Goldman Sachs pointed out that Red Hat, provider of data integration software, Informatica, and Business software developer Tibco Software, are likely to become Hp laptop battery‘s acquisitions. Up to now, the company’s share price has reached before interest, taxes, depreciation and amortization 42 times profits. Bloomberg statistics show that in the past 5 years, software and Internet companies have been acquired, the average price-earnings ratio of 18 times. The 57-year-old Li Aike (Leo Apotheker) in November last year, as HP CEO. Prior to this, Hp laptop battery‘s CEO in the interim under the leadership of the bid to beat Dell to record the acquisition of 325 times earnings data storage service providers 3Par.
SAP CEO Li Aike before the current charge of the company, is a large technology companies in the United States, the lowest price-earnings ratio, and in the past two years, revenue growth slowed in the face of the company. Li Yike, said this month he would take “strict” measures to make acquisitions. The industry believes that Li Aike may be forced through the acquisition, CEO Mark Hurd to offset office (Mark Hurd) reduction in R & D expenditures to the impact of the company, and reduce the company with Oracle, IBM and other companies in the field of cloud computing the gap between.
Manages 250 billion global portfolio investors Fund (Security Global Investors) fund manager (Mark Bronzo), “said HP CEO is a very difficult position. Although Li Yike said he would be very patient, But the pressures and demands from shareholders to catch up with competitors, the pressure will force the HP acquisition premium. ”
Acquisition strategy
Up to now, the world’s largest PC maker Hewlett-Packard spokesman Bill Walter (Bill Wohl) for the company’s acquisition strategy had yet to utter. Wall said, “Based on the strategy, CEO arrangement, we plan to self-development, acquisition or alliance three-pronged approach. Our acquisition strategy will be consistent with the company’s overall strategy.” In addition, Red Hat, Informatica and Tibco Software Spokesmen no comment for this story.
Bloomberg statistics show that HP’s current price-earnings ratio is only 9.8 times the market value of more than 20 billion U.S. dollars in technology companies, Hp laptop battery‘s lowest price-earnings ratio.
Hurd’s departure
In Hurd announced his resignation on August 9, but HP said Hurd violated the company’s business rules, HP shares hit day’s decline the most decline in 6 years. Helm at IBM laptop battery, Hurd charge of 5 years, and the total price by cutting R & D support over 24 billion U.S. dollars in mergers and acquisitions, Hurd raised HP’s revenue, and the company rose more than doubled.
After leaving the Hurd, Hewlett-Packard after 18 days of auction, spend 2.1 billion U.S. dollars acquisition of 3Par. In addition, HP has invested 1.5 billion U.S. dollars, or 57 times earnings billion acquisition of ArcSight. Li Yike March 14 this year, said HP will be in security, data analysis and acquisition of cloud computing.
Sales growth slows
Hewlett-Packard’s revenue growth this year is expected to slow to 4%, and in the field of cloud computing infrastructure, Hp laptop battery has lagged behind rivals IBM laptop battery and Oracle, Li Aike is building a cloud computing service for software developers in the use of safety Hp laptop battery technology, HP set of written data center, test and run applications.
HP is responsible for M & A’s chief technology and strategy officer (Shane Robison) on March 15 this year, said that to achieve these goals, Hp laptop battery need to buy, build or alliance database software, data analysis software, software development tools, and security software developers. Goldman Sachs said in a report that HP may be the world’s largest software developer is very interested in Linux. Including debt, Red Hat’s price-earnings ratio of 41.7 times the current, almost the S & P 500 Index price-earnings ratio of three.
Overall, this year’s global mergers and acquisitions have reached the 5478 document, involving an amount to 550.4 billion U.S. dollars, compared to 454.9 billion U.S. dollars last year grew 21%.
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