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Wednesday, January 16, 2013

Interest in HP assets spikes after Dell news -source, (NASDAQ: DELL)

Hewlett-Packard Co in recent days has received a large number of casual overtures exploring a purchase of some of its assets, but the company has no intention of selling any major units, a source familiar with the matter said on Wednesday. While HP gets feelers from bankers, representatives from private equity and technology companies regularly, the inquiries have increased in the days since news emerged that rival Dell Inc was in discussions with private equity group Silver Lake about a potential buyout, the source said.The Wall Street Journal on Wednesday cited unidentified people familiar with the matter as saying "some potential buyers" have expressed interest in HP's Autonomy and EDS units, without elaborating.HP declined to comment.HP has written down billions of dollars in the values of both Autonomy and EDS, which it acquired in past years. Even so, HP Chief Executive Meg Whitman has said Autonomy and EDS remained key technological assets for the company.

Dell Inc. (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Shares of DELL fell by 4.25% or $-0.56/share to $12.61. In the past year, the shares have traded as low as $8.69 and as high as $18.36. On average, 25763800 shares of DELL exchange hands on a given day and today's volume is recorded at 75279752.