#HewlettPackard’s 20-percent nose-dive in stock price last week has stirred up rumors that Oracle may be considering moving in.
The rumors seem to stem from a New York Post article published over the weekend. The Post says HP’s 10 billion dollar decision to buy UK software company Autonomy “puts the world’s largest tech company in a vulnerable position and may make it an Oracle takeover target”.
An unnamed source told the Post Oracle’s move would be inevitable if the stock continues its decent, and that Larry Ellison and former HP CEO Mark Hurd are “ready to pounce”. The source pointed out that if HP’s success in spinning its PC business would make Oracle’s takeover all the more easier. After moving in, Oracle would sell of the profitable HP printer business.
Monday, August 22, 2011
Rumor: Is #Oracle planning a takeover of #HP?: