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HP CEO: Evolving Begins with PC Spin-Off

HP CEO: Evolving Begins with PC Spin-Off

Hewlett-Packard Co. CEO Leo Apotheker said in a recent interview with The Wall Street Journal that the company is in the process of a significant transformation, which began with its decision to spin off its personal computers sector.

According to Apotheker, the computer manufacturer's decision to spin off the PC business and disclose its plan to acquire UK software company Autonomy Corp. for $10 billion has been met with "a lot of appreciation" from shareholders.

Still, Apotheker's moves have been scrutinized by a number of analysts, many of whom claim the computer giant paid too much for Autonomy, meaning it will not have enough capital to invest in other strategical ventures.

Apotheker, however, expressed his belief that the acquisition of Autonomy will allow HP to make sense of its unstructured voices and videos and enable it to skip an entire technology generation, according to the Journal.

HP is not the only technological giant to recently engage in M&A strategy, as Google has acquired Motorola Mobility, a move that has also been met with some skepticism, according to a number of published reports.