Bull achieved $1.5bn of sales last year but has always struggled for profitability and owes its continued existence to the willingness of the French government to bail out what it sees as a national champion in the IT market.
A report on the web site capital.fr said HP is planning a 7.5 euros ($8)-a-share bid, which would represent a 40% premium on the Bull share price in the previous month.
Our View
While there may be little in terms of IP to tempt HP into making a bid, it would offer the company a useful addition to its customer base in Europe.
