HP abandons hardware business to compete directly with Oracle

Lead: The foreign media today said that HP announced in Thursday that it would abandon the operation of the webOS and plan to divest its hardware business, and that HP would focus more on the software business in the future, which would make HP's main competitor into companies such as Oracle and IBM. The following is the main content of the article: according to Hewlett-Packard CEO Lee Ai (Leo apotheker) plan, HP will pay more attention to cloud computing in the future, strengthen the development of the enterprise software market.　　In the previous quarter, HP's software business had an operating profit margin of 19%. Becker Capital Management Company fund manager Patte Beck Pat Becker Jr. said: "HP will focus on storage, services, security and networking." Apotheker hopes to make HP successful in this area, and PCs are not the right business. The experience of Apotheker in SAP has played an important role. In Thursday, HP's shares in the New York Stock Exchange fell sharply by 6%. This is partly due to the overall decline in US equities and, on the other hand, to HP's quarterly revenue and profit forecasts, which are not up to analysts ' expectations. "I cut the quarterly results to truly reflect our current situation and the challenges we face," Apotheker said in a conference call. I know investors don't like the situation, and so do I. Hewlett-Packard said in Thursday that it would buy autonomy, Britain's second-largest software company, at 10.3 billion dollars. Autonomy mainly provides data analysis software, whose clients include Coca-Cola, Nestle, and the Securities and Exchange Commission.　　It was the largest acquisition by Hewlett-Packard since the 13.2 billion dollar takeover of EDS, and the biggest deal the company has made since he took office. Don Yacktman, founder of Yacktman Asset Management, said that through the move, HP would abandon its lower-return business to a higher-return business and eventually get a better business in the long run. "Software business is a more repeatable source of revenue," he says. "For Mr Apotheker's plan, Malibert Lopez Maribel Lopez, founder of Lopez, said:" Apotheker believes he cannot win the competition. If HP no longer carries on the PC business, it doesn't make any sense to start a mobile phone business. "(Chu Yue)