The last three weeks at 3PAR have been very satisfying. People throughout the industry have been calling us and emailing their regards, congratulations and best wishes regarding 3PAR's pending acquisition and future.
Last week at the VMworld conference, we saw a significant boost in customers coming to our booth to learn about our company and products. It was obvious that a lot of people were responding to the recent news stories and wanted to know what all the commotion was about. Some of these customers had never seriously considered 3PAR before because we were a smaller company than they typically do business with, but they were now anticipating that our products will be sold by a company that they already have a long-standing relationship with.
It was a bit like coming to an opening on a trail after walking through a forest and seeing a vast expanse of land before you. There is an enormous potential ahead for 3PAR. New customers will be much easier to find and pursue. These new customers will bring a different perspective to 3PAR's business, including new expectations and requirements that we will have to invent solutions for.
The good news is that we already understand the process of innovating at 3PAR and we've always been able to bring new, unique functionality to the market. That's where the satisfaction has always come from and where it will continue to come from. The recent recognition in the news has certainly been gratifying for all of us at 3PAR and it validates the way we have always approached this business.
As part of HP, 3PAR will become a key element of HP's Converged Infrastructure strategy, which encompasses server, networking and storage products. This is a much larger vision than we've been able to afford as a smaller best-of-breed storage company and it will be exciting and challenging to work out the details of this vision in our products. Dave Donatelli has a reputation for being very intelligent and having a strong compassion for our business. The fact that he has taken such an important role in the future of 3PAR speaks volumes. The best for 3PAR is yet to come.
This communication is for informational purposes only and is not an offer to purchase or a solicitation of an offer to sell securities. The tender offer described herein is being made only pursuant to the Offer to Purchase, Letter of Transmittal and related materials that Hewlett-Packard Company and Rio Acquisition Corporation filed with the SEC on a Tender Offer Statement on Schedule TO on August 23, 2010. In addition, 3PAR Inc. filed a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer on September 7, 2010. The Tender Offer Statement (and related materials) and the Solicitation/Recommendation Statement contain important information that should be read carefully before any decision is made with respect to the tender offer. Those materials may be obtained free of charge from Innisfree M&A Incorporated, the information agent for the tender offer, toll-free at (888) 750-5834 (banks and brokers call collect (212) 750-5833). In addition, all of those materials (and all other offer documents filed with the SEC) are available at no charge on the SEC’s website at www.sec.gov.
Statements in this communication that relate to future results and events are forward-looking statements based on 3PAR’s current expectations. Actual results and events in future periods may differ materially from those expressed or implied by these forward-looking statements because of a number of risks, uncertainties and other factors. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected benefits and costs of the transaction; management plans relating to the transaction; the expected timing of the completion of the transaction; the ability to complete the transaction; any statements of the plans, strategies and objectives of management for future operations, including the execution of integration plans; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; that the transaction may not be timely completed, if at all; that, prior to the completion of the transaction, 3PAR’s business may experience disruptions due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, licensees, other business partners or governmental entities; that the parties are unable to successfully implement integration strategies; and other risks that are described in 3PAR’s Securities and Exchange Commission reports, including but not limited to the risks described in 3PAR’s Annual Report on Form 10-K for its fiscal year ended March 31, 2010. 3PAR assumes no obligation to update these forward-looking statements.