HP to end storage resale deal with Violin Memory : Bloomberg

SAN FRANCISCO Fri Oct 19, 2012 7:54pm EDT

A man walks past the Hewlett Packard logo at its French headquarters in Issy le Moulineaux, western Paris, in this September 16, 2005 file photograph. REUTERS/Charles Platiau/Files

A man walks past the Hewlett Packard logo at its French headquarters in Issy le Moulineaux, western Paris, in this September 16, 2005 file photograph.

Credit: Reuters/Charles Platiau/Files

Related Topics

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

How to get out of debt

Financial adviser Eric Brotman offers strategies for cutting debt from student loans and elder care -- and how to avoid money woes in the first place.  Video