Posts tagged “HP”
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.
Analysis: HP is being pulled in opposite directions as it seeks to re-establish momentum in consumer PC markets, which are lower margin, while protecting its more lucrative enterprise customer base, says Jack Narcotta of Technology Business Research.
Hewlett-Packard issues a forecast for fiscal fourth-quarter profit that missed some analysts' estimates amid a historic slump in personal-computer sales. The second-biggest PC maker and largest printer supplier also unveils a shake-up of its top ranks, naming Chief Operating Officer Bill Veghte as head of its enterprise business, replacing Dave Donatelli. Chief of Communications Henry Gomez was promoted to chief marketing officer, replacing Marty Homlish.
When it comes ti keeping profits away from the U.S. Taxman, Cisco and Apple take most of the criticism. But a Bloomberg analysis finds that IBM, which recently laid off thousands of North American workers, and Microsoft are actually keeping the most profits offshore.
Hewlett-Packard Co. added three directors, including former Microsoft Corp. software head Ray Ozzie, as Chief Executive Officer Meg Whitman tries to bolster sales with new technology and services amid a global PC slump.
Amid shrinking PC industry sales, Lenovo executive Jay Parker tells WRAL TechWire why and how his company expects to grow.