Hp In Talks To Buy Aruba Networks For Wi-Fi Infrastructure

[Spartan]

Hewlett-Packard Co. is in talks to acquire Aruba Networks Inc., a maker of wireless-network infrastructure used by hotels, universities and shopping malls, people with knowledge of the matter said.

 

The purchase may be announced as soon as next week, said one of the people, asking not to be identified discussing private information. The deal hasn’t been completed and the talks could still fall through.

 

Aruba rose 21 percent to $22.24 in New York trading Wednesday, giving the company a market value of about $2.4 billion.

This would be the largest acquisition in several years for Hewlett-Packard, where Chief Executive Officer Meg Whitman has been focused on cutting costs and returning the business to growth. Hewlett-Packard is planning to split itself in two later this year, with Whitman remaining in charge of the business focused on corporate customers.

 

Hewlett-Packard is “now in a position where we can actually make acquisitions, which we couldn’t when we started,” Whitman said in an interview on Tuesday, after the company released its quarterly earnings.

[Maximus]

[perugu_vada]

asalu HP ye loss lo nadustondi ani rumor undi  inka avasarama veella ki evarno konatam