- The Last of Us: A Game-Changing Masterpiece in the World of Gaming
- Maximizing Engagement on Instagram Stories
- Just Play Another Game: The Harm in Casual Dismissal
- New iOS Patch Released to Fix NPC Locations and Stuck Animals
- Is the Apple Watch worth the Investment?
- Say No to Humans: The Importance of Protecting our Planet
- Exploring the Interplay of Dark and Colors in Art and Design
- Why Manchester United is More Than Just a Football Club
- Get Ready for Exciting New Games on Xbox Game Pass in January
- Discovering Low-Cost NFT Projects with Strong Teams and Solid Communities
- Why Some People Prefer Android Over Apple: The Key Differences
- Exploring the Latest dApps on Binance Smart Chain s DappBay and CryptoCitizen
- LG s Menu System and Remote: Unbeatable in the OLED TV Market
- Gate.io Hosts AMA with a $100 Rewards Pool on January 12th at 1 PM UTC
- Choosing the Best High-End Smartphone for Your Budget: A Guide for the Over-50K Price Point
- Hacking: The iPhone vs Android Debate
- The Dilemma of Choosing Between an iPhone and a Washing Machine
- The Dark Side of Mega-Dominant Software Platforms: A Look at Poor Customer Support
- The Last of Us: Part I - How Will the PS5 Affect Sales and Marketing Strategies?
- Win Money with a Quiz: The Ultimate Guide
- 10 Lucky People Wanted: Show Us Your Homescreen and Win!
- Xbox Should Release Starfield on PlayStation for Maximum Reach
- Xbox and Bethesda Developer\_Direct Show Announced for January 2023
- Is the iPhone 14 Worth the Upgrade?
- Closer than Ever Event Featuring Samurai II and Piranha X in Parking, St. Petersburg, and L.A. Block
- Max Price for a Standalone VR Game
- 5 Tips for Creating Professional and SEO-Friendly Blog Articles
- My Tech Wishlist for the Year
- The Connection Between Modern Architecture and Depression: A Critique of Wokeism
- Is switching from an iPhone to a Samsung a good decision?
Why did Hewlett Packard Enterprise Buy Nimble for $1,09Billion ?March 8, 2017, 3:52 pm HPE CEO Meg Whitman has been focusing on a few areas such as networking, storage and technology services since the company was spun off from Hewlett-Packard Co in 2015. Hewlett Packard Enterprise Co said it would buy data storage provider Nimble Storage Inc for $1.09 billion to expand its presence in the fast-growing flash storage business. Nimble Storage`s shares rose 45.3 percent to $12.50, matching HPE`s offer price. HPE`s stock was marginally down. The $1.09 billion deal value is based on Nimble Storage`s outstanding shares of about 87.5 million as of November 30, according to Reuters calculations. HPE also agreed to assume or pay out Nimble`s unvested equity awards with a value of about $200 million at close. Nimble makes hybrid storage devices that combine hard disks and flash drives. The company`s larger rivals include NetApp Inc and Dell`s EMC Corp. Nimble Storage`s entry- to mid-range flash-based products will help HPE cater to customers across all segments, the company said on Tuesday. "The company can bring Nimble`s operations to scale more quickly," Mizuho Securities analyst Abhey Lamba said in a note. The overall flash market, estimated at about $15 billion in 2016, is expected to expand to nearly $20 billion by 2020, according to research firm IDC. Sales in HPE`s storage business fell 13 percent in its latest quarter. The company has also cut its full-year profit forecast. The deal is expected to add to HPE`s earnings in the first full fiscal year following the close, likely by April. "While accretive, however, we do not think the deal is likely to move the needle for investors," Lamba said. Nimble, founded in 2007, also reported fourth-quarter revenue above estimates and a smaller-than-expected quarterly loss. HPE has been on an acquisition spree since the start of this year. The company in January said it would buy analytics software provider Cloud Cruiser and in February acquired privately held cloud software company SimpliVity for $650 million. |
|