Sounds like a good deaal to me
So acquisitions worth more than $20bn with income of $3.3bn FOR $9bn?????
so ROI of 3 yr? and IP and customer base worth considerable amounts too.
The breakup of Hewlett Packard Enterprise is set to continue with execs locked in talks to offload the software division to private equity biz Thomas Bravo. The asking price is said to be $8bn to $10bn. The sale, reported first by Reuters, would close the curtain on one of HPE’s most embarrassing episodes, namely the …
Hi, I have a bridge to sell you, and some European and UK banks...
/If I was feeling kind, I'd point out that anyone can make things look like a bargain on paper before the sale completes...
Mine is the one with the memories in my pocket of people actually falling for this stuff.
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Also, don't forget the $1.2 billion the company paid for Palm with a view to developing WebOS for the Touchpad and the subsequent clusterfuck which followed that...
I'm surprised the company even still exists in any form whatsoever, and feel total disgust and loathing for the incompetent and totally inept idiots who have subsequently destroyed the brilliant legacy which Bill Hewlett and Dave Packard left behind not too many years ago.
"I'm surprised the company even still exists in any form"
I'm not sure it does tbh. For most of the last decade, it's been used as a corpse for would-be Republican candidates to carve chunks off of to feather their nests in preparation for failed political runs. It pretty much died at least a decade ago and every leader since Apotheker was fired has only really been interested in pillaging it (he himself was merely incompetent).
I can't remember the last time we had an HP story that wasn't either about massive job losses, chunks of the business being sold, or a change in the C-suite as another mega wealthy buffoon leaves with a 7- or 8-figure severance package, having driven some much-loved division into the floor (using through the massive layoffs and selling big chunks of it).
Recently I was working with an HP Enterprise Tools Team configuring and implementing their Datacenter management suite and almost all of them were consultants, only their management team were actual HPE employees. I found that very strange since the company was in the process of axing thousands of workers.
>What is HPE's future strategy? It seems like they are just going to sell off all the units and then give the cash back to shareholders.
That actually should be the strategy of a number of other companies as well (granted a very small minority but still) but management is always so sure they can turn it around and give themselves big bonuses regardless.