Skip to comments.Massive layoffs for HP, Tesla is on fire and GameStop powers up
Posted on 05/23/2014 12:29:58 PM PDT by Hojczyk
The most newsworthy aspect of the report was that another 11 to 16,000 HP workers are going to lose their jobs. That will bring the total layoffs to about 50,000 during this most recent HP restructure as the company struggles to move from hardware into services. Since the company was removed from the Dow Jones Industrial Average last September it's up 50%, outperforming the new Dow by more than five-fold.
Hewlett Packard (HPQ) is up nearly 6% today after releasing its earnings report early yesterday afternoon... as in 30 minutes early and during market hours. Despite the snafu earnings were more or less in line in terms of earnings and revenues.
(Excerpt) Read more at finance.yahoo.com ...
The great Obama recovery ..
Tesla is on fire?.............again?................
0bama is as economically illiterate as a ground squirrel, but in fairness, I think HP has been sick and mismanaged for a long time.
Ever since Bill and Dave left....
High tech is boosting earnings by terminations.
IBM, Intel, Broadcom, Avago are all doing the same thing.
Cisco’s CEO was quoted that a shakeup is coming and IBM and HP might be the targets.
Who is the CEO of HP?
Hmmm..HP is launching a $100 Android Jelly Bean 7” tablet with decent if not great specs.
Quad core ARM Cortex-A7 processor, 1GB of RAM, 8 gigs of internal storage and expandability via a microSD slot. You also get a 1024 x 600 IPS display, low-res front and rear-facing cameras, WiFi and 25 gigs of lifetime cloud storage.
$99.99 with free shipping on Amazon. I might just go for it.
More people have more time to post on FR.
It's the "H-P Way, Rebooted."
What are we up to now? 4 years of funemployment in the Obamaconomy? These HP guys are gonna have so much fun and get to spend time with their families like never before. AND, with mandated Obamacare they can be musicians and artists and not have to worry about having a job.
I bought an HP tablet a few years ago as soon as it became available. it was hyped as the next big thing.
HP discontinued the entire product line one month after it went on the market.
Yup...I remember that ...it sucked. They sold them off cheap. Still sucked. The specs on this one, for the price, isn’t bad. BUT they are moving to service instead of hardware and release a tablet that isn’t bad for the price.
Interesting, Panasonic makes terrific car batteries but not available in the US. My car built in JAPAN had the original Panasonic for over 7 years and 90K miles.
HP has now laid off more people than they’ve hired. I thought it was an impossible feat but HP has apparently found a way to do it.
Get HP’s new 7 Plus Android tablet for $84.99
That's like saying a buggy manufacturer has some secular issues with competition from car makes, but is still a decent company.
Too many short-term knee-jerk decisions to keep stock holders happy.
Whoa...thanks! Beats my Pandigital Supernova and Entourage Edge!
tesla on fire.... wonder if the pun was intended. probably not.