The new chief executive officer of Hewlett- Packard Co. Leo Apotheker told the Wall Street about his plans of running the Co. He stated that he won't be curtailing costs because he has plans of spending more money for developing and selling the firm's technology.

The appointment of Leo Apotheker as the new Hewlett-Packard CEO may come in handy for the company, especially as it coincides with the company’s implementation of overseas expansion plans as well as its bringing together of a wide range of products and services across different technologies.

According to an analysis by James F. Reda Associates LLC, the new Hewlett-Packard (HP) CEO Leo Apotheker will get rich compensation package – one that will be even more generous than the pay package initially received by his predecessor Mark Hurd, who resigned on August 6 after an internal investigation found him in violation of HP’s code of business conduct.

Even though it was being widely anticipated that an outsider will likely head Hewlett-Packard (HP), after the sudden ouster of the company’s CEO Mark Hurd on August 6, most industry observers have been taken aback by the announcement of Leo Apotheker - the ex-head of German software company SAP – as the new HP chief executive.

SAP AG Chief Executive Officer Leo Apotheker, who resigned unexpectedly, told employees that he did what was best for the company during a “brutal economic crisis”. Apotheker, 56, had struggled with both customer and employee discontent.

Sales tumbled at SAP last year, while Oracle Corp. claimed market-share gains.