Hewlett-Packard To Catch Up In Cloud Computing
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…