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HP rumored to be considering company "break up"
- In 2011, former CEO Leo Apotheker proposed jettisoning HP's iconic PC business -- a division which suffers from notoriously anemic profit margins -- in an attempt to return HP to greater profitability. Although Apotheker's successor, Meg Whitman, canned that idea,…
HP CEO Meg Whitman addresses several issues at Gartner Symposium
- HP CEO Meg Whitman tackled a number of tough questions and laid out plans for the company moving forward during a keynote speech at the Gartner Symposium expo in Orlando, Florida earlier today.
Meg Whitman says HP will ultimately have to offer a smartphone
- Rumors of an Amazon smartphone and even one from Facebook have been littering tech sites for quite some time but now it appears that another tech giant is focusing their attention on mobile. During an interview on the Fox Business…
HP bumps layoffs up to 29,000, plans to invest more into R&D
- In May, HP announced it would be cutting 27,000 jobs worldwide or about seven percent of its total workforce. However, yesterday ZDNet broke down HP's 10-Q quarterly SEC filing which spells out the elimination of 2,000 more jobs than previously stated, making for…
HP cutting 27,000 jobs through fiscal year 2014, Q2 profit down 31%
- As rumors last week alluded to, HP announced they would be cutting 27,000 jobs as part of a restructuring plan led by CEO Meg Whitman. The reduction will eliminate eight percent of the company’s total workforce by fiscal year 2014…
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…
Weekend tech reading: How HP lost its way
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A few months after she took over as the CEO of Hewlett-Packard (HPQ) last September, Meg Whitman held one in a series of get-to-know-you meetings with employees. To say the audience, a group of software engineers and managers, was sullen would be an understatement...
HP profits drop 44 percent, CEO pleads for patience
- Veteran Silicon Valley executive Meg Whitman pleaded for patience yesterday as she revealed that HP’s first fiscal quarterly earnings (PDF) had dropped 44% due to a decline in sales across three of its key units: personal computers, printers and enterprise equipment. …
HP tried to sell WebOS to Amazon and others for $1.2 billion
- In the aftermath of HP's Touchpad blunder, the company reportedly tried to jettison its Palm / WebOS properties to potential buyers for a cool $1.2 billion. If that number looks familiar, it is because that is the same exact price HP…
HP's CEO: Investors need to lower expectations while I reform company
- Hewlett Packard released its fourth quarter results yesterday, announcing a 91-percent drop in earnings as the embattled computer giant fights the blows dealt by its failed attempts to enter the tablet market and the ousting of its former CEO, Leo…
HP planning Windows 8 tablets; webOS future uncertain
- HP is planning to release Windows 8 tablets once Microsoft launches their new operating system next year. This is good news for company faithful although HP’s WebOS mobile operating system remains in a state of uncertainty.
HP won't sell its PC business after all
- HP won't sell its PC business after all. The company finished evaluating strategic alternatives for its Personal Systems Group (PSG) today and decided that its customers, partners and shareholders would be best served if the unit remained at home. This…
Former eBay CEO Meg Whitman expected to take over at HP
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Update: It's official. Léo Apotheker is out as CEO of HP, and former eBay chief Meg Whitman will take his place. HP has seen seven CEOs come and go in the past 11 years and the current head, Leo Apotheker, has held the position for less than a year.
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