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HP’s CEO Expands Move Into Cloud Computing, Lifts Dividend

Hewlett-Packard Co. Chief Executive Officer Leo Apotheker, announcing his strategy for the first time since taking the helm, plans a deeper push into software and the expanding market for computing delivered via the Web.

The company is starting a cloud-computing service that will let developers create applications for consumers and businesses using HP tools and that run on HP servers, Apotheker said at an event yesterday in San Francisco. HP also plans to put its WebOS mobile software onto a broader range of products, ramping up output to more than 100 million devices a year, he said. The company also announced a 50 percent increase in its dividend.