HP is a technology giant with annual revenue over $115 billion and an expanding technology portfolio that includes servers, storage, printers, computers and software; it also offers a broad range of outsourcing and consulting services. I attended the company’s 2010 global analyst summit in Boston to get an update from executives on its enterprise business portfolio of technology and services. The event was kicked off by Ann Livermore, executive vice president for enterprise business, a long-time leader in HP. HP has amassed a sizable portfolio of acquisitions, including EDS in 2008, and its pending deal to acquire 3Com will pair it up competitively against Cisco Systems. Now, HP has intentions of being a player in cloud computing by providing technology that can easily be utilized virtually across the planet. It appears well poised for this task unless the likes of IBM can challenge HP directly.
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