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.

Apotheker, the 57-year-old German who currently resides in Paris, has a multilingual background – he can speak five languages – and enough international experience to carry forth HP’s plans.

During a conference call on Friday, Apotheker – who incidentally was the only person whom HP offered the chief executive’s job - said that HP, which, in his opinion is currently an “undervalued company”, is distinctly positioned for boom in the coming years, thanks to its diversified product lineup.

Apotheker, who takes over the reins of HP on November 1, said at the conference call: “No other company can match what HP does in the marketplace. HP should be more valuable than the sum of its parts. Software (which accounts for just 3% of the company's annual revenue of about $118 billion) is sort of the glue to make that happen.”

According to analysts, Apotheker, the ex-CEO of business-software behemoth SAP, will likely carry out Hurd’s strategy of building upon the company’s leadership in PCs and printers for extending into technology services, computer networking, security, and data storage.