Reuters: Technology News: HP to end storage resale deal with Violin Memory : Bloomberg

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

HP to end storage resale deal with Violin Memory : Bloomberg Oct 19th 2012, 23:04 SAN FRANCISCO | Fri Oct 19, 2012 7:04pm EDT SAN FRANCISCO (Reuters) - Hewlett-Packard plans to end its agreement selling solid-state storage devices made by Violin Memory, potentially complicating Violin Memory's plan for an initial public offering, Bloomberg reported. HP will wrap up its deal with Violin Memory, one of a growing number of companies selling high-performance solid-state drives, to focus on selling storage machines from 3PAR, which it agreed to buy in 2010 for $2.4 billion, Bloomberg reported, citing an HP spokeswoman. HP spokesman Michael Thacker told Reuters: "HP 3PAR is our strategic platform for solid-state storage." He declined to comment further. Violin Memory, which could not be reached for comment, has been planning a stock listing for over a year. Retrieving data from flash memory chips is much faster and more energy efficient than from hard drives, which read data from spinning metal disks. While storing data on flash chips is still expensive compared to hard drives, IT executives see the extra cost as worthwhile for functions where speed is important -- like operating social media websites or banking transactions. (Reporting By Noel Randewich; Editing by Tim Dobbyn) Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions