HP Confirms Discussions with Autonomy Corporation plc Regarding Possible Business Combination

HP HPQ today commented on the recent announcement by Autonomy Corporation plc. HP confirms that it is in discussions with Autonomy regarding a possible offer for the company. HP also reported that it plans to announce that its board of directors has authorized the exploration of strategic alternatives for its Personal Systems Group (PSG). HP will consider a broad range of options that may include, among others, a full or partial separation of PSG from HP through a spin-off or other transaction. In addition, HP reported that it plans to announce that it will discontinue operations for webOS devices, specifically the TouchPad and webOS phones. HP will continue to explore options to optimize the value of webOS software going forward.