HP Finally Gets It Right, Flexes ARM

(TheStreet) --HP(HPQ_), after spending the last few months frightening the life out of investors, has taken a big step in the right direction by becoming the first major server player to support ARM's(ARMH_) low-power chips. New HP CEO Meg Whitman won plaudits last week when she announced that the tech bellwether would keep its computer division, easing investor fears about the company's long-term strategy. With the ARM announcement, however, HP may also regain some of its innovative edge that has dulled in recent years. A semiconductor star, ARM's technology has typically been found in smartphones and tablets, although HP will use the chips within a soon-to-be-launched server technology called Redstone.

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