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| 2-Aug-2006 |
| HP to Buy Mercury Interactive |
| Hewlett-Packard agreed to buy Mercury Interactive for about $4.5 billion in stock, or $52 per share, in a bid to expand the computer maker's business software operations. The deal, which sent shares of the No. 2 personal computer maker down 4%, should help boost sales of HP's systems management software, which makes it easier for far-flung businesses to monitor the hardware, software and networks running throughout their organizations.
The purchase of the former star Israeli technology company also puts HP in closer competition with other major systems management software providers, including IBM's Tivoli unit.
Source: http://www.cnn.com
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