HP Is Back In The Acquisition Game For Targets Between $100M And $1.5B After Cutting Net Debt

wochit business
August 22, 2013 AT 3:58 PM
Yesterday HP reported mildly disappointing earnings, and after an earnings call that was more a request for patience than a rallying call, investors sent the company's shares down heavily. HP is trading more than 12 percent down today. However, despite repeating a declared internal zeal for cost cutting, a balanced plan between revenue growth and margin pressure, and the goal of zero net debt, HP's Meg Whitman today stated that the company is in the acquisition game, and for big targets to boot.