- SAP 3Q profit down, company cuts '08 outlook
- Intel Capital to invest $20 mln in solar venture
- CenturyTel to acquire Embarq in $5.8B deal
- Samsung 3rd-quarter profit falls 44 percent
- Sony stock slides 14 percent on earnings revision
- Man may be reimbursed after mice eat money
- Level 3 narrows loss on flat sales
- TriQuint Semiconductor 3rd-quarter profit rises
- St George Bank's Second-Half Cash Profit Rises 27%
- China Can Usher in Soft Landing: Former Adviser
- Bank of Japan Considers Cutting Rates
- GMAC Is Cleared to Join Fed Commercial Paper Plan
- Asian Markets Rally, But Are Off Session Highs
- Congress Wants Details On Bailout Firms' Bonus Plans
- Poll: How Much Should the Fed Cuts Rates?
- Debate Growing Over How Much Fed Should Cut Rates
- Stocks Jump 11% Amid Bargain-Hunting Spree
Text Size 
Hewlett-Packard has agreed to buy LeftHand Networks, a network storage provider, for $360 million in cash to extend its storage technology offerings for mid-sized companies.
The acquisition, which is expected to close in HP's fiscal first quarter of 2009, is subject to purchase price adjustments, HP said. LeftHand Networks, based in Boulder, Colorado, is privately held and has 215 employees.
HP, known best for its printers and computers, will add LeftHand's storage software to its own offerings of storage servers. It said LeftHand's mid-range products are already certified to work with HP products and would complement its low-end and high-end storage products.
The deal follows HP's purchase in August of technology services company Electronic Data Systems for $13.9 billion.
HP shares [HPQ
Loading...
()
] rose in morning trade on the New York Stock Exchange.
Print
Email
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes