Dell Inc, the world's third-biggest personal computer maker, is in talks to buy data storage company EMC Corp for more than $27 per share, CNBC reported on Thursday.
Hewlett-Packard Co said its board had approved the previously announced split of the company into two separate listed entities - computers and printers, and corporate hardware and services.
Hewlett-Packard Co. is splitting into two companies, using a breakup to become nimbler after failing to keep up with the shift away from the printing and personal- computing businesses it pioneered.
Hewlett-Packard Co., the largest personal-computer maker, forecast fiscal second-quarter profit that exceeded analysts’ estimates, helped by cost-cutting measures and a smaller-than-projected drop in service sales.
Hewlett-Packard Co. was sued by shareholders over its $8.8 billion writedown that the company said was partly related to falsified finances at Autonomy Corp., the British software maker it bought last year.
The Standard & Poor’s 500 Index fell, after yesterday’s rally, as Hewlett-Packard Co. tumbled and Federal Reserve Chairman Ben S. Bernanke said the central bank’s ability to offset headwinds is “not infinite.”
