HP to BEA: It's not me, it's you (Tech Confidential

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HP to BEA: It's not me, it's you

[Posted on November 29, 2007 - 4:58 PM]

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For BEA Systems Inc. [BEAS], it's gotta hurt. Barely a week after telling the world that Hewlett-Packard Co. [HPQ] was most definitely not interested in buying BEA, HP senior vice president Tom Hogan now discloses the company is very much interested in buying other enterprise software -- make that other very large enterprise software companies. Just not BEA.

In an interview with News.com, Hogan says that HP, which has acquired a series of software companies in recent years, is looking to further grow it's software business, which has become the most profitable segment of the company. He stresses that the company is unable to achieve the kind of growth it would like to see internally and would prefer to make purchases in "the billions of dollars class."

This, at a time when BEA, a multibillion dollar software company, has made it painfully clear that it would love to be bought. - Andrea Orr

See Nov. 21 blog from Tech Confidential
See Nov. 29 post from News.com
See Nov. 16 story from TheDeal.com

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