DOES HP HAVE $1Bn WORTH OF BULL ?

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Date: Monday July 30, 2007 11:29:00 am
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  • Anonymous
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    Does HP have $1bn worth of Bull ?
    If you’re inclined to believe published reports, then HP’s set to buy French computer maker Bull.
    Bull’s
    shares jumped close to 8 per cent Thursday on speculation that HP will
    deliver a $1bn acquisition bid. The two companies are said to be in
    advanced talks, while Morgan Stanley and Freshfields help seal the deal
    to capture their closing fee.Bull would fit in well enough with HP’s
    operations. The company has a strong position in the European high
    performance and high-end computing market. And, like HP, Bull has
    centered its top gear around Intel’s Itanium processor.If HP felt more
    ambitious, it could get a bit more cash together and grab SGI as well,
    helping to put the Itanium “ecosystem” out of its misery.One perk that
    comes with buying Bull is the French life support system, although the
    government may be less inclined to help out the firm with a US owner in
    charge. 

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