HP buys software companies at high prices to develop cloud computing

Beijing Time March 28 news, according to foreign media reports, half a year ago, Hewlett-Packard to record the price of the acquisition of computer company 3Par.　　HP is now likely to buy software companies at twice the historic price to develop cloud computing technology. According to Goldman Sachs, HP's potential takeover targets include Red Hat, Informatica and Tibco software. These companies have a 42 times-fold earnings ratio, far above the 18 times-fold average of software and Internet industry acquisitions in the past 5 years, calculated on the basis of earnings before interest-tax depreciation amortization (EBITDA).　　Hewlett-Packard CEO Lee Ai (Leo Apotheker) took over HP last November, and HP's former transition CEO bought 3Par at 325 times times the EBITDA. Hewlett-Packard is currently the lowest-p-earnings ratio among large U.S. technology companies, and the company could face sales declines in the next two years.　　Mr Apotheker will be under greater pressure to compete with Oracle and IBM in the future, thanks to a sharp cut in research and development costs by former HP CEO Hurd Mark Hurd. HP spokeswoman Bill Wall Bill Wohl declined to comment on a possible takeover. "Based on our CEO's future strategy, we will develop, acquire or find partners," he said. Our strategy for mergers and acquisitions is consistent with the overall strategy of our company. ”