HP looks at acquisitions

19 April 2006 – San Jose (CA): Hewlett Packard’s CEO Mark Hurd has indicated that the computer giant will consider acquisitions to help it drive growth.

Hurd told a conference in San Jose that the Palo Alto-based company has about $14 billion in cash and no debt, giving it leverage to make acquisitions. Hurd also denied recent speculation that HP is looking to sell its PC business arguing that the segment was important to help the company control costs when it buys other businesses.