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HP planning $8 billion charge within Services segment for Q3
- HP has announced they will be shuffling executives in charge of their enterprise services unit as well as taking an $8 billion charge associated with the services segment. Furthermore, they are expecting to take a pre-tax charge of between $1.5…
Judge orders Oracle to continue support for HP's Itanium-based servers
- A California Judge has ruled in favor of Hewlett-Packard in its breach of contract lawsuit with Oracle. As a result of the verdict yesterday, Oracle is contractually obliged to continue developing software for its Silicon Valley rival, and now faces…
Hewlett-Packard planning to cut up to 30,000 jobs starting next week
- HP is expected to begin a restructuring plan next Wednesday that will coincide with the company’s quarterly earnings report. Sources claiming knowledge of the subject say that CEO Meg Whitman is prepared to announce the elimination of up to 30,000…
HP to launch Amazon Web Services competitor within 2 months
- HP is getting ready to launch a cloud computing service to rival Amazon Web Services in the next two months, according to a report by The New York Times. The move was revealed by Zorawar “Biri” Singh, senior vice president…
HP CEO still undecided on whether to jettison webOS
- Despite previous reports that Hewlett-Packard was nearing an announcement regarding the fate of its webOS operating system, chief executive Meg Whitman is still undecided. The computer giant was expected to make an announcement late yesterday evening.
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