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HP directors defend shift in strategy

Hewlett Packard bosses have come out fighting in defence of their sharp change in the tech group’s strategy last week, which saw a share price collapse and growing shareholder alarm.

Léo Apotheker, chief executive, will meet shareholders in New York, Boston and London to argue that the company’s bet on business software and its planned exit from personal computers are needed to keep pace with convulsive change in the technology industry.

“We are at a pivotal part of our history,” Mr Apotheker told the Financial Times on Sunday.

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