) inked a strategic agreement with Persistent Systems. The deal
fits Persistent Systems' intention to expand its IP portfolio and
will also further enhance its expertise in PC Lifecycle
Management (PCLCM), Virtual Desktop Infrastructure (VDI) and
Mobile Device Management (MDM).
HP Client Automation (HPCA) software is a new approach adopted
by different organizations across the globe. This lifecycle
management solution helps large enterprises in automating routine
tasks related to client management tasks such as operating system
deployments and upgrades.
Persistent Systems will work on the product roadmap to develop
a combined solution that will also take care of certain HPCA
characteristics, such as Mac support and Mobile Device Management
(MDM) functionality. This solution will then be marketed by H-P
under the Persistent Systems brand name.
Hewlett-Packard is going through a strategic and operational
transformation process. Thus, in order to strengthen its business
model, the company has been implementing restructuring plans and
making new technological enhancements over the last four
It is yet to be seen whether these initiatives can offset the
impact of declining sales in its core computing market. However,
the actions may be expected to have a positive impact on margin
and EPS performance throughout the year.
In order to enhance its performance, the company is coming up
with new business plans and initiatives. The new tablet (Slate
7), which is also a part of the process, will be supported by
) Android operating system. A higher-end version based on
) Windows 8 operating system is already available. This tablet
may strengthen the company's foothold in the market.
Hewlett-Packard's shares carry a Zacks Rank #3 (Hold).
We could recommend another company,
), which currently has a Zacks Rank #1 (Strong Buy).
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