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 number one computer manufacturer of the world will spend more on research so that new software can be created that can make the company's products more attractive to consumers as stated by Apotheker yesterday. HP has forecast its profit that surpassed all the estimates given by analysts.

In addition to that the company aims to make use of its consumer technology for bolstering its business-computing products.

Apotheker who became the CEO on 1, November told analysts over a phone call that HP does have a secret formula; if they can transfer their consumer innovations into business products they can get a huge competitive advantage.

Apotheker further stated that he will hold on to the habit of the company of acquisitions. He would opt for acquisitions of software and work for enhancing growth in the developing markets.

At present stockholders are waiting to get more details to see how and when HP can transform their investments into viable products. These facts were stated by an analyst of ISI group of New York named Abhey Lamba.

Lamba stated that HP will invest more in the company's Research and Development wing. He asked investors to bet on HP shares but unfortunately he does not himself own any shares of the firm. Hr further stated that everybody will wait to see when exactly the company's expenses give back the benefits.

In the late trading of yesterday HP saw a rise of two decimal seven percent to trade at forty four decimal four one dollars after going seventy six cents up to forty three decimal two five dollars in the regular trading of the New York Stock exchange. The shares saw a loss of sixteen percent in this year and nearly seven percent since the resignation of its former CEO Mark Hurd on August, 6.