I read that HPE cannot sell itself for 3 years after HP divorce. True? If so how are they going to stay afloat that long?
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They cannot sell themselves two years after the split as a part of the tax-free status that the separation gets it.
Here is the full report with legal jargon: http://h30261.www3.hp.com/~/media/Files/H/HP-IR/documents/reports/2015/01-07-2015-form-10.pdf?jumpid=ba_r329_hhoaffiliate&aid=38293&pbid=TnL5HPStwNw&aoid=35252&ranMID=38293&ranEAID=TnL5HPStwNw&ranSiteID=TnL5HPStwNw-eW7iarZ_OlD9Epqv7PtxvA&siteid=TnL5HPStwNw-eW7iarZ_OlD9Epqv7PtxvA
We are fast approaching 1 year, come November. That means that when the merger with CSC completes in April, it will have around 6 months left before it sells itself. You can bet it will be in talks with other companies to be sold the day that the agreement expires. In other words, I wouldn't be surprised if hush-hush talks are going on right now in order to have everyone's wet signature on the line the day it expires Nov 2017.
Depending on what company acquires HPE, it might be for the better.
Amazon? Cisco? Intel? EMC / Dell?
Well now we know who will buy this turd;-). Another steaming pile of lost contracts, layoffs, offshoring. CSC and HPE will walk to bankruptcy court hand-in-hand after a few more execs extract as much money as they can legally steal......
Meg didn't know she couldnt sell HPE when the split occured. Someone surelu lost their job over that. It will be 2 years from the split before it can be sol and who the hell will buy it then? She's f oing massive cutoffs and customer service is poor and prices are not good for the features given the competive offers.
All the hallmarks of a sale are here, particularly the aggresive slashing of jobs, and the staff care during the current WFR exercise is an utter disgrace. Shame on you Whitman I wouldn't put you in charge of a raffle.
What a joke. Who would buy this turd? The large customers are gone. The (EDS) contracts that HP purchased to generate consistent revenue for the company were bled dry and ultimately lost. HP divested itself of real property holdings. The engineers, solution architects, project managers, account managers, operations managers, and support personnel that knew what they were doing were WFR'ed. The company has no customer IT transition resources left to take on new projects (they were WFR'ed).
"Maybe some nice offices and DC's to sit in?" Clearly l should have said convert into luxury bedsits. My mistake.
There's a big difference between selling all of HPE and a division. E.g. HP ES sale seems far more likely, although l'm not sure what you'd be getting for you money? There's no staff left who know anything and all the accounts wont renew because service is so bad. Maybe some nice offices and DC's to sit in?
Nope. 2 not 3. Some for sale now.
Why would anyone buy it if it is in that bad shape. If the one run/build/ngdm reorg does not work, that's it, imho.