Office 2010 Professional Plus Is HP Overcompensati

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By Brenon Daly
Since when does an army with out its prime basic go around the attack? That strategy would look to go against convention, nevertheless Hewlett-Packard (HPQ) has completed just that given that dumping Mark Hurd for his foibles. The tech giant has chased a pair of offers to valuations that are essentially 2-3 periods the prevailing industry multiple. HP’s recent bidding war over 3PAR (PAR) and the purchase of ArcSight (ARST) shows a level of aggressiveness that indicates to us that the drivers for the acquisitions may have been emotional as well as financial,Office 2010 Professional Plus, at least to a small degree.

If we step back and look at the setting for both deals, we can’t help but conclude that HP announced the transactions at a time when it looked vulnerable. Its star CEO had dramatically crashed back to earth,Microsoft Office 2010 Product Key, while its board (however again) appeared to have bungled what looked like a fairly routine internal investigation. Statements by the company that it was ‘business as usual’ didn’t get much of a hearing on Wall Street. Shares that changed hands in the low $50s in April have been worth less than $40 for much of the past month. HP’s marketplace cap lingers below $100bn,Office Home And Student, despite the company ringing up sales of about $120bn.

At the risk of drifting too far into psychology,Office 2007 Pro Plus Key, we wonder if the offers weren’t a bit of overcompensation. (Certainly, paying 11x trailing sales for 3PAR might be considered overcompensation,Windows 7 Ultimate, or at the least, ‘heavy compensation,’ if you’ll forgive the pun.) If investors and others were going to view HP as weak or directionless while its corner office was empty, well, HP could use its vast resources to counter with a signal to remind everyone that it was formidable, with or with out a fulltime CEO. Of course, we’re just playing armchair psychologist here. But something beyond just straight numbers seemed to be at work in HP’s recent moves.