(Corrects company name in headline to 3PAR)
NEW YORK (Reuters) - DELL (DELL.NQ)Inc is planning to submit a more competitive bid for data storage firm 3PAR Inc, challenging Hewlett-Packard Co's offer of $24 per share, a source familiar with the talks said on Wednesday.
3PAR shares were off 0.1 percent to $27.01 after the comments.
A Dell spokesman declined to comment.
3PAR said on Tuesday it will start merger talks with HP after HP's $1.6 billion offer topped Dell's previous, $1.15 billion bid.
(Reporting by Ritsuko Ando, editing by Gerald E. McCormick)