Why HP is betting the farm on Autonomy

Hewlett-Packard plans to spend some $10.25 billion to acquire Autonomy, the United Kingdom–based software and services company. HP’s balance sheet currently has $13 billion in cash. Why is the company making such a big bet? According to HP’s CEO, Leo Apotheker, it’s now or never.

Academics, HP Wants to Fund YOU!

HP Labs is asking academic and research institutions for research proposals that focus on cloud computing, sustainable IT, transferring data seamlessly across a variety of media, dealing with the information explosion and dynamic computing. The computer company will offer $50,000 or $75,000 for selected proposals — primarily to pay a graduate student to help. While it’s nice to get a graduate student, an academic who really finds compelling solutions to these infrastructure problems might be able to get more money out of a VC searching for the next hot startup.