Posts tagged “HP”
Hewlett-Packard is moving ahead with plans to split into two companies with CEO Meg Whitman to lead the new venture focused on enterprise software and services. The previous head of the HP hardware group, meanwhile, quit.
$200M NetSuite-Bronto deal closes; analyst expects 'strong' Red Hat earnings; Monsanto after Syngenta investors; China frees GSK investigator; HP paying $100M in Autonomy deal
In today's Bulldog wrapup of technology and life science news: NetSuite closes on its acquisition of Durham-based Bronto Software; RBC expects "strong" earnings from Red Hat; Monsanto targets Syngenta shareholders; China frees a GSK investigator; and HP to pay $100 million in Autonomy class-action suit.
Tech giant HP made news Thursday by disclosing the $2 billion-plus sale of a server business in China, but the latest earnings report shows revenue declines at each of its business units year-over-year. Technology Business Research takes a look at what's happening as HP nears a split into two groups.
HP sells China server unit; Peak 10 grows in Triangle; Time Warner Cable back in play?; Spotify expands; PayPal's $25M fine
In today's Bulldog wrapup of technology news: HP is selling its server business in China; Peak 10 expands in the Triangle; will Altice buy Time Warner Cable?; Spotify adds more services; and PayPal pays $25 million settlement.
PC sales are plunging worldwide, but not at Lenovo. The world's No. 1 computer manufacturer widened its hold on the top sales spot in the first quarter, driving up sales and market share, two reports show. Lenovo also is continuing to gain share in the U.S.
"Enterprises are facing a mobile-first world and are looking for solutions that help them transition legacy investments to the new style of IT," HP CEO Meg Whitman says. "By combining Aruba's world-class wireless mobility solutions with HP's leading switching portfolio, HP will offer the simplest, most secure networking solutions to help enterprises easily deploy next-generation mobile networks."
Meg Whitman was paid $19.6 million in cash and stock last year, up from $17.6 million in 2013, after HP's board of directors raised her base salary to $1.5 million from $1 and bestowed additional cash and stock awards based on her performance last year.
New statistics show that Lenovo is selling more PCs than ever and its global market share is growing. It's also closing in on Apple for the No. 3 spot in U.S. sales. But former No. 1 HP is surging, with a global growth rate twice that of Lenovo.
In his analysis of HP's latest earnings report and corporate update, Technology Business Research analyst concludes: HP's short-term results are pressured by strategic reorganization, and the vendor's long-term market positioning remains unclear.
Hewlett-Packard Co.'s latest earnings report shows that despite three years of efforts to turn its business around, the venerable tech giant still has a lot more work ahead.
IT service providers continue to consolidate headcount across regions while seeking to optimize global delivery operations though automation. Technology Business Research Inc.'s (TBR) semiannual Global Delivery Benchmark documents vendor performance, attrition and utilization rates, as well as market, growth and profit drivers across 14 of the largest systems integrators.
Lenovo broadens its lead in global PC sales, topping the 20 percent market share plateau for the first time, according to research firm IDC. Lenovo has ranked first now for six consecutive quarters.
Analysis: HP's sort-of breakup portends good and bad outcomes for a big technology vendor in transition, writes Ezra Gottheil of Technology Business Research.
Hewlett-Packard is splitting into two companies - one focused on technology services led by Meg Whitman and the other including HP's hardware groups such as PCs and printers. HP, which competes fiercely with Lenovo, had been in negotiations with EMC about a possible merger.
Don Weisler, a former senior executive at Lenovo, will lead HP's hardware division as CEO under Meg Whitman's plan to split the technology giant into two parts. Weisler bolted Lenovo for HP in 2011 and took over HP's PC group last year.
Wall Street analysts and journalists are having a field day with reports that EMC is looking for a merger partner. One analyst says a Cisco-EMC marriage makes sense with VMware as a wedding gift. EMC owns 80 percent of Vmware. Meanwhile, Forbes says an EMC-HP deal "would have been a disaster."
EMC, one of the largest manufacturers of data storage products which has a major presence in the Triangle area, is mulling merger and other options, according to The Wall Street Journal. A UK tech news site says a merger with HP with Meg Whitman leading the combined company is a possibility.
The acquisition of Eucalyptus closes a gap in hybrid cloud and expands HP's reach against a $7 billion-and-growing hybrid cloud integration market, according to analysis by Technology Business Research.
Analysis: HP Enterprise Services gains Avaya's unified communications (UC) and private cloud capabilities as well as service delivery personnel, while Avaya benefits from HP's cloud portfolio and global reach.
HP on Wednesday reported an increase in revenue for its most recent quarter, ending a streak of 11-straight declines. Surging PC and x86 server revenues helped - two markets where Lenovo either leads the world or hopes to when its $2.3B deal for IBM's x86 business closes. Analyst Jack Narcotta of Technology Business research examines HP's earnings report.