HP announced the public beta of its first public cloud services that allow developers to create Web application on its public cloud, or hybrid cloud. Announced in early April, HP Converged Cloud (the name HP has given to the company’s promising cloud ecosystem) is based on OpenStack and will also support Amazon EC2. The new…

Hewlett-Packard is continuing to challenge Amazon in the public cloud domain. It has launched its own public cloud service which takes advantage of its own datacenters. HP’s Converged Cloud is similar to Amazon’s Web Services (we reported earlier). Beginning May 10, Converged Cloud will be offering on-demand virtual machines and instances where customers can pay…

According to Bloomberg, Hewlett-Packard needs to spend as much as double the historical valuation for software takeovers to catch up in cloud computing. Although Apotheker said this month he will follow a “disciplined” approach to acquisitions for Hewlett-Packard, he may be forced to pay up to offset cuts in development spending by ousted CEO Mark Hurd and…