![\"\"](\"http:\/\/www.geek.com\/wp-content\/uploads\/2011\/09\/HP_logo.jpg\" "\\"HP"){kind=logo}
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I was reading through Schumpeter’s blog<\/a> on The Economist<\/a> and I came across something quite interesting.<\/p>\n <\/p>\n Hewlett-Packard (HP) is the world’s biggest producer of computers. Recently with the\u00a0stiff competition \u00a0of hardware in the IT field HP decided to switch battles. Instead of spending more money to keep up with\u00a0innovative, high-tech hardware HP spent $10.3 billion on a software firm, Autonomy. The software market provides larger profits and Autonomy has really targeted a direct market. Autonomy produces software that sifts through\u00a0unstructured\u00a0data such as email, and documents. This software is very useful for large businesses and\u00a0corporations.<\/p>\n This move is bold. HP had just spent $1.2 billion to expand to the highly\u00a0competitive but profitable cell phone market, by buying palm.\u00a0They had little luck with the expansion but the OS system designed for the phones is widely recognized for quality and\u00a0performance. HP hopes to keep the OS but if unable it will sell it along with the rest of their\u00a0assets. This will be a huge change to the computer industry and will give another company to claim the top the title selling computer brand.<\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" I was reading through Schumpeter’s blog on The Economist and I came across something quite interesting. Hewlett-Packard (HP) is the world’s biggest producer of computers. Recently with the\u00a0stiff competition \u00a0of hardware in the IT field HP decided to switch … Continue reading