Posts tagged “HP”
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.
Lenovo may lead the world in PC sales as it has done for going on two years now, but when it comes to PC monitors - well, it's No. 5 and losing market share, according to a new report from research firm IDC.
Red Hat earnings; Lenovo lawsuit?; Cisco leads 'cloud;' YouTube music; 'Nest' back on sale; Apple ebook deal
Today's Bulldog wrap-up: What will red Hat report today?; Lenovo's price snafu in Canada may trigger class-action lawsuit; Cisco tops HP in latest "cloud" report; YouTube's new music service; 'Nest' detectors back on sale; Apple reaches a deal in ebook case.
HP's move revises upward a previous target of 34,000 job cuts. In May 2012, eight months after former eBay Inc. CEO Meg Whitman took the reins, HP unveiled the chief executive's initial restructuring plan, which called for a headcount reduction of 27,000.
Analysis: HP's first-quarter results include encouraging signs that its cornerstone PC and server businesses are regaining momentum. However, while HP continues to invest heavily to expand its portfolio of PCs, servers, software, converged storage and cloud capabilities Technology Business Research believes HP will remain a work-in-progress into 2015.
Worldwide shipments of PCs continue to drop. But the decline in the first quarter of the year wasn't as dramatic as in recent periods, and Lenovo - the No. 1 global sales leader - broadened its market share by 2 full points to 17 percent.
Analysis: Jack Narcotta of Technology Business Research says HP has some advantages over Lenovo in the battle for PC and server infrastructure - at least for now. Converged solutions are crucial, he says.
HP has lost the world's No. 1 PC mantle to Lenovo and faces the potential of increased competition in the server market as IBM sells its x86 server business to the PC leader. But Meg Whitman, 2 1/2-years into her turnaround role at HP, is on the attack as HP regains its footing.
Chief Executive Officer Meg Whitman is trying to reshape the 75-year-old company, which is headed for a third straight annual sales decline as the personal-computer market shrinks. Hewlett-Packard may be picking up orders for servers, the powerful machines that store and dish out data, as International Business Machines Corp. leaves the market by selling the unit to Lenovo Group Ltd.
Even as the global PC industry retracted at a record 10 percent rate in 2013, Lenovo increased sales 6 percent during the last quarter of the year and thus strengthened its hold on the No. 1 computer seller spot. "We continue to outperform the market while steadily improving profit and margin," says CEO Yang Yuanqing.
Personal computer giant Hewlett-Packard Co. has confirmed that it expects layoffs at the upper end of a range that it outlined earlier this year, with 5,000 more workers than originally planned expected to lose jobs by October 2014.
Google and Hewlett-Packard Co. are halting sales of the Chromebook 11 laptop after some users reported overheating power supplies, a setback for the devices that have been gaining momentum with consumers.
Anick Jesdanun, deputy technology editor for The Associated Press, finds plenty of good and bad in the latest Chromebook PC which Google and HP announced on Tuesday.
At a huge electronics show in Berlin, Lenovo's top European executive says "hybrids" - laptops that convert into tablets under the Yoga brand name - are crucial to driving PC sales. He also says Lenovo will top HP as top PC seller in Europe by 2015.