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Tuesday, 23 October 2012 - HP will honor Violin Memory sales deal but not extend it: source |
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Credit: Reuters/Charles Platiau/Files SAN FRANCISCO | Mon Oct 22, 2012 2:30pm EDT SAN FRANCISCO (Reuters) - Hewlett-Packard will honor an agreement to sell solid-state storage devices made by Violin Memory but has no plan to extend the deal to future products, a source familiar with the situation said on Monday. On Friday, Bloomberg reported that HP was planning to end its agreement selling solid-state storage devices made by Violin, potentially complicating Violin's plan for an initial public offering. HP will respect its current agreement with Violin but not add future products, focusing instead on selling storage machines from 3PAR, which it had bought for $2.4 billion, the source told Reuters. An HP spokesman on Friday described 3PAR as HP's strategic platform for solid-state storage. Violin Memory, which has been planning a stock market listing for over a year, said in a statement that its current relationship with HP remains unchanged. "The VMA product family (the Violin 3000 and vSHARE software) continue to be available to customers via HP as per the announced relationship," the company said. Violin spokeswoman Suzanne Chan declined to comment specifically about future plans with HP. 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 and Poornima Gupta; Editing by Leslie Adler) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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