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HP wants to buy the Stairway to Heaven
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Old 25th August 2013, 07:38   #1
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Default HP wants to buy the Stairway to Heaven

After announcing results which proved that her restructuring was not fixing HP's death spiral, CEO Meg Whitman told the telly that she wants to buy up companies.

She said she has begun shopping for companies of up to $1.5 billion after a flurry of outsized purchases in past years.

Whitman told the FT that the company could also do deals in the $100 million to $300 million range.

She did not specify any particular targets but claimed she had her eye on a number of areas.

Acquisitions will become part of HP's future, to further some of its strategic initiatives and shore up some of the product holes, she said.

Whitman said that HP did not need a five or six billion dollar acquisition, but there might be a few acquisitions in the $100 million, $300 million range and some up to 1 to $1.5 billion that the maker of expensive printer ink might be interested in.
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