H-P (HPQ +4.4%) jumps on a WSJ report the company has "received expressions of interest,"...


H-P (HPQ +4.4%) jumps on a WSJ report the company has "received expressions of interest," primarily from "other U.S. tech companies or their representatives," for its struggling Autonomy and EDS units. However, Meg Whitman is said to be uninterested for now, and one source adds it's unclear if EDS, hit hard by H-P's layoffs, can be extracted from the company. Odds are any offer for Autonomy will be well below the $11B H-P paid for it last year, in light of recent events. CRN claimed in September H-P has held talks about selling EDS, but the company denied it.

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Comments (4)
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    Another ingratiating rumor, or is this for real? I'd like to see the companies release this information, not the financial media, which may have a conflict of interest (read: profiting from rumors).
    16 Jan 2013, 03:02 PM Reply Like
  • pfifla1
    , contributor
    Comments (611) | Send Message
     
    Don't mind if I do take some profits from the media...

     

    You short??
    16 Jan 2013, 05:52 PM Reply Like
  • ericlb07
    , contributor
    Comments (15) | Send Message
     
    Take some profits here
    16 Jan 2013, 11:25 PM Reply Like
  • pfifla1
    , contributor
    Comments (611) | Send Message
     
    trust me my trailing stops are already in place. but I personally feel HP is beaten down below what fair market is for the stock, but they do need to get a handle on their debt... I think the market will push it a little higher before the pullback.
    17 Jan 2013, 08:29 AM Reply Like
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