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Pot, kettle, blue

20 September 2010 By Robert Cyran

Big Blue boss Sam Palmisano rubbished rival HP for overpriced acquisitions. Now his firm is paying $1.7 bln, a lofty 65 times expected 2010 operating profit, for data and analytics outfit Netezza. At this buzzinflated price, it will take fancy footwork to make the deal pay off.

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