The company's shares slump on news that buyout talks have come to an end.
Clients struggle to manage their exploding data storage requirements using outdated legacy storage infrastructure, says HP.
In today's technology roundup: Apple eyes post-PC era dominance, Web titans promote IPv6, Sony shutters another site, and iOS 5 beta jailbroken in 24 hours.
Under the deal IBM is expected to take over IIFL's full information technology operations.
The company is set to unveil a new tablet in July and it will be powered by Android's Honeycomb.
The company revealed several converged infrastructure solutions that it claims will improve, simplify and speed up IT delivery.
The new release is Samsung's first device to operate on the Windows Phone 7 platform.
Between 20 and 25 people could be out of a job by the end of the month, as the company restructures a local unit.
The P6000 EVA has the ability to lower the data centre footprint with twice the enterprise capacity in the same rack space, says HP.
The company wants to grow its presence in the managed print services arena.
The EcoPOD will be available in EMEA in early 2012, says HP.
The company's Converged Storage portfolio includes virtualised and utility solutions that span every major storage protocol.
The tech giant unveiled Inspirion notebooks to compete with Apple Macbook Air and Sony Vaio.