Aside from regulatory issues, it appears very possible within the next 12 months. Price per share being floated is $20/share.
Why would a software company want a hardware company? It's not like hp had some universally used Swiss Army knife software like Sun's Java.
And why would the ailing Dell want to double down on commodity products? Dell buying HP would have been like Compaq buying HP.
Finally, IBM already sold off its laptop business and its printer business. There''s nothing special about the HP flavors of either.