HP to buy Linux thin client desktop company

Posted by Sander_Marechal on Jul 23, 2007 9:40 PM EDT
DesktopLinux; By Steven J. Vaughan-Nichols 		Mail this story
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Hewlett-Packard announced on July 23 that it would be buying Neoware, a provider of Linux, Windows CE and Windows XPe OS thin client computing and virtualization solutions. HP will be paying $16.25 per share, or an enterprise value (net of existing cash) of approximately $214 million on a fully diluted basis for the company. In a statement, HP declared that this acquisition as part of HP's strategy to expand in growth markets and further its leadership in personal computing.

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