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Who's Next? 3 Possible Tech M&A Targets
CNBC.com Writer
The battle for 3Par continues as Hewlett-Packard raised its bid for the data storage company on Friday. This comes after rival Dell matched HP’s previously increased bid. Does this signal more mergers and acquisitions in the tech space — and how can investors benefit? Matt Bryson, analyst at Avian Securities, discussed his insights.
“What the large OEMs (original equipment manufacturers) are trying to do is address the changing environment in hardware and data center," Bryson told CNBC.
Bryson said 3Par’s [PAR
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] competitors all play in slightly different spaces, which Dell [DELL
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] have already tried to address organically or through different acquisitions. Therefore, those competitors wouldn't be likely takeover alternatives, he said.
Instead, Bryson said other companies that fit into the networking area, such as Brocade and Juniper, are possible acquisition targets.
“So I think that’s the better place to look for the next round of takeovers," he said.
Possible Targets:
Brocade Comm. [BRCD
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Juniper Networks [JNPR
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Quantum [QTM
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3Par Competitors:
CommVault Systems [CVLT
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Isilon Systems [ISLN
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Compellent Technologies [CML
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More on 3Par:
- Vote: Who Will Win the Fight For 3Par?
- Battle for 3Par One of the Most Prolific in Years
- Bidding War Goes to Next Level as HP Ups Ante for 3Par
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Disclosures:
Bryson does not own shares of CVLT, ISLN, CML, BRCD, JNPR, QTM, IBM, EMC or HIT.
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