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The Hewlett Packard Enterprise Co sold off much of its software business early on Friday and closing down.

The Hewlett Packard Enterprise Co sold off much of its software business early on Friday. Closing down the disastrous 2011 acquisition of UK firm Autonomy now brings down the company’s concentration to data center hardware and software.
 

The computing giant Hewlett-Packard that started in a Palo Alto garage almost 78 years ago and gave birth to the place now we call Silicon Valley, is starting over again. The giant computing company decided to split itself in two in order to compete more effectively in a tech world.
 

HP Inc. contained the PC and printing business and was trading on the New York Stock Exchange under the ticker symbol HPQ. Hewlett-Packard Enterprise, the new company Opened under the symbol HPE. It’s considered the healthier and more promising bit of the company.

 

But the recent split comes as HPE adjusts and shift corporate computing to cloud services like offered by Amazon Inc. and Microsoft Corp.  According to an interview reports; Ric Lewis, senior vice president of the company’s cloud software group, HPE aims to cater specifically to customers running services both on their own premises and in the cloud.
 

Now the HPE challenge will be to build new software for mixed data center environments, said Tom Bittman, Gatner an analyst.

 

The spin-off transforms HP into an enterprise software leader.  HP hired Michael Lynch as new Chief executive and Sushovan Hussain the financial officer of Autonomy. The ongoing legal case remains the responsibility of HPE, said the Company.
 

Those who care to remember the old HP, so named as the result of a coin toss between two partners- Bill Hewlett and David Packard, who met for the first time on the Stanford University football field in 1930- the new company recently put out an ad to commemorate the split on www.youtube.com

 





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