Hewlett-Packard Co (HPQ.N) plans as soon as Thursday to announce a $10 billion acquisition of British software company Autonomy and a spinoff of its personal computer business, the world's largest, Bloomberg reported. HP could make the announcement on the same day it is due to release quarterly earnings, Bloomberg said, citing sources familiar with the company's plans. HP has denied past speculation that it was in discussions to sell or spin off its PC arm, one of its largest divisions but also among the least profitable. Cambridge-based Autonomy counts Procter & Gamble Co (PG.N) among a long list of major corporate customers that use its software to search and organize unstructured data like emails Shares of the HP were down 2.9 percent at $30.48 at midday.
Hewlett-Packard Company (HP) is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. Shares of HPQ fell by 2.93% or $-0.92/share to $30.47. In the past year, the shares have traded as low as $29.75 and as high as $49.39. On average, 21902100 shares of HPQ exchange hands on a given day and today's volume is recorded at 51528408.
The Procter & Gamble Company (P&G) is focused on providing consumer packaged goods. Shares of PG fell by 1.83% or $-1.1303/share to $60.54. In the past year, the shares have traded as low as $57.56 and as high as $67.72. On average, 11319300 shares of PG exchange hands on a given day and today's volume is recorded at 7966682.
