The news from HP is getting increasingly confusing. Last week, the company announced that it was spinning off its computer and smart phone divisions, and that it was buying the UK-based firm Autonomy for an estimated $10 billion. Its stocks plummeted, and as SanJose.com reported on Monday, there were rumors afloat that Oracle was considering a hostile takeover of HP.
Things took a turn for the better, though, when HP announced the release of its new HP Compaq 8200 Elite All-in-One Business Desktop. The new computer is labeled the “first all-in-one PC,” suitable for business and home use alike.
The stock market reacted favorably to the news, with shares rising 4.2 percent on Monday. While that’s hardly enough to compensate for Friday’s 20 percent drop, it is good news for investors.
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