Analysts and investors expect Dell to bow out of a bidding war with HP for data storage company 3Par.
HP twice raised its offer price on Friday in an attempt to prevent Dell winning the acquisition.
Dell had claimed victory on Thursday with a $1.6bn bid, only to be trumped by HP with a $1.8bn bid, which Dell subsequently matched.
HP's latest offer stands at $2bn, which Dell has until tomorrow to match. Dell said on Monday it was still assessing the situation and declined to comment further.
But most analysts expect Dell to give up, according to a survey by the Reuters news agency.
HP, with $115bn annual revenue compared with Dell's $53 billion, holds the financial advantage, the analysts said.
HP is also likely to get a faster return on investment than Dell because it has a bigger and more global sales force to help 3Par grow faster.
3Par specialises in thin provisioning, a technology that enables IT managers to reduce operational costs by allocating only the storage they use.
Dell and HP have both recognised the importance of storage in cloud computing architectures, which has fuelled the bidding war, analysts said.