• New H-P CEO Offers Clues to 3-Year Strategy

    As reported in the Wall Street Journal, H-P CEO Leo Apotheker — in his first public appearance since joining the company in November — offered clues to the company’s strategic direction:

    • An online cloud where businesses can store information
    • An online application store with both H-P and third-party software
    • No plans to acquire SAP or a similar transactional application platform, instead looking to leapfrog to a new generation of technology
    • A new platform designed to quickly analyze large amounts of data, built in conjunction with recent acquisition Vertica Systems Inc.
    • Implementation of the webOS operating systems, acquired with Palm, in smartphones, laptops and desktops alongside Windows

    From a financial standpoint, H-P plans to increase its dividend 50% to 12 cents a share and produce $7 a share in earnings by fiscal year 2014 from $4.58 in the 2010 fiscal year ended in October by focusing on higher-margin businesses.

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