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Five months after taking over the top spot from ousted chief Mark Hurd, new CEO Leo Apotheker spelled out his plan to transform HP. The goal: Dominate cloud computing, encouraging consumers and businesses to use HP hardware to connect with public and private networks.To do so, the company will draw heavily on recent acquisitions, including last year’s $2.7 billion purchase of 3Com and its $1.2 billion buyout of Palm.

Already the world’s biggest PC manufacturer, HP secured a partnership with IBM to become the world’s biggest seller of servers. —P.N.