HP looks at acquisitions April
2006 – San Jose (CA): Hewlett Packard’s CEO Mark Hurd has indicated
that the computer giant will consider acquisitions to help it drive
growth. Hurd told a conference in San Jose that the Palo Alto-based
company has about $14 billion in cash and no debt, giving it leverage
to make acquisitions. Hurd also denied recent speculation that HP is
looking to sell its PC business arguing that the segment was important
to help the company control costs when it buys other businesses.