Hewlett-Packard(s hpq), smarting from its controversial $11 billion acquisition of Autonomy in 2011, is open to making small- to medium-sized acquisitions going forward.
On HP’s first quarter earnings call Thursday night, CEO Meg Whitman left the door open to new deals. (The Autonomy buyout was architected by Whitman’s predecessor, Leo Apotheker, and it was a big reason he was ousted a year after he got the top job.)
Whitman reiterated what HP told analysts in October — that the company will pay dividends and do share repurchases, but “I do think we will be now considering acquisitions.”
“As this market changes very dramatically, you can see that we may need acquisitions in security, Big Data, mobility and cloud. We will be very judicious. It will be returns-based, and I would say it would be small- to medium-sized acquisitions, so that’s where we are headed, but the capital…
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