January 5, 2013 |
SAN FRANCISCO - Had things gone differently, Meg Whitman might today be governor of California, fighting to turn around one of the country's most financially troubled state governments. Instead, having lost her bid for that office in November 2010, she finds herself head of Hewlett-Packard Co., struggling to fix one of the high-tech industry's most troubled giants. Save HP or California. It's hard to say which is the tougher job. It sometimes seems as if just about everything that could go wrong at HP has gone wrong in recent years.
April 15, 2010 |
Hewlett-Packard Co., the world's largest PC and printer maker, said it's cooperating with Russian and German authorities after its Moscow offices were searched Wednesday in a possible bribery investigation. German prosecutors are investigating possible corruption linked to its 35 million euro ($47.5 million) sale of computers to Russia about seven years ago. They are examining whether the company paid bribes to win the contract, said Wolfgang Klein, a spokesman at Saxony's Chief Prosecutor's Office.
March 21, 2012 |
Hewlett-Packard Co. will combine its PC and printing units into one business as the tech giant looks to improve its performance. The new Printing and Personal Systems Group will be led by Todd Bradley, who has been executive vice president of the company's PC business since 2005, the company said Wednesday. As expected, Vyomesh Joshi, executive vice president of the Imaging and Printing Group, will retire after 31 years at the Palo Alto company. HP said combining the two units would improve its market strategy, branding, supply chain and customer support.
April 16, 2010 |
Federal regulators are looking into whether Hewlett-Packard Co. employees bribed foreign officials in exchange for business abroad, HP confirmed Thursday. The Palo Alto-based computer giant said it was cooperating with the Securities and Exchange Commission and other law enforcement officials investigating the matter in Germany and Russia. The company's comments came in the wake of a Wall Street Journal report that HP's Moscow offices had been searched as part of the bribery investigation.
May 19, 2010 |
Hewlett-Packard Co., the world's largest personal computer maker, reported fiscal second-quarter earnings and sales that beat analysts' estimates. Net income in the quarter ended April 30 rose 28% to $2.2 billion, or 91 cents a share, from $1.72 billion, or 71 cents, a year earlier, the Palo Alto company said Tuesday. Excluding some costs, profit was $1.09 a share. That compared with the $1.06 average of estimates compiled by Bloomberg. Sales rose 13% to $30.8 billion. Analysts projected $29.8 billion.
November 23, 2010 |
Hewlett-Packard Co. reported a profit of $2.5 billion, or $1.10 a share, an increase of about 5% from a year earlier for a fourth quarter in which the tech giant was running largely without a chief executive. The Palo Alto company said it generated about $33.3 billion in sales during the three-month period ended Oct. 31, an increase of about 8% from a year earlier. The earnings report, issued Monday after markets closed, was rosier than analysts had predicted. HP's new chief executive, Leo Apotheker ?