August 1, 2012 |
A California judge has ruled that Oracle Corp. is contractually obligated to continue developing software for Hewlett-Packard Co.'s Itanium-based servers. The decision Wednesday by Judge James P. Kleinberg in San Jose advances Hewlett-Packard's lawsuit to a jury trial to determine whether Oracle broke the contract and what, if any, damages should be awarded. Both sides have 15 days to file an objection to the decision, the judge said. The judge agreed with Hewlett-Packard that Oracle made a commitment to support Intel Corp.
July 5, 2012 |
SAN JOSE — Hewlett-Packard Co.'s storied yet faltering business is expected to take nearly half a decade to turn around, but a looming question is whether investors will give the company and its new chief executive, Meg Whitman, that much time. Its investors have reason to be restless. Many of them have watched the Silicon Valley leviathan struggle to find its way amid heightened competition complicated by a succession of management missteps and purges. And to keep shareholders from jumping ship or demanding the heads of more executives, some analysts say, HP needs to start showing marked advances sooner rather than later.
May 24, 2012 |
Hewlett-Packard Co., battered by declining profits and tech rivals with flashier hand-held devices, is slashing 27,000 jobs, or 8% of its workforce. The Silicon Valley tech firm, one of the world's largest computer makers with nearly 325,000 employees, said the job reductions - through layoffs and a voluntary early retirement program - would occur by the end of fiscal 2014. The cuts are expected to save the company $3 billion to $3.5 billion annually. "Workforce reductions are never easy," Chief Executive Meg Whitman said in a call with analysts.
April 22, 2012 |
Information technology firm Hewlett-PackardCo.renewed its lease of an entire building in El Segundo, real estate brokers said. The 47,576-square-foot building at 621 Hawaii St. is the regional office of Palo Alto computer maker Hewlett-Packard, according to brokerage Jones Lang LaSalle. The landlord is Asset Management Consultants Inc. of Mission Hills. Terms of the deal were not disclosed, but experts familiar with the South Bay real estate market valued it at about $6 million.
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.
February 23, 2012 |
Hewlett-Packard Co. reported a 44% decline in first-quarter profit and its revenue missed expectations, underscoring the tech giant's ongoing challenges as it works to get back on track under Chief Executive Meg Whitman. For its fiscal first quarter ended Jan. 31, the Palo Alto company reported revenue of $30 billion, down 7% from $32.3 billion in the same quarter last year. Analysts had been expecting revenue of $30.7 billion. Profit was $1.5 billion, or 73 cents a share, down from $2.6 billion, or $1.17, a year earlier.
December 31, 2011 |
A letter detailing allegations of sexual harassment against former Hewlett-Packard Co. Chief Executive Mark V. Hurd is renewing interest in the year-old scandal but is not expected to hurt his position at Oracle Corp. The content of the June 2010 letter, which eventually led to Hurd's ouster from HP, was disclosed Thursday after a federal judge in Delaware ruled that releasing the letter would not violate Hurd's privacy rights. Prepared by Los Angeles attorney Gloria Allred, the letter chronicles Hurd's alleged efforts to woo Jodie Fisher, an event hostess and actress.
CALIFORNIA | LOCAL
December 6, 2011 |
Patricia Dunn, the former Hewlett-Packard Co. chairwoman whose role in an explosive corporate spying scandal overshadowed her storybook rise from temporary secretary to one of corporate America's most powerful women, has died. She was 58. Dunn, who had battled ovarian cancer for nearly eight years, died Sunday morning at her home in Orinda, Calif. Her death was confirmed by Hewlett-Packard spokesman Michael Thacker. Dunn dropped out of the public spotlight since resigning as outside chairwoman of Hewlett-Packard in September 2006 amid a media firestorm that she had approved a surveillance and sting operation to plug board-level leaks about one of the world's largest technology companies.
October 25, 2011 |
IBM Corp. has unexpectedly changed CEOs. That ends speculation that Sam Palmisano, who turned 60 this year, would stay on past the traditional age of retirement for the technology company's captains. Palmisano, who has been chief executive for nearly a decade and is staying on as chairman, is being replaced by IBM's first female CEO, Virginia "Ginni" Rometty. She is in charge of IBM's sales and marketing and has long been whispered about by industry watchers as Palmisano's likely heir.