HPQ » Topics » Other acquisitions in fiscal 2007

These excerpts taken from the HPQ 10-K filed Dec 18, 2008.

Other acquisitions in fiscal 2007

        HP also completed eight other acquisitions during fiscal 2007. Total consideration for these acquisitions was approximately $1.0 billion, which included direct transaction costs, the estimated fair value of earned unvested stock options and certain liabilities recorded in connection with these acquisitions. The largest of these transactions was the acquisition of Neoware, Inc., which has been integrated into HP's Personal Systems Group.

        HP recorded approximately $700 million of goodwill and $182 million of purchased intangibles in connection with these other acquisitions. HP also recorded approximately $9 million of IPR&D related to these acquisitions in fiscal 2007.


Note 7: Goodwill and Purchased Intangible Assets

Other acquisitions in fiscal 2007





        HP also completed eight other acquisitions during fiscal 2007. Total consideration for these acquisitions was approximately
$1.0 billion, which included direct transaction costs, the estimated fair value of earned unvested stock options and certain liabilities recorded in connection with these acquisitions. The
largest of these transactions was the acquisition of Neoware, Inc., which has been integrated into HP's Personal Systems Group.



        HP
recorded approximately $700 million of goodwill and $182 million of purchased intangibles in connection with these other acquisitions. HP also recorded approximately
$9 million of IPR&D related to these acquisitions in fiscal 2007.




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Note 7: Goodwill and Purchased Intangible Assets





This excerpt taken from the HPQ 10-K filed Dec 18, 2007.

Other Acquisitions in fiscal 2007

        HP also completed eight other acquisitions during fiscal 2007. Total consideration for these acquisitions was approximately $1.0 billion, which included direct transaction costs, the estimated fair value of earned unvested stock options and certain liabilities recorded in connection with these acquisitions. The largest of these transactions was the acquisition of Neoware, Inc., which HP expects to further its leadership in personal computing by accelerating HP's thin client portfolio.

        HP recorded approximately $700 million of goodwill and $182 million of purchased intangibles in connection with these other acquisitions. HP also recorded approximately $9 million of IPR&D related to these acquisitions in fiscal 2007. Projects that qualify for treatment as IPR&D have not yet reached technological feasibility and have no alternative use.

        HP has included the results of operations of these transactions prospectively from the respective date of the transaction.

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