioning” technology enables disk space to be allocated only when applications need capacity, greatly reducing IT management costs. Think of it as storage on a just-enough and just-in-time basis.

In the cloud era, pre-allocation of storage is especially wasteful, because on-demand storage and computing services delivered via the internet have wide variability and less deterministic usage patterns. This makes 3PAR a great fit for data centers, and it’s partly why the technology is suddenly perceived as very valuable.

Not surprisingly large storage vendors have been slow to adopt technologies like 3PAR’s for a simple reason: making storage more efficient ultimately means selling less gear and is essentially akin to committing commercial suicide.

EMC CEO Joe Tucci actually once went on record admitting as much saying “If I only have hardware and I just keep helping to make you more and more efficient at less and less cost, eventually I’m going to hit a wall and it’s going to be tough for me to make money.”

HP’s Vanishing R&D Budget and The Mark Hurd Effect

This classic “Innovator’s dilemma” definitely applies to HP. But something else has hamstrung its ability to innovate in high-end storage, a market HP has been a leader in for many years.

And it’s correlated to former CEO Mark Hurd’s recent firing. Word on the street is Hurd wasn’t let go for his affair or even for his embellishment of trivial expense reports. Instead the board kicked him out because his employee approval rating was absolutely atrocious.

And the reason employees hated him is because he traded short-run profits for long-term innovation by laying off entire design teams and killing HP’s R&D budget—take a look at this chart and compare HP to Cisco and IBM, both storage leaders.

In this way, I believe acquiring 3PAR is actually the beginning of a secular trend for HP in using M&A to “make good” on the company’s lack of organic innovation.

Yes that’s right, believe it or not, the real reason why HP’s board is obsessed with 3PAR is closely correlated to Hurd’s departure—divisions like HP’s storage group simply haven’t kept pace with peers. I used to sell to HP’s storage groups (as well as Dell and 3PAR) and have plenty of friends who tell me that projects have been canned and innovation has languished.

Dell is Desperate for Similar Reasons

Innovation within Dell is even more of an oxymoron. If you thought HP’s R&D allotment was low, compare it to Dell’s. Dell is not an engineering driven company. They are a system integrator desperate for growth outside of the personal computing market.

And storage consolidation threatens Dell for another reason. Storage has traditionally been like a cross selling catalog, with vendors filling in their product portfolios by OEM’ing equipment from others—Dell actually resells EMC’s high-end storage gear today. But these cross-sell deals are becoming more tenuous to defend as vendors build out more complete portfolios.

This is because cloud computing requires complex virtualized resource allocation, management and provisioning. Vendors are increasingly moving up the stack in providing services beyond hardware, which is all but a commodity.

Owning 3PAR would give Dell a chance to stay in the game and complement the low end storage solutions it acquired from EqualLogic in 2007. And the Dell board is prepared to break the bank since there is a scarcity of other good high end storage virtualization plays (Pillar Data and Compellent are two of the largest, but don’t have 3PAR’s traction).

Why HP Will Probably End Up with 3PAR

So there you have it. With its DNA as a system integrator, Dell doesn’t have a hope in hell of organically growing complex ASICs and software like 3PAR has, and is desperate to move up the food chain and stop reselling EMC’s portfolio. And the HP board is tacitly admitting it needs to rectify the fact that Mark Hurd sort of killed the “HP. Invent” culture. 3PAR would give HP several hundred R&D focused engineers and a talented ASIC team.

The interesting thing about this bidding war is that it conveys a larger lesson about why M&A often fails.

It’s easy to listen to investment bankers and overpay on acquisitions. But it’s much harder to actually handle post-merger integration. Dell is the perfect example. They have essentially no precedent for running an ASIC team, and would take a company like 3PAR that spent 25% of its revenue on R&D and eventually starve it.

3PAR is a better fit for HP, and in the end it’s likely that they will prevail. It sure seems that way anyway. HP’s board is set out to make up for lost time and right its innovation ship regardless of cost to shareholders. But the synergy premium for 3PAR will be enormous, and history suggests that deals with such a massive allocation of acquisition goodwill generally fail to pay for themselves.

_________________________

Contributor Steve Cheney is an entrepreneur and formerly an engineer & programmer specializing in web and mobile technologies.


Dell cedes data-storage maker 3Par to HP | killexams.com real questions and Pass4sure dumps

In this file photograph taken Feb. 16, 2010, the exterior of Hewlett Packard headquarters is shown in Palo Alto, Calif. The bidding is heating up between computer makers Hewlett-Packard Co. and Dell Inc. for the data storage company 3Par Inc., Thursday, Sept. 2, 2010. Even before Dell could make its latest offer public, HP has come back with a higher bid. (AP Photo/Paul Sakuma, file) (AP) -- Dell Inc. is walking away from a bidding contest with rival Hewlett-Packard Co. for data-storage maker 3Par Inc.

Dell said Thursday it won't match HP's offer to pay $33 per share for 3Par, or about $2.07 billion. Dell's decision came barely an hour after 3Par announced it had received Dell's revised offer of $32 per share and then the even stronger bid from HP.

In a statement, 3Par said Dell's revised offer contained new terms that it found unacceptable, including a multiyear reseller agreement with Dell that would remain in effect even if 3Par were to be bought by another company.

The board of 3Par deemed HP's offer superior. It's 83 percent above Dell's first offer and more than three times what 3Par stock was trading at then.

"We took a measured approach throughout the process and have decided to end these discussions," said Dave Johnson, Dell's senior vice president for corporate strategy.

Shares of 3Par increased 74 cents, or 2.3 percent, to $32.82 in morning trading Thursday. Before Dell conceded, 3Par shares were trading as high as $33.84 as investors expected Dell to match or beat HP's $33-per-share offer.

Dell shares jumped 15 cents, or 1.3 percent, to $12.29, while shares of HP, which is based in Palo Alto, Calif., increased 21 cents, or 0.5 percent, to $39.42.

Dell, which is based in Round Rock, Texas, made the first offer for 3Par on Aug. 16, at $18 per share. As part of an agreement between the two companies, Fremont, Calif.-based 3Par must pay Dell a $72 million termination fee.

HP and Dell, two of the world's largest personal computer makers, were looking at 3Par as a way to build up their data center and "cloud computing" businesses, delivering software, data storage and other services to customers over the Internet.

Both companies are racing to expand beyond the PC business, where profits are shrinking. Computer makers have been slashing prices to stay competitive, while the cost of LCD screens, memory and other parts has increased.

The hardware and consulting services that Dell, HP and others sell to big enterprises come with richer profits; now, technology providers see cloud computing as the next area of big growth and sweeter profits.

Increasingly, companies aren't buying their own computer servers for certain tasks anymore. Instead, they're paying to have software they would have stored on those machines delivered to them over the Internet.

Dell, HP and others are taking advantage of the nascent trend by offering cloud-computing services on a subscription basis and selling equipment and software to help customers build their own cloud systems.

Cloud computing can help reduce data-center expenses because the systems are designed to be shared by multiple customers, which spreads out the cost of operating pricey equipment. The servers and storage computers need to ramp up or scale down quickly based on demand to give all the customers the same high level of service. Storage machines from 3Par are made for that kind of system.

Analysts have been divided on whether buying 3Par was a make-or-break move for either Dell or HP. HP has its own line of high-end storage appliances similar to what 3Par could bring, while Dell resells technology from data-storage leader EMC Corp.

Shaw Wu, a Kaufman Bros. analyst, questioned the extent to which Dell or HP would benefit in the near term from buying 3Par. In a recent interview, Wu likened the bidding for 3Par with the contest last year between EMC and rival NetApp Inc. for a company called Data Domain. EMC ultimately won.

"One could argue, has it really transformed EMC? Not really," Wu said. "Has not buying - has it hurt NetApp? Not really."

But Forrester Research analyst Andrew Reichman took the opposing stance.

"I think that in this acquisition, both HP and Dell cannot afford to lose," said Reichman.

The analyst said he doesn't believe there's another comparable company that Dell could buy to round out its product line.

HP's own technology is also aging, Reichman said. He said that if HP lost after being willing to pay so much for 3Par, it would have had a hard time convincing customers that its existing line of storage system was adequate.

Explore further: 3Par calls HP $30 bid 'superior'; Dell mulls reply

©2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


HP to Acquire 3PAR | killexams.com real questions and Pass4sure dumps

PALO ALTO, Calif. & FREMONT, Calif.--(BUSINESS WIRE)--HP (NYSE:HPQ) and 3PAR Inc. today announced that 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. The transaction has been approved by the boards of directors of both companies.

Combining 3PAR’s leading-edge utility storage products with HP’s existing storage solutions will strengthen HP’s unparalleled storage, server and networking portfolio. 3PAR will accelerate HP’s highly successful Converged Infrastructure strategy by driving growth in the fast-growing virtual data center and cloud computing markets. HP’s global presence, commitment to innovation and proven track record of integrating acquisitions will provide growth opportunities for 3PAR going forward.

“HP and 3PAR is a winning combination that will accelerate HP’s Converged Infrastructure strategy and bolster our ability to provide customers with the industry’s highest levels of performance, efficiency and reliability,” said Dave Donatelli, executive vice president and general manager, Enterprise Servers, Storage and Networking, HP. “We intend to invest in 3PAR’s technology to create long-term value for our stakeholders.”

“As part of HP, 3PAR’s agile, efficient storage solutions will truly thrive, particularly given HP’s ability to accelerate investment in our products and reach new customers around the world,” said David Scott, president and chief executive officer, 3PAR. “3PAR has built a reputation for delivering enterprises and cloud computing service providers the ability to do more with less. HP’s global reach, strong routes to market and our shared culture of innovation will allow even more organizations to experience the transformative value of 3PAR’s technology.”

3PAR also announced that it has terminated its merger agreement with Dell Inc. and paid Dell the $72 million termination fee required to be paid to Dell as a condition to terminating the merger agreement.

HP’s cash tender offer commenced on August 27, 2010 and it is scheduled to expire at 12:00 midnight, New York City time on September 24, 2010, subject to customary tender offer conditions being satisfied. The final closing of the acquisition is expected to occur by the end of the calendar year. HP also announced today the satisfaction of the conditions to its tender offer related to (1) the termination of 3PAR’s merger agreement with Dell and the execution of a definitive merger agreement with HP, and (2) the inapplicability of Section 203 of the Delaware General Corporation Law to HP’s tender offer and proposed merger with 3PAR.

About 3PAR

3PAR® (NYSE: PAR) is the leading global provider of utility storage, a category of highly virtualized, dynamically tiered, multi-tenant storage arrays built for public and private cloud computing. The company’s virtualized storage platform was built from the ground up to be agile and efficient and to eliminate the limitations of traditional storage arrays for utility infrastructures. As a pioneer of thin provisioning and other storage virtualization technologies, 3PAR designs its products to reduce power consumption to help companies meet their green computing initiatives and to cut storage total cost of ownership. 3PAR customers have used the company’s self-managing, efficient, and adaptable utility storage systems to reduce administration time and provisioning complexity, to improve server and storage utilization, and to scale and adapt flexibly in response to continuous growth and changing business needs. For more information, visit the 3PAR website at www.3PAR.com.

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP is available at http://www.hp.com.

THIS DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SECURITIES. THE SOLICITATION AND THE OFFER TO BUY SHARES OF 3PAR COMMON STOCK IS ONLY BEING MADE PURSUANT TO THE AMENDED AND RESTATED OFFER TO PURCHASE AND RELATED MATERIALS THAT HP AND RIO ACQUISITION CORPORATION FILED WITH THE SECURITIES AND EXCHANGE COMMISSION (THE “SEC”) ON AUGUST 27, 2010 AND WILL BE AMENDED TO REFLECT THE TERMS OF THE DEFINITIVE AGREEMENT BETWEEN HP AND 3PAR. IN ADDITION, 3PAR WILL FILE A SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 WITH RESPECT TO THE TENDER OFFER BY HP AND RIO ACQUISITION CORPORATION. 3PAR STOCKHOLDERS SHOULD READ THESE MATERIALS AND ANY RELATED AMENDMENTS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE OFFER. 3PAR STOCKHOLDERS MAY OBTAIN COPIES OF THESE MATERIALS WITHOUT CHARGE FROM THE SEC THROUGH THE SEC’S WEBSITE AT WWW.SEC.GOV. 3PAR STOCKHOLDERS ALSO MAY OBTAIN COPIES OF THESE DOCUMENTS, WITHOUT CHARGE, FROM INNISFREE M&A INCORPORATED, THE INFORMATION AGENT FOR THE OFFER, AT (888) 750-5834 (TOLL-FREE FOR STOCKHOLDERS) OR (212) 750-5833 (COLLECT FOR BANKS AND BROKERS).

Forward-looking statements

This document contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including statements about the expected terms of the proposed acquisition, the ability to timely complete the proposed transaction given the various closing conditions; the expected benefits and costs of the transaction; management plans relating to the transaction; the expected timing of the completion of the transaction; any statements of the plans, strategies and objectives of management for future operations, including the execution of integration plans; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include that the transaction may not be timely completed, if at all, upon favorable terms; the possibility that expected benefits may not materialize as expected; that, prior to the completion of the transaction, the target company’s business may not perform as expected due to transaction-related uncertainty or other factors; that HP is unable to successfully implement integration strategies; and other risks that are described in HP’s SEC reports, including but not limited to the risks described in HP’s Annual Report on Form 10-K for its fiscal year ended October 31, 2009 and Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2010. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2010 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.



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