Storage News

IceWEB CEO Comments on Data Storage Market Activity

As Chairman and CEO of IceWEB Inc. John R. Signorello comments on Trading Markets, there is exciting activity in the data storage market. A lot of attention has been triggered since the recent bidding war for 3PAR data storage between Dell and Hewlett-Packard. This attention suggests favorable trends in acquisition and mergers in the storage market industry.

"Both PC makers were looking at 3PAR as a way to build up their ecloud computing businesses, delivering software, data storage and other services to customers via the Internet. 3PAR could also help them cut data storage expenses. The offer from HP comes as technology companies appear to be increasing merger and acquisition activity as cash levels sit at record levels, highlighted by the $7.68 billion deal between Intel Corp. and McAfee Inc. The all-cash deal announced Thursday, August 19, 2010, marks the biggest acquisition in Intelas 42-year history. It is the sixth biggest deal globally between two technology companies over the past 3 1/2 years, according to Capital IQ, a division of Standard & Pooras."