The weak performance of HPE's key business stirs concerns about whether CEO Meg Whitman's growth strategy will pay off.
“The close of this transaction leaves HPE with a crystal clear mission, tied directly to the solutions our customers and partners tell us they want most."
Through the acquisition of Nimble Storage, "we’ll have a comprehensive, best-in-class [flash] portfolio across the full range of the market."
The deal with Micro Focus advances Hewlett Packard Enterprise's strategy of becoming a leading provider of cloud-based IT solutions.
Hewlett Packard Enterprise will merge its troubled IT services unit with Computer Sciences Corp. , creating a company with $26 billion in revenue.
The planned transaction will distract the parties' management and employees and cause a massive debt load that will stifle R&D spending, Whitman says.
The company expects to save about $2.7 billion, mostly by cutting jobs in the HP Enterprise business.
PC revenues fell 13% and printer revenue was down 9% in the second quarter.
The move, HP said, would create a “technology powerhouse.”
Hewlett-Packard spends a net $2.7 billion for the maker of hardware and software for enterprise mobile networks.
Splitting off the PC and printer businesses will give the enterprise division "focus, financial resources and flexibility," says CEO Meg Whitman.
The war between Autonomy and HP escalates as HP plans on suing Autonomy's ex-CFO for trying to blocking settlements with shareholders.
