Posts tagged “HP”
Mike Lynch, who founded the British software company accused by HP of falsifying finances, said that while he may have used some of the contested accounting and sales methods, they were all legal.
Analysis: Although HP Software is small relative to HP's corporate total (making up just 4 percent of total revenue), the business unit maintains HP's highest operating margin and growth, making it a key asset to HP.
Hewlett-Packard's fourth-quarter earnings will provide the latest snapshot of a technology pioneer struggling to regain its edge as its personal computers and printers lose their appeal in a market tilting toward smartphones and tablets.
Acer's shipment decline for the quarter was wider than the overall market as the company's sales of Ultrabooks, light notebooks that mimic Apple's MacBook Air, failed to meet expectations. The release of Windows 8 this month may not be enough to spur sales growth in the coming quarter.
Hewlett-Packard's six-year reign as the world's top personal-computer maker was ended by Lenovo, highlighting the challenges facing Chief Executive Officer Meg Whitman as she strives to revive growth at the 73-year-old technology U.S. company.
iSuppli says back-to-school season "appears to be a bust" and a variety of factors - the economy, tablets, mobile devices and smartphones - have combined to lead its analysts to forecast the first decline in global PC sales since 2001.
HP's stock price has fallen so much that the company also could be vulnerable to a takeover attempt by a rival, although a Wall Street analyst believes that is unlikely to happen because the most likely suitors - Oracle Corp. and IBM Corp. - already sell many of the same products and services that HP does.
Meg Whitman's strategy for turning around Hewlett-Packard Co. failed to convince investors looking for speedier recovery and more sweeping change at a company struggling to compete in everything from personal computers to technology services. The shares dropped to a 10-year low.
Meg Whitman, a year into the CEO job, plans to sharpen the company's focus on corporate clients with a new product lineup that includes software and tablets for businesses and a machine that combines storage, computing and networking, according to people familiar with the matter. She'll explain her approach to analysts Oct. 3 in San Francisco.
The world's largest chip manufacturer cut its revenue forecast on Friday to $700 million below analysts' forecasts. Declining PC sales to corporate customers is the big reason. More bad news: HP increases layoffs.
The new machines, Hewlett-Packard's first to offer the latest version of Microsoft's new Windows 8 flagship operating system, will include the SpectreTouchSmart Ultrabook with a 15.6-inch high- definition screen, and the Envy x2, which features a detachable touch screen on a magnetic hinge.
Global computer shipments will climb less than previously forecast this year amid a weak economy and as buyers await new models, research firms IDC and iSupply say.
Apple's market share climbed to 69.6 percent in the quarter from 58.1 percent in the previous three-month period, according to a report Tuesday from IHS iSuppli
HP said it will take an $8 billion charge for the reduced value of Enterprise Services in the quarter that ended in July. The division, which provides information technology and outsourcing services to corporations, has seen flat revenue for the last two years, and its operating profit has declined.
Walt Mossberg, dean of technology journalists whose reviews carry a lot of weight, gives a mostly thumb's up review after testing Lenovo's new ThinkPad Carbon. But he is critical of its battery life and labels it "pricey."