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HP in better position now to make acquisitions - CEO
August 20, 2014 / 8:50 PM / 3 years ago

HP in better position now to make acquisitions - CEO

SAN FRANCISCO, Aug 20 (Reuters) - Hewlett-Packard Co is in a better position today to make acquisitions than in the past year, given its $4.7 billion in net cash and as it evaluates its overall cloud software capability, Chief Executive Officer Meg Whitman said in an interview.

HP, which posted a 12 percent gain in revenue from its personal computer-focused division in the fiscal third quarter, is benefiting from a bounce in the PC market as consumers and corporations upgrade ageing machines, she told Reuters on Wednesday.

“we’re in a position to make acquisitions the way we weren’t over the past year,” she said. (Reporting by Edwin Chan; Editing by Bernard Orr)

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