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HPQ » Topics » Pending and Completed Acquisitions

This excerpt taken from the HPQ 10-Q filed Mar 9, 2007.

Pending and Completed Acquisitions

In February 2007, HP agreed to acquire PolyServe, Inc., a leading provider of storage software for application and file serving utilities. The transaction is subject to certain closing conditions and is expected to be completed in the second quarter of fiscal 2007. Following the close of the acquisition, the business will be included in the Storage business unit within the Enterprise Storage and Servers segment.

In February 2007, HP completed the acquisitions of Bitfone Corporation (“Bitfone”) and Bristol Technology, Inc. (“Bristol”). Bitfone is a privately held global software and services company that develops software solutions for mobile device management for the wireless industry. Bitfone will be included in the Handhelds business unit within HP’s Personal Systems Group. Bristol’s solutions help companies monitor complex business transactions, complimenting Mercury’s software solutions. Bristol will be included in the OpenView business within the HP Software segment.

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Condensed Financial Statements (Continued)
(Unaudited)

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