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For investors, Dell, Inc.'s (DELL) latest moves have been somewhat puzzling. Of course, it looks like the company will engage in a bidding war for 3Par (PAR), which is a high-end storage provider. Hewlett-Packard Company (HPQ) offered $1.6 billion for the company, which was well north of Dell's $1.15 billion offer. If Dell makes a higher bid, it would certainly be a drain on resources. After all, the company's market cap is only $22 billion whereas HP's is $89 billion.But in the midst of the dealmaking, Dell still has to run its business. Unfortunately, things have not been so great. For example, it is only now that Dell has released a smartphone in the U.S. market.
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