3Par (PAR)

Re: 3Par (PAR)

Postby iam802 » Fri Jan 29, 2010 10:49 pm

The chart says it all.

I think this counter...the MMs are having fun with it.

That makes it a pretty good stock to trade.

(RTTNews) - 3PAR Inc. (PAR: News ) reported third quarter GAAP net loss of $528 thousand or $0.01 per share, compared to a net income of $461 thousand or $0.01 per share prior year.

Non-GAAP net income, which excludes the impact of stock-based compensation expense, was $1.9 million or $0.03 per share compared to $2.3 million or $0.04 per share a year earlier.

On average, 17 analysts polled by Thomson Reuters expected the company to report $0.01 per share for the quarter. Analysts' estimates typically exclude special items.


Image
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
User avatar
iam802
Big Boss
 
Posts: 6353
Joined: Wed May 07, 2008 1:14 am

Re: 3Par (PAR)

Postby iam802 » Wed Apr 14, 2010 9:49 pm

3PAR announced that it has launched its first sales office in China and named David Lu as country manager, based in Beijing . Part of an ongoing expansion in the Asia-Pacific region, this move positions 3PAR to provide utility storage systems to enable Chinese customers to build highly virtualized, highly consolidated datacenters for enterprise and cloud computing that are also environmentally responsible.
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
User avatar
iam802
Big Boss
 
Posts: 6353
Joined: Wed May 07, 2008 1:14 am

Re: 3Par (PAR)

Postby iam802 » Mon Aug 16, 2010 9:22 pm

Dell Inc. said Monday it plans to purchase data-storage company 3PAR Inc. for about $1.15 billion in cash, as the personal-computer maker seeks to boost its offerings for corporate technology departments.
Dell will pay $18 a share for 3PAR, an 86.5% premium to the Fremont, Calif.-based company's Friday closing price of $9.65.


Read more: http://online.wsj.com/article/SB1000142 ... z0wm6THxl6
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
User avatar
iam802
Big Boss
 
Posts: 6353
Joined: Wed May 07, 2008 1:14 am

Re: 3Par (PAR)

Postby iam802 » Mon Aug 23, 2010 8:23 pm

Let the game begins...

Amazing...look at how HP is able to respond to such events (even in the absence of a CEO)
--------

HP Proposes to Acquire 3PAR for $24 per Share in Cash

http://www.businesswire.com/news/home/2 ... Share-Cash
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
User avatar
iam802
Big Boss
 
Posts: 6353
Joined: Wed May 07, 2008 1:14 am

Re: 3Par (PAR)

Postby kennynah » Wed Aug 25, 2010 2:56 pm

802 :
your long time investment, is finally paying off...congrats man :!: :!:
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas

Image..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................Image
User avatar
kennynah
Lord of the Lew Lian
 
Posts: 16005
Joined: Wed May 07, 2008 2:00 am
Location: everywhere.. and nowhere..

Re: 3Par (PAR)

Postby iam802 » Wed Aug 25, 2010 5:02 pm

Unfortunately, I have limited resources.

And it is not deployed here when it move.

My bearish view of the market did not help either.
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
User avatar
iam802
Big Boss
 
Posts: 6353
Joined: Wed May 07, 2008 1:14 am

Re: 3Par (PAR)

Postby kennynah » Wed Aug 25, 2010 5:21 pm

oic....sorry man... i really thought you went Long since last year when you first spotted this...and at some point did suggest going Long...

anyways...opportunities aplenty elsewhere...

good luck boss
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas

Image..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................Image
User avatar
kennynah
Lord of the Lew Lian
 
Posts: 16005
Joined: Wed May 07, 2008 2:00 am
Location: everywhere.. and nowhere..

Re: 3Par (PAR)

Postby iam802 » Thu Aug 26, 2010 11:16 pm

3Par accepts Dell’s increased $1.6B offer for its data storage business

http://www.reuters.com/article/idUS319643849920100826
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
User avatar
iam802
Big Boss
 
Posts: 6353
Joined: Wed May 07, 2008 1:14 am

Re: 3Par (PAR)

Postby iam802 » Fri Aug 27, 2010 10:17 am

Never ending... shows the importance of storage technology

===
H.P. Back With Higher Bid for 3Par

http://www.nytimes.com/2010/08/27/techn ... ?src=busln
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
User avatar
iam802
Big Boss
 
Posts: 6353
Joined: Wed May 07, 2008 1:14 am

Re: 3Par (PAR)

Postby iam802 » Sat Apr 23, 2011 3:24 pm

A follow up post.... mostly to document why HPQ bought 3PAR


--
Why did we buy 3PAR?

http://h30507.www3.hp.com/t5/HP-Storage ... ba-p/90467


One of the attractive things about joining HP StorageWorks was that it had a number of interesting technology assets that were only just starting to emerge. These included the recent acquisitions of LeftHand Networks and IBRIX. Some technologies in HP Labs also had real potential. The things these technologies had in common were that they were all software-based, architected within the last 10 years and designed to deal with the emerging challenges of the next-generation data center.

The other thing that made joining StorageWorks intriguing for me was that there were a number of challenges to address. StorageWorks is an enormous business, with global reach, and arguably a broader storage portfolio than any other company in the industry. StorageWorks covers everything from tape to SSDs, and from SMB to the very high end. But clearly much of the business relies upon the technology that has been around for a while. This does not make it bad. It just makes it appropriate for well-established segments of the market and less appropriate for some of the emerging segments. These emerging segments of particular concern were IT-as-a-service and cloud.

Market share goals

Another key fact was that for a few years HP StorageWorks had been slipping in market share. We are currently tied for number three in the external storage market, with approximately 11% share. This leaves (you do the math) approximately 89% that we do not have. We love the 11%. We have well over 100,000 EVA units installed with some of the most loyal customers in the world. But we don't want to be number three. In many of the other markets that HP serves we are number one. Make no mistake: our goal is to be number one in storage too. This is a non-trivial objective. We have great competitors in this market. But we are not settling for number three.

The importance of the cloud

We also work with many IT people in our established customers, in the 11%, that are being asked by their businesses to build private cloud environments. These people are smart, and they know that the established storage technologies from HP and from our direct competitors were not designed to address some of these new requirements. It is clear that customers want new ideas and new answers. Every week I speak to people in the IT departments of companies that use storage platforms provided by HP's direct competitors. Most of these companies know that they need something new for their private cloud requirements. They know their existing storage platforms quite well, and they understand that they need something different for the emerging cloud and IT-as-a-service portions of their business.

Driving change

The implication was that HP StorageWorks needed to do something fundamentally different. We needed to game-change not just our business but also the industry. There were a couple of ways to go. One option was to engineer our established platforms to address these new requirements. We decided that this was not the way to go. It is important to understand that with storage systems, as with many other IT products, you cannot optimize for every possible use case. Some products are extraordinarily well suited for certain use cases but not for all. Another important consideration is that product lifecycles matter, and architecture matters. EVA, XP, and all of their established competitors were designed for certain kinds of use cases, and were architected years ago. They have all evolved, but they were not designed for some of the use cases that are just now emerging. With appropriate investment, they can be adapted for IT-as-a-service and cloud environments, but not perfectly, and the investment required is significant. This is why our primary competitors are investing more and more each year in R&D on older platforms. It is also why none of these older platforms have true multi-tenancy and struggle with reservationless thin provisioning. Adding this kind of functionality to older platforms is expensive, and at the end of the day, it is difficult to overcome the inherent limitations of architectures that were designed 20+ years ago.

Our conclusion was that our existing platforms were entirely appropriate for today's mainstream applications and use cases. These include fixed application workloads and general-purpose storage requirements like transaction processing, messaging, and many other workloads. Frankly, for most of the workloads most of our customers have right now. This realization created a great opportunity for HP StorageWorks. It enabled us to focus our investment in these platforms on the areas where they are best suited. We have actually increased our investment in our established platforms over the course of last year. Rather than trying to turn EVA into a cloud platform, we are turning it into a better Exchange and VMware platform. This is what our EVA customers want. In fact, over the course of the last year, we have done a complete refresh of our P2000 MSA platform for small and medium businesses, and we refreshed our high-end storage platform, the P9500 XP. We also embarked on an investment plan to completely refresh EVA. Spoiler alert: stay tuned for the new EVA in 2011.

Why 3PAR, why now?

But to address the 89%, we needed something different. There was only one option and it was 3PAR. Why? Because 3PAR was designed specifically for the emerging use cases we are talking about. 3PAR was founded in 1999. This was at the time when the first storage service providers (SSPs) and other XSPs were just emerging. This period was the first glimmer of true IT-as-a-service. Most of those early XSP companies did not succeed because they were reliant upon the existing storage and server platforms, which were not designed for service provisioning; they did not have multi-tenancy, efficient management, efficient capacity utilization, etc. As a result, these companies could not afford their own business models. The 3PAR founding team learned from this and designed their product to address these issues.

Fast forward to 2010: 3PAR was a public company, with eight of the top ten service providers in the world successfully using 3PAR to pull away from their competition and innovate in IT-as-a-service. Little known fact: if you look at the upper right-hand “Leaders” section of the Gartner Magic Quadrant for service providers, four of the five companies in that quadrant use 3PAR. These are the best service providers in the world. They would not be in that box if they did not have 3PAR. It was our belief that 3PAR had the only storage technology in the world that could fully address the IT-as-a-service requirements of our customers. When we did our technical due diligence we confirmed that 3PAR is also a marvelous general-purpose storage platform, for both midrange and large data centers. Most customers that start using 3PAR for specific applications end up using it for just about everything.

It was certainly a very interesting acquisition process. In fact it was the first hostile process in the 71-year history of HP. It was extraordinarily gratifying to have the support of HP and its board in going after 3PAR with a refuse to lose mentality. Again, to quote the great JT Kirk, “I don't believe in the no-win scenario.”

As it turns out, neither did the board or management of HP. With this kind of support behind us, I never once questioned whether we had set HP on the proper course in pursuing the acquisition of 3PAR.
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
User avatar
iam802
Big Boss
 
Posts: 6353
Joined: Wed May 07, 2008 1:14 am

Previous

Return to S to Z

Who is online

Users browsing this forum: Google [Bot] and 4 guests

cron