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Keyword: hewlettpackard

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  • Carly Fiorina: Ted Cruz can stop Donald Trump and Hillary Clinton

    03/21/2016 9:27:58 AM PDT · by GodGunsGuts · 57 replies
    Real Clear Politics ^ | March 20, 2016 | Carly Fiorina
    Carly Fiorina: Ted Cruz can stop Donald Trump and Hillary Clinton I ran for president because I believe it is time to take our country back from Washington and restore power to the people. I still believe that. In fact, I believe it more than ever. It is time to challenge and reform the system that has put too much economic and political power in the hands of too few. It is time to put a real constitutional conservative in the White House. My husband and I live in Virginia where we had a primary recently. While my own name...
  • Carly Fiorina ends presidential bid

    02/10/2016 3:27:21 PM PST · by TBP · 51 replies
    CNN ^ | February 10, 2016 | Eric Bradner
    Carly Fiorina is ending her bid for the Republican presidential nomination. The former Hewlett-Packard executive announced the decision on Facebook Wednesday after finishing seventh in New Hampshire's primary. "While I suspend my candidacy today, I will continue to travel this country and fight for those Americans who refuse to settle for the way things are and a status quo that no longer works for them," Fiorina said in a post. The writing was on the wall after she didn't qualify for last week's ABC News debate, and a last-minute campaign on her behalf to allow her in was unsuccessful. Fiorina's...
  • Meg Whitman seeks reinvention for HP as it prepares for a split

    11/03/2015 6:16:44 AM PST · by Cronos · 12 replies
    The New York Times ^ | 30 October 2015 | Quentin Hardy
    When HP splits in two on Sunday after a year of planning,... on one side with be HP Inc., which will largely consist of personal computers and printers. Ont he other, HP Enterprise HPE, which will sell the servers, data storage, networking, software and consulting services... each company is expected to have annual revenue of about $50 billion and will be among America's largest public companies. The story HPE is taking to corporate customers is HPE itself.Need to change your business? HPE can show you how, executives say. After all, few companies have gone to greater lengths to change.Since Oct....
  • Trump's 7 Words for Fiorina Say Everything We Need to Know About Her Time as CEO

    09/23/2015 3:37:23 PM PDT · by conservativejoy · 26 replies
    Western Journalism ^ | 9/23/2015 | Sandy Desoto
    Some who know Fiorina’s business background believe her ascension to the White House would be ruinous for the nation. One candidate has seen her fortunes rise following a stand-out debate performance last week: Carly Fiorina. The former corporate leader shot up from well back in the polls to second place in the pack, with 15 percent support, while Trump’s lead fell from 32 to 24 percent. However, some who know Fiorina’s business background believe her ascension to the White House would be ruinous for the nation. During last week’s CNN debate, her time as Hewlett-Packard CEO came under scrutiny. Moderator...
  • HP didn't actually fire all the employees it threatened to cut

    09/22/2015 1:36:42 PM PDT · by SeekAndFind · 5 replies
    Business Insider ^ | 09/22/2015 | Julie Bort
    HP's plan to shift workers off its payroll and have them work as contract workers for a partner named Ciber isn't going exactly as planned, multiple sources have told Business Insider. HP didn't actually follow through with its threat to fire all of the employees if they refused the new job offer. A few of the employees who refused the new offer are now being asked to stay on at HP as if no layoff ultimatum ever happened. To recap: HP told several hundred employees in its Enterprise Services division, HP's consulting unit, that HP had lined up a new...
  • Fiorina doesn’t have what it takes to be a CEO or a President

    09/20/2015 8:36:18 AM PDT · by Oldpuppymax · 4 replies
    Coach is Right ^ | 9/20/15 | Suzanne Eovaldi
    So as CNN ginned up its debate format to boost its ad rates from $5,000 per spot to a dense $200,000 and more, the three hour descent into the successful male versus female, exercise in futility played out. Here is how another female saw the stage show. Donald Trump began his campaign with a theme of “Competence,” rather than “Political Correctness” and that is what we saw. Trump ran the table. He was split-screened with the other speakers, thereby increasing his optics meter. We saw The Donald in front of Ronald Reagan’s Air Force 1. We saw him respond with...
  • Don’t Listen To Trump: Here’s the Truth About Carly Fiorina’s Business Record

    09/16/2015 6:40:09 PM PDT · by SeekAndFind · 104 replies
    IJReview ^ | 09/16/2015 | Liz Mair
    Earlier this week, someone who had read my piece about Donald Trump’s less-than-A+ record in business asked me if I’d write something about Carly Fiorina’s business record and why I think despite Democratic and Trumpette knocks on it, it actually indicates that she would do a good job as President (full disclosure: I have worked with and consulted for Carly Fiorina in the past). With that in mind, here goes nothing.First, let’s start broad brush, with the basic recognition that Carly Fiorina is a self-made woman. Unlike Trump, she comes from a family of academic types, not business people—let alone...
  • Hewlett-Packard Plans To Cut Up To 30,000 Jobs

    09/16/2015 3:47:51 AM PDT · by CutePuppy · 36 replies
    IBD ^ | 2015 September 15 | Russ Britt
    <p>Short columns must be excerpted to 50% at all times.</p>
  • The CEO and the CIA (Fiorina)

    09/06/2015 7:29:34 AM PDT · by RoosterRedux · 8 replies
    NRO ^ | Jim Geraghty
    One week after 9/11, Michael Hayden, the director of the National Security Agency, the electronic surveillance arm of the U.S. government, had a long list of problems. High on the list was the fact that the NSA needed a ton of new high-tech equipment, particularly servers, right away, to handle a vastly expanded, critically important workload. Hayden called up the CEO of Hewlett Packard, Carly Fiorina. “HP made precisely the equipment we needed, and we needed in bulk,” says Robert Deitz, who was general counsel at the NSA from 1998 to 2006. Deitz recalls that a tractor-trailer full of HP...
  • Meh (Fiorina)

    09/02/2015 5:02:47 AM PDT · by SatinDoll · 19 replies
    The Market-Ticker ^ | Sept. 2, 2015 | Karl Denninger
    And? CNN said Tuesday it is amending the criteria for candidates to qualify for its Republican presidential debate later this month, possibly clearing the way for contender Carly Fiorina to be part of the main-stage debate. Fiorina has battled for weeks to be included in the Sept. 16 main event, arguing that CNN was relying too heavily on old polling to determine which candidates would make the top-10 cut. Frankly, I don't get it. What does Fiorina bring to the party? She was a disaster at HP; not only did she get fired by the board the company lost half...
  • Carly Fiorina as a boss: The disappointing truth

    08/16/2015 11:14:00 AM PDT · by jimbo123 · 29 replies
    Fortune ^ | 8/14/15 | Jeffrey Sonnenfeld
    She’s running for President on her track record as CEO of HP, but if that’s the case, Fiorina might want to rethink her strategy. -snip- Still, with a scant 5% of Fortune 500 firms employing women CEOs, her leadership of a huge global enterprise in the macho field of IT is impressive. But how did she do? The answer in short is: Pretty badly. In 1999, a dysfunctional HP board committee, filled with its own poisoned politics, hired her with no CEO experience, nor interviews with the full board. Fired in 2005, after six years in office, several leading publications...
  • Carly Fiorina’s Business Record: Not So Sterling

    08/18/2015 10:31:24 AM PDT · by SeekAndFind · 29 replies
    New York Times ^ | 08/18/2015 | Andrew Ross Sorkin
    “I come from a world outside of politics, where track records and accomplishments count.” Those were the words of Carly Fiorina, a Republican candidate for president, earlier this year. Readers of the business pages know her as the former chief executive of Hewlett-Packard. For much of this early campaign season, in the crowded field of Republican candidates, Mrs. Fiorina didn’t look as if she had much of a chance at the White House. But recently, in the afterglow of her impressive performance in the first Republican debate, Mrs. Fiorina has begun to make significant gains in the polls that have...
  • Dirty Money and State Collapse - (Did Carly bribe Putin into Power?)

    08/16/2015 10:08:35 PM PDT · by Prospero · 14 replies
    CORRECT!V ^ | 7/24/2015 | David Crawford & Marcus Bensmann
    Dirty money from the US computer company Hewlett-Packard helped Russia’s autocrat Vladimir Putin secure his power. The Leipzig State Court will soon make a ruling on a large corruption case. The prosecution accuses the US computer company Hewlett-Packard of paying at least 7.6 million Euros in bribes to Russian officials to secure a dominant position in the Russian market. But in reality, the documents reveal a much greater scandal. It was Vladimir Putin who enabled this corruption scandal. The bribe money from HP ensured Putin the loyalty of a clique of state attorneys. And helped him take control of the...
  • Carly Fiorina as a boss: The disappointing truth

    08/15/2015 7:54:21 AM PDT · by conservative98 · 34 replies
    Fortune ^ | August 14, 2015 | Jeffrey Sonnenfeld
    She’s running for President on her track record as CEO of HP, but if that’s the case, Fiorina might want to rethink her strategy. Fresh from strong debate quips, Carly Fiorina has improbably raced from 14th to fifth place in the New Hampshire Republican primary polls and now enjoys a 70% favorability rating in Iowa, ahead of such career politicians as Jeb Bush, Marco Rubio, John Kasich, Rand Paul, Chris Christie, Rick Perry, George Pataki, and Lindsay Graham. It is time to take her candidacy seriously and examine her leadership record. Having never held elected office, she has staked her...
  • Fiorina: 'I Will Not Replace a Single' Retiring Federal Worker

    08/10/2015 10:19:40 AM PDT · by Hojczyk · 83 replies
    CNS News.com ^ | August 10, 2015 | Susan Jones
    We have never succeeded in shrinking the size of government," Republican Carly Fiorina told "Fox News Sunday." She said she would do it. "We have a bunch of baby boomers who are going to retire out of the federal government over the next five to six years. I will not replace a single one," she promised. "And yes, we need to actually get about the business of reducing the size, the power, the cost, complexity and corruption of this federal government." Host Chris Wallace played a video clip of Democratic National Committee Chair Debbie Wasserman Schultz (D-Fla.) criticizing Fiorina for...
  • Moron so-called ‘fact checkers’ at Politifact humiliate themselves with Fiorina item

    05/12/2015 2:53:50 PM PDT · by Sean_Anthony · 9 replies
    Canada Free Press ^ | Dan Calabrese
    This entire phony genre of journalism is now well beyond embarrassing. Do you know what a fact is? That’s easy. Of course you do. Fact is an objective truth not subject to interpretation or dispute. Water is liquid if it’s above 32 degrees Fahrenheit. That’s a fact. Thursday comes after Wednesday. That’s a fact. The address of the White House is 1600 Pennsylvania Avenue. People who deal in actual facts can recognize that an assertion is either fact-based or its not. It’s really not that complicated. That’s for normal people who understand what a fact is. But there are other...
  • Flashback: Hewlett-Packard Top Executive Ousted (Fiorina)

    03/30/2015 9:32:41 AM PDT · by Timber Rattler · 26 replies
    AP, via NBCNews.com ^ | 2/9/2005 | AP, via NBCNews.com
    Carly Fiorina’s nearly six-year reign at Hewlett-Packard Co. ended abruptly Wednesday as board members forced her out, disappointed by her inability to transform a plodding technology giant dominated by printer sales into a more nimble innovator. H-P’s stock, which has gone nowhere for two years and is down two-thirds from its peak in 2000, rose almost 7 percent after earlier soaring almost 11 percent on the news of her ouster. Board members said they fired the chief executive — perhaps corporate America’s most influential woman — because Fiorina failed to slash costs and boost revenue as quickly as directors had...
  • This Is Why Hewlett-Packard Is Firing 58,000

    02/25/2015 7:19:07 AM PST · by SeekAndFind · 55 replies
    Zero Hedge ^ | 02/25/2015 | Tyler Durden
    The biggest scandal in today's release of Hewlett Packard Q1 earnings was not that, just as the Nasdaq is knocking on 5000's door, it reported revenues of $26.8 billion missing consensus expectations of $27.3 billion, while beating non-GAAP EPS by 1 cent to $0.92 (up from $0.90 a year ago) entirely due to a massive reduction in outstanding stock and some truly gargantuan non-GAAP addbacks (GAAP EPS declined from $0.74 a year ago to $0.73) pushing the stock down 7% after hours. The biggest scandal was the company announced that having cut 44,000 workers so far, it will cut...
  • The Deadbeat Candidate

    12/28/2014 5:46:04 AM PST · by Kaslin · 20 replies
    Townhall.com ^ | December 28, 2014 | Debra J. Saunders
    Carly Fiorina is gearing up to run for president. National Journal reports she already has begun hiring staff. Fiorina has run for office only once, as the Republican challenger to Sen. Barbara Boxer of California in 2010 -- and she lost. Still, the former Hewlett-Packard CEO won prime attention by running and losing. She's on "Meet the Press" all the time. She's still rich and still good-looking. (In 2010, Fiorina and husband Frank claimed a combined net worth of $30 million to $120 million.) Insiders think she's probably running for vice president; if Hillary Clinton is the Dems' nominee, the...
  • Texas Sen. Ted Cruz speaking at CPAC, but first, headlining Zionist Org. of America awards in NYC

    11/18/2014 11:17:24 AM PST · by 2ndDivisionVet · 8 replies
    The New York Daily News ^ | November 18, 2014 | Celeste Katz
    Republican Texas Sen. and likely 2016 White House competitor Ted Cruz will speak at next February's Conservative Political Action Conference -- but first he'll be honored in Manhattan by the Zionist Organization of America. The ZOA, which calls itself the nation's "oldest pro-Israel organization," will give Cruz the Dr. Bob Shillman Award at its annual Justice Louis D. Brandeis dinner on Nov. 23. The Shillman Award goes to "an outstanding pro-Israel U.S. legislator who has a consistent and extraordinary record supporting Israel and promoting strong U.S.-Israel relations." It will be presented to Cruz at the Grand Hyatt in midtown by...
  • HP Increases Layoffs AGAIN To 55,000, And More Cuts Are Likely

    10/06/2014 12:53:17 PM PDT · by SeekAndFind · 29 replies
    Yahoo Finance via Business Insider ^ | 10/06/2014 | Julie Bort
    As HP cleaves itself in two, the company will also trim another 5,000 employees from its payroll. And even that won't be the end of a massive multiyear layoff that grows bigger every few months, HP CEO Meg Whitman essentially told CNBC's Dan Farber on Monday. HP first announced its layoffs plans in 2012. Back then, HP said it would cut 27,000. By June of this year, it had doubled the target, to 50,000, with 36,000 employees already gone. On Monday, it bumped up the new layoff target, yet again, to 55,000. Even so, HP remains an enormous employer, with...
  • Hewlett-Packard to Split in Two, Cut 5,000 More Jobs

    10/06/2014 8:15:47 AM PDT · by SeekAndFind · 13 replies
    Daily Finance ^ | 10/06/2014 | Supantha Mukherjee and Edwin Chan
    Hewlett-Packard (HPQ) said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations, and eliminate another 5,000 jobs as part of its turnaround plan. HP said its shareholders would own a stake in both businesses through a tax-free transaction next year, the details of which still needed to be worked out. Each business contributes about half of HP's revenue and profit. Shares of the 75-year-old company, which has struggled to adapt to the new era of mobile and online computing, were up 4 percent at $36.60 in early trading...
  • Pro-Palestinian group marches to protest Hewlett-Packard

    08/12/2014 3:59:57 PM PDT · by BlatherNaut · 7 replies
    Boston Herald ^ | 8/12/14 | O'Ryan Johnson
    Pro-Palestinian protesters marched from downtown to the Boston Convention & Exhibition Center last night to protest technology giant Hewlett-Packard over its Israeli business. “I want to make sure that Hewlett-Packard cannot have a conference without being greeted by 1,000 protesters,” said Liza Behrendt with Jewish Voice for Peace Boston. Hewlett-Packard has been targeted by protesters over technology used by 
Israel in operations involving Palestinians, according to news reports. Hewlett-Packard said in a statement last night: “HP has been strongly committed to socially responsible business practices throughout its 75-year history. It is not our policy to take sides in political disputes...
  • HP Will Bet the Company on a Combination of Memristors and Silicon Photonics

    06/13/2014 2:28:36 PM PDT · by Red Badger · 24 replies
    nextbigfuture.com ^ | 06-12-2014 | Brian Wang
    Hewlett-Packard has kicked off an ambitious project that aims at nothing less than reinventing the basic architecture of computers. It looks like servers are its initial target, but HP is also working on an Android version that it says could lead to smartphones with 100TB of storage. HP said Wednesday it was working on a new computer architecture, dubbed The Machine, based on memristors and silicon photonics. Bloomberg Businessweek reports up to 75% of HP’s once fairly illustrious R&D division — HP Labs – are working on The Machine. In the words of HP Labs, The Machine will be a...
  • HP Unveils Revolutionary Computer That Could Shrink A Data Center To The Size Of A Refrigerator

    06/12/2014 9:06:52 AM PDT · by SeekAndFind · 24 replies
    Business Insider ^ | 06/12/2014 | Julie Bort
    HP demonstrated on Wednesday a breakthrough computer project from HP Labs known internally as "The Machine." The new computer was the highlight of a keynote speech by CEO Meg Whitman and CTO Martin Fink, the head of HP Labs, at the company's HP Discover customer conference being held this week in Las Vegas. The Machine is a project that, if successful, could replace a giant data center worth of gear with a computer the size of a refrigerator, reports Businessweek's Ashlee Vance. More importantly, it will instantly process mind-boggling amounts of data while sipping only a tiny bit of energy....
  • Democrats squawk as cracks form in immigration coalition

    04/04/2014 9:23:09 AM PDT · by Second Amendment First · 15 replies
    Washington Examiner ^ | APRIL 3, 2014 | Byron York
    Immigration reform advocates are fond of citing broad support for their cause. But in fact the coalition behind the Senate Gang of Eight comprehensive reform bill is fragile and loosely cobbled together. How could Big Labor and the Chamber of Commerce and the tech world and Big Agriculture all unite behind one bill? Very tentatively. It wouldn't take much to break the coalition apart. And if that happens, the effort to enact comprehensive immigration reform could blow up, not just for the moment, but for some time to come. And there are signs that is exactly what is occurring now....
  • Jesse Jackson to take on Silicon Valley’s lack of diversity

    03/18/2014 4:22:38 PM PDT · by jazusamo · 91 replies
    The Washington Times - AP ^ | March 18, 2014 | Martha Mendoza & Jesse Washington
    SAN JOSE, Calif. — Rev. Jesse Jackson plans to lead a delegation to the Hewlett Packard annual shareholder meeting on Wednesday to bring attention to Silicon Valley’s poor record of including blacks and Latinos in hiring, board appointments and startup funding. Jackson’s strategy borrows from the traditional civil rights era playbook of shaming companies to prod them into transformation. Now he is bringing it to the age of social media and a booming tech industry known for its disruptive innovation.
  • HHS swapping Verizon with Hewlett-Packard for Healthcare.gov

    11/27/2013 6:10:08 PM PST · by matt04 · 21 replies
    The Department of Health and Human Services has tapped Hewlett-Packard to replace Verizon Communications' Terremark subsidiary as the Web-hosting provider for HealthCare.gov, the federal health insurance marketplace that has had a troubled rollout since launching in October. A spokesman for the Centers for Medicare & Medicaid Services division confirmed the move Wednesday but noted that the change in providers had been contracted well before the website launched. "As we think about the overall performance and functionality of the site, redundancy is a critical part of our planning and we are working to ensure it in all aspects of the system,"...
  • Whitman: HP will enter 3D printing but not via acquisition

    11/26/2013 8:58:41 PM PST · by 2ndDivisionVet · 53 replies
    GigaOM ^ | November 26, 2013 | Barb Darrow
    Hewlett-Packard will enter the growing 3D printer market next year and will do it organically, not by acquisition, CEO Meg Whitman told analysts on the company’s fourth quarter earnings call Tuesday night. Whitman made the remarks, which echo statements she made last month, in answer to an analyst’s question about HP’s plans for this market. 3D printers can manufacture everything from toys to automotive parts. Many of us have wondered why HP, which has been a power in conventional inkjet and laser printing for decades, has let this market lie fallow – except for a past partnership with Stratasys, a...
  • The Interview: Carly Fiorina (Life after HP and a U.S. Senate run)

    09/14/2013 11:54:34 AM PDT · by nickcarraway · 19 replies
    NBC Bay Area ^ | Friday, Sep 13, 2013 | Raj Mathai, Liza Meak, and Alex Bozovic
    Raj Mathai sits down for a rare one-on-one interview with former HP CEO Carly Fiorina. Carly Fiorina's been out of the spotlight for nearly three years, after losing a hard-fought U.S. Senate race to longtime Democratic incumbent Barbara Boxer. So what's the former Hewlett-Packard CEO doing these days? "I'm not doing any one thing full-time, and that's the biggest difference," Fiorina said. "I remain engaged politically, but I'm at the stage in my life now where I choose the things I can do and that's a wonderful place to be." These days, Fiorina splits her time between Sausalito and Virginia....
  • Hewlett Packard Could Have Been Apple, But It Made 5 Poor Decisions

    02/01/2013 9:53:34 AM PST · by SeekAndFind · 22 replies
    Business Insider ^ | 02/01/2013 | Julie Bort
    Back in the 1970's Steve Wozniak worked for Hewlett Packard designing its hit product, engineering calculators. At night and on the weekends, often in his HP cubicle, he tinkered on a little project that would one day become the Apple I computer. Woz designed the hardware, circuit boards and operating system for the Apple I. Woz took his pet project to HP and "begged" them to manufacture the PC, he told Georgia State University students on Wednesday. "Five times they turned me down," the Atlanta Business Chronicle quotes Wozniak from his lecture. When Steve Jobs saw the Apple I, he...
  • Huawei linked to plan to sell restricted equipment to Iran

    12/31/2012 3:49:42 AM PST · by Olog-hai · 2 replies
    CNET ^ | December 30, 2012 7:34 PM PST | Steven Musil
    Already considered a potential threat to U.S. national security, Huawei is again finding itself under scrutiny, linked to an offer to sell embargoed computer equipment to Iran. A major partner of the Chinese telecommunications gear maker offered to provide €1.3 million ($1.7 million) of Hewlett-Packard computer equipment to Iran in 2010, according to documents reviewed by Reuters. However, Huawei says neither it nor Hong Kong-based Skycom, its privately owned partner, provided the equipment to Mobile Telecommunication Co of Iran, known as MCI. …
  • Hewlett-Packard says it’s the victim of fictitious accounting at company it acquired

    11/20/2012 9:28:22 AM PST · by mojito · 41 replies
    WaPo ^ | 11/120/2012 | Unattributed
    Hewlett-Packard Co. said that a British company it bought for $9.7 billion last year lied about its finances, resulting in a massive write-down of the value of the business. CEO Meg Whitman avoided calling it a fraud, but said Tuesday that there were “serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy Corporation PLC.” HP is taking an $8.8 billion charge in its latest quarter largely to align the accounting value of Autonomy with its real value. The revelation is another blow for HP, which is struggling to reinvent itself as PC and printer sales shrink. Its shares hit...
  • Hewlett-Packard edged out as biggest personal-computer seller, according to industry report

    10/10/2012 5:34:34 PM PDT · by SeekAndFind · 7 replies
    Mercury News ^ | 10/10/2012 | Steve Johnson
    Amid a global slump in personal computer sales, Hewlett-Packard (HPQ) has relinquished its position as the world's biggest PC seller for the first time in five years, one research firm reported Wednesday, while another had the Palo Alto technology giant clinging to the top spot. The bad news for HP was compounded by an additional report Wednesday that PC shipments from computer makers for the year would likely shrink about 1 percent, with the last such drop recorded during the dot-com bust of 2001. "HP has given up the PC vendor position for the first time since the third quarter...
  • HP and IBM: Two paths, one future: The two giants have very different philosophies.

    09/20/2012 3:08:04 PM PDT · by SeekAndFind · 11 replies
    Fortune ^ | 09/20/2012 | By Kevin Kelleher
    On the face of it, Hewlett-Packard and IBM have a lot in common. Both are storied brands with rich legacies that shaped high-tech. Both are working with companies large and small to help manage their technology. Both are angling for a piece of the markets -- like cloud computing and big data -- that promise years of growth. And both have new chief executive officers: Meg Whitman moved into HP's (HPQ) CEO office a year ago; Virginia Rometty took the reins at IBM (IBM) in January. Both companies share a similar vision for success. And both face similar challenges to...
  • HP’s Historic Loss: Can Meg Whitman Save the PC Giant? Can Anyone?

    08/23/2012 8:59:45 AM PDT · by SeekAndFind · 26 replies
    Yahoo Finance ^ | 08/23/2012 | Stacy Curtin
    Hewlett Packard (HPQ) reported its worst quarterly loss in its 73-year history Wednesday. The PC-maker suffered an $8.9 billion loss in its fiscal third-quarter, or $4.49 a share. The hit to HP's bottom line was due in large part to an $8 billion write-off of its 2008 acquisition of Electronic Data Systems Corp. (EDS) Excluding one-time charges, HP earned $2 billion in the quarter, down from $2.3 billion a year-ago amid a 5 percent drop in overall revenues to $29.7 billion. The company's major PC business slowed in the quarter as sales dropped 10 percent from the previous year. Printer...
  • HP to cut 27,000 jobs

    05/23/2012 2:22:48 PM PDT · by Lorianne · 22 replies
    CNN Money ^ | 23 May 2012 | Dave Goldman
    Hewlett-Packard announced Wednesday that it is slashing 27,000 jobs in a widely expected maneuver aimed at slimming down the struggling tech giant. The company expects the layoffs, which amount to 8% of its worldwide workforce, to save $3 billion to $3.5 billion by the end of 2014. The majority of that savings will be reinvested in research and development, HP said. The changes "will further streamline our operations, improve our processes, and remove complexity from our business," Meg Whitman, HP's CEO, said in a prepared statement. "While some of these actions are difficult because they involve the loss of jobs,...
  • Hewlett-Packard To Lay Off 27,000 Employees; 2Q Profit Down 31%

    05/23/2012 2:05:15 PM PDT · by matt04 · 131 replies
    Hewlett-Packard Co. (HPQ) unveiled plans to lay off 27,000 employees as the technology giant also reported its fiscal second-quarter earnings slumped 31% amid relatively flat revenue in its personal computer business and lower sales in its printing segment. However, shares were up 7% at $22.46 in recent after-hours trading as earnings beat the company's expectations and as the company raised its full-year view. The company said it plans to lay off about 8% of its workforce by the end of fiscal 2014. Its restructuring plans are expected to generate annualized savings of between $3 billion and $3.5 billion by 2014,...
  • HP’s Whitman to Announce Restructuring Plan Wednesday; 30,000 Jobs Targeted

    05/17/2012 3:37:09 PM PDT · by John W · 10 replies
    All Things D ^ | May 17, 2012 | Arik Hesseldahl
    The daunting task of restructuring Hewlett-Packard will begin in earnest next Wednesday when the company reports its quarterly earnings. Sources familiar with the company’s plans say that CEO Meg Whitman will discuss the opening steps of a company-wide restructuring plan that will include the elimination of about 30,000 jobs. A report by Business Insider yesterday pegged the range of cuts at HP to between 10 percent and 15 percent of its current work force of 320,000 people. But sources familiar with HP’s plans tell AllThingsD that the cuts will be carried out over a relatively long period of time, perhaps...
  • HP mulls cutting at least 25,000 jobs: sources

    05/17/2012 1:02:03 PM PDT · by Kartographer · 12 replies
    Reuters via Yahoo News ^ | 5/17/12 | Poornima Gupta
    Hewlett-Packard Co is considering cutting its workforce by 8 to 10 percent, or a minimum of 25,000 jobs, sources familiar with the matter told Reuters, as newly installed CEO Meg Whitman strives to return the storied Silicon Valley institution to growth.
  • HP Is Not Apple, Meg Whitman Is Not Steve Jobs, But Here's Why I'm Bullish Anyway

    11/17/2011 7:02:11 AM PST · by SeekAndFind · 11 replies
    Forbes ^ | 11/17/2011 | Rich Karlgaard
    In late September, when Steve Jobs was a fortnight from his long night, HP, whose co-founder Bill Hewlett had once chatted with and inspired the high-schooler Jobs, named Meg Whitman as its latest CEO. Meg Whitman has many positive and unappreciated qualities, but no one has ever compared her to Steve Jobs. He was the West Coast acid-dropping dropout and seeker; she was the East Coast Ivy Leaguer who kept her nose clean. Her rise up the corporate ladder to eBay was as predictable as any Harvard Business School grad’s can be: Disney, Procter and Gamble, Bain Capital. Even her...
  • Is HP's board the worst ever? (Ousts CEO, Apotheker Only to Replace him with Meg Whitman)

    09/22/2011 2:53:26 PM PDT · by SeekAndFind · 16 replies
    CNN Money ^ | 09/22/2011 | By Julianne Pepitone
    The process of firing a CEO is always full of drama -- just ask Yahoo. But Hewlett-Packard's board has taken it to a new level. It's all but certain that members of HP's (HPQ, Fortune 500) own board leaked the big news -- that they were planning to oust CEO Léo Apotheker -- to media outlets including Fortune on Wednesday. The leak hit before HP finally made an official announcement on Thursday, saying it had replaced Apotheker with former eBay (EBAY, Fortune 500) head Meg Whitman. The surreal spectacle raised the bar for boardroom dysfunction. "These guys are a bunch...
  • Breaking: Meg Whitman named CEO of HP.

    09/22/2011 1:17:35 PM PDT · by Lazlo in PA · 71 replies
    WS Journal ^ | 09-22-11 | WSJ
    Breaking. Just a banner.
  • Whitman Considered for HP CEO: Report

    09/21/2011 10:50:09 AM PDT · by nickcarraway · 6 replies
    NBC Bay Area ^ | Wednesday, Sep 21, 2011 | RJ Middleton
    All Things D reports that former eBay CEO, gubernatorial candidate could replace Apotheker. Silicon Valley veteran and politically connected former eBay CEO Meg Whitman is being considered to replace Leo Apotheker as Hewlett-Packard's CEO, according to sources speaking with All Things D. The NYSE seems to be on board, as HP stock spiked after the rumors surfaced. (You can follow the stock in real time here.) Apotheker's recent moves -- shuttering TouchPad, WebOS and shopping the PC business -- has left at least 500 people out of work. Those layoffs were announced this morning. The TouchPad was on shelves only...
  • Thinking The Unthinkable: Is Oracle Considering Buying Hewlett-Packard?

    08/23/2011 7:52:35 AM PDT · by SeekAndFind · 29 replies · 1+ views
    Forbes ^ | 08/23/2011 | Eric Savitz
    In what would be Larry Ellison‘s crowning achievement if he could pull it off, the market is buzzing over the idea that Oracle could make a run at Hewlett-Packard. This idea stems from a New York Post story Sunday, which asserts that the sell-off in the stock last week has “put the world’s largest tech company in a vulnerable position and may make it an Oracle takeover target.” The piece says that “one source close to the situation” thinks Ellison is ready to pounce, and that a deal is “inevitable” if HP’s share price keeps dropping. The source told the...
  • Advances Offer Path to Shrink Computer Chip

    08/31/2010 12:58:52 AM PDT · by neverdem · 19 replies · 1+ views
    NY Times ^ | August 30, 2010 | JOHN MARKOFF
    Scientists at Rice University and Hewlett-Packard are reporting this week that they can overcome a fundamental barrier to the continued rapid miniaturization of computer memory that has been the basis for the consumer electronics revolution. In recent years the limits of physics and finance faced by chip makers had loomed so large that experts feared a slowdown in the pace of miniaturization that would act like a brake on the ability to pack ever more power into ever smaller devices like laptops, smartphones and digital cameras. But the new announcements, along with competing technologies being pursued by companies like IBM...
  • Hewlett-Packard shares tumble on ex-CEO Mark Hurd's shock exit over sex harassment probe

    08/09/2010 4:07:54 PM PDT · by SeekAndFind · 11 replies
    Vancouver Sun ^ | 08/08/2010 | Ritsuko Ando
    Hewlett-Packard Co's stock looks like a bargain, analysts said, but uncertainty may limit its gains until the company finds a CEO to replace Mark Hurd, who quit over a scandal with a female contractor. HP's share price, which had doubled since Hurd took the helm five years ago, fell eight per cent to close at $42.60 on Monday on the New York Stock Exchange (all figures in U.S. dollars unless otherwise noted). The company said last Friday that an investigation found that Hurd had falsified expense reports to conceal a relationship with a female contractor, identified as 50-year-old actress Jodie...
  • Contractor Linked to Former H-P CEO Hurd Disclosed

    08/08/2010 4:22:14 PM PDT · by NativeNewYorker · 55 replies · 1+ views
    The marketing contractor linked to former Hewlett-Packard Co. Chief Executive Mark Hurd is Jodie Fisher, an actress who most recently appeared in the reality TV show "Age of Love."
  • H-P Chief Quits in Scandal

    08/06/2010 3:03:46 PM PDT · by ken in texas · 54 replies
    WSJ Online ^ | 6 Aug 2010 | KEVIN KINGSBURY
    Excerpt: Hewlett-Packard Co. Chairman and Chief Executive Mark Hurd has resigned in the wake of a sexual-harassment investigation.
  • Fiorina Approvingly Cites Her Work With Jesse Jackson

    06/01/2010 8:10:46 PM PDT · by pissant · 17 replies · 458+ views
    American Spectator ^ | 1/22/10 | Phil Klein
    Via Red State, I find disturbing audio of California Republican Senate candidate Carly Fiorina, speaking in glowing terms about Jesse Jackson, who she did work with while at Hewlett Packard. Here's what she had to say: "And I thought about something that the Reverend Jesse Jackson said to me several years ago. He very graciously came to the offices of Hewlett Packard to visit me, because we were doing some work together for his Rainbow Coalition. And he said to me, 'You know, Carly, every game is better when everybody gets to play.' And I thought it was such a...