The source who is acquainted with the conference have exposed that the HP has received proposals for enterprise search company Autonomy and IT and equipment provider EDS or Electronic Data Systems. The declaration of interest has come from the United States tech companies or their representatives. The Autonomy and Electronic Data Systems have tested to be uncertain purchases for HP.
HP affirmed a huge quarterly loss in its third fiscal quarter last August 2012 after arranging $8 billion or £5.1 billion on its services arm, generally as an outcome of its failing measured of about $13.9 billion or £8.8 billion investment of EDS in the year 2008. HP’s former CEO Leo Apotheker revealed the purchase of Autonomy for $10.24 billion or £6.2 billion the year before.
However, HP filed a $5 billion or £3.15 billion decrease in the value of the investment after CEO Meg Whitman insisted that a whistle-blower had come forward affirming that Autonomy had committed in doubtful accounting practices that had unnaturally swollen the development of the firm’s software business. But the source stated that Whitman is not in the mood to market either division.
This is in spite of HP approaching to eliminate units that fail to meet goals. For an instance, EDS is located in the enterprise service area which HP has estimated will lapse in revenue by almost 11 to 13 percent in the year 2013. It would persist to check out the promising identity of assets and businesses that may no longer support them to meet their goals. The style in the filing was very clear and that every huge firm would utter the same thing.
Next to HP’s legacy services consulting and outsourcing business, it is uncertain if EDS can be separated from HP as it is now mixed with the Enterprise Services department. HP has planned for Autonomy moving forward, Autonomy product Aurasma would be classified into HP’s PPS or printers and personal systems group that will drive to the job deficit at Aurasma.
However, it would balance the losses by handling 50 new engineers in its Autonomy department. In terms of analytics, Autonomy portfolio was second to none, said by HP’s Wilson. However, it is an exclusive and effective piece of technology, there is still some work to do to establish the services all over the Autonomy.
REFERENCES:
http://www.computing.co.uk/ctg/news/2237116/hp-resisting-overtures-from-firms-interested-in-buying-autonomy-eds
http://www.techinvestornews.com/HP/Latest-HP-News/hp-resisting-overtures-from-firms-interested-in-buying-autonomy-eds
http://autonomy.rsspump.com/?topic=hp-resisting-overtures-from-firms-interested-in-buying-autonomy-eds&key=20130117142723_c50f20947339076f2da5467c953a34c8
