Hewlett-Packard Reconsidering PricewaterhouseCoopers Deal
Hewlett-Packard
(HWP)
is reconsidering the price and the purchase of
PricewaterhouseCoopers'
consulting unit, according to
Bloomberg
, which is citing H-P's CEO Carly Fiorina as saying as much at a
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Prudential Securities
conference in New York.
Fiorina said the company is re-evaluating the value of the acquisition to its shareholders at the previously announced $17 billion to $18 billion price tag. One problem is that integrating a consulting business might slow growth.
The acquisition would make H-P more competitive with
IBM
(IBM) - Get International Business Machines Corporation Report
by providing more software and services to potential buyers of its computer systems, which could boost equipment sales and revenue.
