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3PAR Board Approval of DELL Offer is a Positive for HPQ

|Includes: DELL, HPQ, IBM, PAR Technology Corporation (PAR)

Today's news that the 3PAR (NYSE:PAR) Board of Directors has approved the latest Dell offer to be acquired, assuming no further pursuit of 3PAR by Hewlett Packard (NYSE:HPQ), is a net positive for HPQ shareholders. The cloud overhanging HPQ since the previous CEO was given his walking papers for violating corporate polices has continued with HPQ's quest to overbid for 3PAR. Yes, HPQ has plenty of cash in its treasury, but the general consensus of analysts is that 3PAR would not be accretive to earnings for possibly years.

With investors and traders looking for a reason to take advantage of HPQ's current low valuation, the news that 3PAR will go with DELL could be the beginning of the return of investors. 

Disclosure: No positions