HP and new CEO brace for wave of software deals

Hewlett-Packard's choice of CEO may spur a flurry of deals in the software industry, as it shores up one of the weakest parts of its business to do battle with Oracle and IBM.

Leo Apotheker, former head of German business software giant SAP and now newly installed chief executive at the world's largest technology company, stressed that software was the "glue" tying its business together.

Some analysts foresee HP thus striding out on an acquisition path. Software yields only 3 percent of HP's revenue, compared with over 20 percent at IBM, and Gleacher & Co analyst Brian Marshall called it HP's "Achilles heel".

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- Posted: 2010-10-02 13:45:47

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