Skip to content

California Dreamin’

August 30, 2010

Will Dell match HP’s latest offer of $30 per share for 3PAR? We’ll know by Wednesday at the latest, but whatever the outcome, 3PAR shareholders are presumably feeling pretty good right now. The value of their stock has tripled over the last three weeks.

Among these shareholders are public school teachers in the critically cash-strapped state of California. The California State Teachers’ Retirement System (CalSTRS), according to its recent 13F-HR, owns about 19,000 shares in 3PAR. Not a bad windfall – but whatever the final purchase price, not likely to put much of a dent in CalSTRS’s $42.6 billion shortfall.

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: