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Hewlett-Packard Co.'s profit jumped 14 percent in the latest quarter, proof that cost-cutting and a push into rival IBM Corp.'s stronghold of technology services is helping the company absorb a falloff in sales in most of its major divisions. Complete Story...
One area where Hewlett-Packard Co. is expanding aggressively is computer networking, the home turf of market leader Cisco Systems Inc. Earlier this month HP announced plans to buy Cisco competitor 3Com Corp. for $2.7 billion to supplement HP's own line of networking gear.
Hewlett-Packard Co.'s $2.7 billion takeover of 3Com Corp. is a shot at networking leader Cisco Systems Inc. — and a sign of how old relationships are being frayed by a flurry of maneuvers by technology heavyweights.
Kaufman Bros. analyst Shaw Wu doesn't think the combination of Xerox Corp. and Affiliated Computer Services Inc. will be much of a competitive threat against Hewlett-Packard Co.
Hewlett-Packard Co. said Thursday it expects to post revenue and profit in its next fiscal year in line with what analysts were expecting.
Hewlett-Packard Co. is re-branding Electronic Data Systems as HP Enterprise Services, roughly a year after buying the company in a blockbuster $13.9 billion deal.
Credit Suisse upgraded Hewlett-Packard Co. on Tuesday, calling a bottom to its printer business and pointing out improving demand for computer hardware.
Printer ink has long been Hewlett-Packard Co.'s cash cow, because it's expensive and customers refill constantly. Pressure in recent quarters has raised questions about the prospects for that part of HP's business.
Hewlett-Packard Co.'s 19 percent drop in quarterly profit shows that the company still relies heavily on printer ink and the troubled personal computer market, despite the aggressive transformation it's undertaking to branch out and encroach more on rival IBM Corp.'s turf.
With the personal computer business limping back to health, Hewlett-Packard Co. is a likely beneficiary. More details will emerge Tuesday afternoon when the world's No. 1 PC maker reports its fiscal third-quater earnings, for the three months ended July 13.
Sentencing has been postponed for a private investigator who helped Hewlett-Packard Co. unearth private telephone records of board members and journalists.
While other big technology vendors have said they've seen demand bottom out and show signs of recovery, Hewlett-Packard Co. has stayed cautious, warning it's too soon to tell when its business will improve.
Hewlett-Packard Co. said Tuesday it plans to cut 6,400 more workers — or 2 percent of the company's total work force. The cuts are on top of the 24,600 layoffs HP is doing as part of its huge acquisition of technology services provider Electronic Data Systems, and will come from its product businesses.
As a gauge of how personal computer sales are faring, Hewlett-Packard Co.'s quarterly results clouded the issue rather than provided clarity.
Hewlett-Packard Co. reports its fiscal second-quarter numbers after the market closes Tuesday. Below is a summary of key developments and analyst opinion about the period.
Hewlett-Packard Co., the world's largest computer maker, on Monday said it received a $50 million technology contract with Korea's Shinhan Bank.
Hewlett-Packard Co. cut its 2009 profit forecast Wednesday as the recession is hurting nearly all its business lines.
With sales of servers and personal computers and even printer ink taking a drubbing because of the recession, Hewlett-Packard Co. is banking on its newly beefed-up services division to help pick up some of the slack.
Hewlett-Packard Co. is scheduled to report its quarterly results Wednesday. The following is a summary of key developments and analyst opinion and commentary related to the period.
In stories Jan. 20 and Jan. 21 about Hewlett-Packard Co. CEO Mark Hurd's pay package, The Associated Press, relying on information from HP, erroneously reported that Hurd received more than $738,000 in perks in 2008. HP now says it miscalculated certain tax benefits for some executives, and that Hurd's perks were worth $662,695. Based on the new number, his total compensation of $34 million rose 30 percent from 2007, not 31 percent.
Hewlett-Packard Co. is laying off nearly 100 workers at its manufacturing plant in Puerto Rico to reduce costs.
Under three years of Mark Hurd's leadership, Hewlett-Packard Co. has added more than $30 billion in sales, seen its profit more than triple, and for that "exceptional and sustained" performance Hurd was rewarded with a $34 million pay package in the latest fiscal year.
Hewlett-Packard Co. said late Thursday that it would stop a distributor from selling its products in Iran. The computer and printer maker acknowledged that it knew the sales were occurring despite trade sanctions on Iran, but maintained it did nothing illegal and was halting the practice "to go beyond the letter of the law."
Hewlett-Packard Co. could be breaking U.S. trade sanctions by using a third-party distributor to sell printers in Iran, The Boston Globe reported Monday.
HP expects to outpace market in 2010 Hewlett-Packard is bullish on 2010. CEO Mark Hurd said Thursday at a meeting with analysts that he expects the IT industry to return to growth in 2010 and went so far as to say that HP will outpace the market.
The HP DreamScreen Not So DreamyLast week I saw some coverage of this new HP device called the DreamScreen. And more than a couple of blogs were comparing it to the elusive Apple Tablet.
Fiorina, eyeing Senate run, faces questions over HP sales in Iran - San Jose Mercury Newsexcerpt: ""Over the past dozen years, Hewlett-Packard has sold hundreds of millions of dollars worth of printers and other products to Iran through a Middle East distributor, sidestepping a U.S. ban on trade with the country.
Poor HP Earnings Dim Hopes for TechHewlett-Packard reports falling fiscal third-quarter profits amid declining demand for computers and printers.
HP recalling 70,000 laptop batteriesThe story that refuses to die gets another chapter this week, as Hewlett-Packard is recalling 70,000 notebook batteries due to a potential fire hazard.
CSIRO wins landmark wi-fi settlementThe CSIRO has won what could be a landmark settlement from Hewlett Packard over the use of patented wireless technology.
Tech Gurus Use Power of Web to Help VeteransUSAtogether has no office or employees, keeping the operation "outrageously efficient," Mahler said.
HP Violating U.S. Law By Using 3rd Party To Sell to Iran?The Boston Globe is reporting Hewlett-Packard could be breaking U.S. trade sanctions by using a third-party distributor to sell printers in Iran.
Sanctions don't stop Hewlett-Packard from selling in IranBehind an unmarked door on a crowded side street in Tehran, a stack of Hewlett-Packard printers rises to the ceiling. A fleet of motorbikes swarms outside as deliverymen wait to take printers to buyers across the sprawling capital.
HP/EDS Australia expect to cut 450Hewlett-Packard and EDS expected to cut about 7.5 per cent, [approximately 450 workers], out of their combined Australian workforce over the next three years, a spokesperson for EDS' local division said today.
Dollar stores' stocks defying the economic downturnRecession-wary shoppers aren't the only ones finding big bargains in the dollar stores. Investors are, too. The stock market might be suffering one of its most painful slumps ever, but shares of stores that sell the cheapest items are ringing up gargantuan gains.
Oracle, HP to sell hardwareORACLE, the world's No. 3 software maker is teaming up with Hewlett-Packard to sell powerful, specialised computers that companies use to analyse data on their business activities.
'Barbies for War!' McCain Economic Advisor and Former Hewlett-Packard CEO Says Palin Couldn't Run HPCarly Fiorina, the woman John McCain sent out to defend Sarah Palin and rip anyone who calls her a tabula rasa on foreign policy and the economy, admitted Tuesday that Palin was not capable of running Hewlett-Packard.
HP surprises Wall Street with size of EDS job cuts"When Hewlett-Packard Co. announced five months ago it was acquiring technology-services firm Electronic Data Systems Corp., Wall Street expected big layoffs from the combined company.
Hewlett-Packard to axe 24,600 jobsHEWLETT-PACKARD plans to cut 7.5 per cent of its workforce, or 24,600 jobs, as it attempts to realise savings from its recent acquisition of Electronic Data Systems, the technology outsourcing group.
Hewlett-Packard goes green with new notebookHewlett-Packard, responding to a challenge by Wal-Mart Stores to offer more ecologically friendly products, said Wednesday that it was selling a new notebook computer in a fabric messenger bag instead of packaging it in a box.
Takeover speculation surrounds Sun MicrosystemsA sliding share price and gloomy forecasts have prompted speculation that Sun Microsystems might be a tempting takeover target for acquisition by Hewlett-Packard, Fujitsu or another tech giant.
Overseas Sales Help Hewlett-Packard in Quarter SAN FRANCISCO — The Hewlett-Packard Company, the world's biggest computer maker, reported a higher quarterly profit on Tuesday on strong international sales in its notebook computer and printer businesses.
What Goes Around Comes AroundCompanies have their own personalities, generally adopted from founders or charismatic leaders. Some companies are gentle, others competitive, some are even cruel.
Cloud Computing's Perfect Storm?Last week, Intel, Yahoo, HP, and an international trio of research institutions announced a joint cloud-computing research initiative.
H-P, Intel and Yahoo form cloud computing initiativeHewlett-Packard Co., Intel Corp. and Yahoo Inc.
HP to Power Department of Defense Cloud Computing InfrastructureHP today announced that it will be supplying the U.S. Department of Defense (DoD) with scalable technology to enable its Defense Information Systems Agency (DISA) to deploy a cloud computing infrastructure.
Ex-Hewlett Packard executive pleads guilty to IBM theftA former vice president at Hewlett Packard has pleaded guilty to stealing trade secrets while working for IBM and has admitted to sharing the data with Hewlett Packard, the U.S. Justice Department said Friday.
Apple, HP are rated green-ishIn its latest survey of practices among makers of electronic gadgets, Greenpeace has raised the bar of what the environmental group believes is required for "green" corporate citizenship.
HP exec cuts birthday cake with MacBook AirThose that know Rahul Sood, founder of Voodoo PC and CTO of HP's global gaming business, might not be so surprised to hear he used a working MacBook Air to cut his thick, rich, chocolatey birthday cake. While wearing an HP shirt.
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