Suitors Reportedly Eye Autonomy & EDS
HP's gotten what the Wall Street Journal calls “expressions of interest” from possible suitors for its problematic Autonomy unit
By: Maureen O'Gara
Jan. 16, 2013 04:55 PM
HP has gotten what the Wall Street Journal calls “expressions of interest” from possible suitors for its problematic Autonomy unit, which HP has accused of cooking the books to gull it into paying over $11 billion for the UK software business in 2011.
Others reportedly have their eye on EDS, the services operation HP paid $13.9 billion for in 2008.
Together the two units have cost HP around $17 billion in write-offs.
Any offers are unlikely to match what HP paid.
The inquiries have reportedly come mainly from other tech companies.
The Journal, which figures EDS would be hard to disentangle and spin off, doesn’t identify its sources.
It was told that CEO Meg Whitman “isn’t in selling mode” although HP said in a filing with the SEC recently that it would consider divesting some businesses “that may no longer help us meet our objectives.”
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