His company is going through a substantial restructuring which will see it shed its PC unit to concentrate on high-margin software business.

FORBES: HP Insists With Autonomy As It Delves Deeper Into Software

It laid off consultants in its main business, shut a unit that produced customised software and closed down another that provided consulting to start-ups.

ECONOMIST: Management consulting

"Organizations supporting hyperscale workloads need powerful servers to maximize efficiency and realize radical space, cost and energy savings, " said Paul Santeler, vice president and general manager, Hyperscale Business Unit, Industry-standard Servers and Software at HP.

ENGADGET: Intel's Atom S1200 lays claim to title of world's first 6-watt server-class processor

As part of its global business unit, Cisco announced it had teamed up with BMC Software and acquired LineSider Technologies in an effort to develop, market, and deploy cloud computing infrastructure.

FORBES: Pressure On Margins And Lower Profits Spark Cisco Sell Off Afterhours