IceWEB (OTCBB: IWEB) The War in the Clouds

Following a heated merger battle between Hewlett Packard and Dell which finally culminated

in an offer this week, one third of the shareholders of 3PAR, the targeted data storage provider, have accepted HP's offer of $2.35 billion to acquire the company. Initially HP had offered a price of $1.8 billion more than one third more than what Dell had offered to acquire 3PAR. After Dell matched the offer, HP raised their purchase price to $2 billion. Finally, after two weeks of war and widespread speculation, HP fired back with an offer that even the Godfather could refuel: $33 a share, equating to $2.35 billion, as Dell accepted well deserved defeat. The technology at the center of the HP vs. Dell takeover battle for 3PAR is a somewhat new data storage facility, called "cloud computing ", a space in which 3PAR is considered an obvious leader. The unlikely interest for both these giants to take over the comparatively small Fremont ,CA company in the digital cloud storage data space could be a good indication that both of see their future business shift from selling in the hardware and personal computing market and perhaps evolving into something new cloud and the absence of machines. Maybe that's a lofty and far-off assumption-maybe not. There has been a marked shift in the storage market to enterprise cloud computing. Virtualized data storage like that which 3PAR builds and sells is the growing preference of many corporate clients. Many big names have jumped into the space: Amazon, AT&T, and of course, Google. Many small businesses and individuals are seeing huge advantages to cloud computing as well. Initial infrastructure costs are at a minimum because it is paid for by the cloud storage provider, and data storage has become cheap anyway. Compare the historical costs of data storage. In December of 1981, Creative Computing magazine cited that the cost per megabyte of storage space was $460. By September 1996, that same cost had fallen to $.207 per megabyte. Today? You can get a one terabyte drive from Western Digital for $199.99. 3PAR competes with arch rival EMC for a share in this space. So it's fitting that the offer by HP is being watched very closely by IceWEB, Inc., a leadingprovider of Unified Data Storage and building blocks for cloud storage networks. In January, IceWEB launched its new website. IceWEB's CEO, John R. Signorello, said of the new website, "The redesigned site features our core cloud computing solutions and products. The website will be maintained regularly to provide our shareholders, channel partners and customers with the latest information regarding news and events, product updates, version upgrades and regulatory filings." Interestingly, John also commented on the 3PAR -HP deal, saying "We are seeing some very exciting activity in the data storage market over the past few years. The recent bidding war for data storage provider 3PAR between Hewlett-Packard and Dell has triggered a great deal of attention to the sector." The huge takeover of 3PAR and the explosive interest in cloud computing as the future of data storage brings into focus the interest the giants have toward this technology. Companies like IceWEB, which have a stake in this exciting new technology will extravagantly by all this recognition now, and going forward. For more information visit

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IceWEB (OTCBB: IWEB) The War in the Clouds

By: Ronald Russo

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