Scalper1 News
Hewlett-Packard (HPQ), bowing to Chinese government concerns over foreign technology after the disclosure of U.S. spying activities last year, on Thursday said it is selling a 51% stake in its China-based data-networking business for $2.3 billion to Tsinghua Holdings. Tsinghua Holdings, a group owned by China’s Tsinghua University, will purchase the stake in a new business called H3C. HP stock was up 2.5% in early afternoon trading in the stock Scalper1 News
Scalper1 News