CEO Meg Whitman said earlier this week that the company is in a position to make acquisitions, despite a generally negative quarterly earnings report. That led to HP stock taking a downturn, while shares of Aruba have spiked since the Bloomberg report was published – up 21% as of this writing. HP’s own enterprise networking division, by contrast, saw an 11% revenue drop in the latest figures.
It seems likely, at this point, that Aruba would become part of Hewlett-Packard Enterprise after HP splits in two later this year, as planned. Hewlett-Packard Enterprise will handle the company’s enterprise services, hardware and software lines, while HP, Inc., will keep the company’s large PC and printer businesses.