Leo Apotheker's sweeping overhaul of Hewlett-Packard Co. steps up rivalry with his longtime foe Oracle Corp.
Hearkening back to his two-decade career at SAP AG, Apotheker plans to spin off Hewlett Packard's personal-computer business and dive deeper into business software with the $10.3 billion purchase of Autonomy Corp.
With the plans announced yesterday, Apotheker, 57, makes good on pledges to expand in cloud computing and aims to challenge Oracle and International Business Machines Corp. in more profitable products aimed at corporations. Business software delivered a 19 percent operating margin last quarter, more than triple the amount for the PC unit due to be jettisoned.
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