Hewlett-Packard Co. cut its full-year sales outlook and announced another round of job cuts Tuesday as it reported that weak PC sales contributed to a 17% drop in quarterly profit.
Stocks ended mixed Tuesday, after trading in a tight range on both sides of breakeven, following an unexpected drop in homebuilding that clouded the economic outlook.
Hewlett-Packard, which will report quarterly results after the bell Tuesday, is expected to have pulled through the industrywide slowdown in PC sales fairly well, say experts.
Yes, HP's leap into the top 10 was aided by its funky fiscal year. HP closes its books in October, which means its 2008 revenues were shielded from the economic disaster that was last November and December. <P>Even so, HP's performance was impressive. Revenue and earnings rose 13% and 15% respectively, buoyed by strong demand for laptops (up 21%) and services (10%). And that latter figure doesn't even include the impact from newly acquired EDS. - <I>J.B.</I>
When Mark Hurd is at home in California, he wakes up each day at 4:45 A.M. - without an alarm clock. The certitude that a competitor in the Eastern time zone is already trying to gain an upper hand - Hurd uses a mild expletive to suggest what rivals might be trying to do to him - drives him to pop out of bed unaided long before sunrise.
Stocks gained early Thursday, bouncing off 3-month lows, as investors took abysmal readings on wholesale inflation and jobless claims in stride.
Hewlett-Packard is pulling out healthy growth where others are coming up empty. But investors won't get a free ride.
You can't really blame technology executives and pundits for not wanting to go too far out on a limb in making prognostications and predictions about 2009.
Similar to the New York Yankees, who missed the playoffs this year after 13 straight October campaigns, the HP Pavilion Slimline s3500f snaps the Slimline's run of four consecutive Editors' Choice awards.
The number of job cuts announced in September rose as the economy slowed, according to a report released Wednesday.
Hewlett-Packard Co. cut its full-year sales outlook and announced another round of job cuts Tuesday as it reported that weak PC sales contributed to a 17% drop in quarterly profit.
Stocks ended mixed Tuesday, after trading in a tight range on both sides of breakeven, following an unexpected drop in homebuilding that clouded the economic outlook.
Hewlett-Packard, which will report quarterly results after the bell Tuesday, is expected to have pulled through the industrywide slowdown in PC sales fairly well, say experts.
Yes, HP's leap into the top 10 was aided by its funky fiscal year. HP closes its books in October, which means its 2008 revenues were shielded from the economic disaster that was last November and December. <P>Even so, HP's performance was impressive. Revenue and earnings rose 13% and 15% respectively, buoyed by strong demand for laptops (up 21%) and services (10%). And that latter figure doesn't even include the impact from newly acquired EDS. - <I>J.B.</I>
When Mark Hurd is at home in California, he wakes up each day at 4:45 A.M. - without an alarm clock. The certitude that a competitor in the Eastern time zone is already trying to gain an upper hand - Hurd uses a mild expletive to suggest what rivals might be trying to do to him - drives him to pop out of bed unaided long before sunrise.
Stocks gained early Thursday, bouncing off 3-month lows, as investors took abysmal readings on wholesale inflation and jobless claims in stride.
Hewlett-Packard is pulling out healthy growth where others are coming up empty. But investors won't get a free ride.
You can't really blame technology executives and pundits for not wanting to go too far out on a limb in making prognostications and predictions about 2009.
Similar to the New York Yankees, who missed the playoffs this year after 13 straight October campaigns, the HP Pavilion Slimline s3500f snaps the Slimline's run of four consecutive Editors' Choice awards.
The number of job cuts announced in September rose as the economy slowed, according to a report released Wednesday.
Dear Annie: I work for Hewlett-Packard, which, as you probably know, is planning to lay off more than 24,000 people worldwide over the next three years. It seems that most of those on the chopping block are employees who came along with HP's acquisition of EDS. Since I happen to be in that group, I wonder if I should leave now, or wait and see what happens. On the one hand, I like it here, and my immediate boss has told me that he sees a great future for me at HP, so I should "just sit tight." On the other hand, I have two other job offers, one that came from a recruiter, and another from a former EDS colleague who left before the merger. Any advice on what to do? -Dangling Man
Computer maker Hewlett-Packard said it will lay off 24,600 employees, or 7.5% of its workforce, over the next three years in a plan to integrate tech outsourcer Electronic Data Systems, which HP bought late last month.
Hewlett-Packard Co. says it plans to cut 24,600 jobs, or about 7.5 percent of its work force, over the next three years
The $150 HP Photosmart A636 is a slight upgrade to last year's A626, with a few minor software differences. The A636 retains the same body shape and design but adds additional photo customization and editing capabilities.
Its shape and feature set will be familiar to anyone who's seen other Pavilion dv6000 series laptops, but the Special Edition HP Pavilion dv6985se stands out for two reasons.
Rallying financial and energy stocks pushed Wall Street higher Wednesday, after a choppy session dictated by fluctuating oil prices and fears that Fannie Mae and Freddie Mac are on the brink of a government takeover.
Stock futures rose early Wednesday as solid earnings from Hewlett-Packard overshadowed financial sector woes.
Imagine walking down the supermarket aisle with a cheap device you could hold up to a tomato. If the sensor detects a pesticide residue, you'd know the "organic" label is a lie. Similar tools could track the chemical content of water in a stream, telling you if there was lead contamination and when it got there, or keep constant watch on a bridge and tell if a structural steel beam was at risk of collapse.
At $400, the Photosmart C8180 sits in Hewlett-Packard's lineup as one of its most expensive All-in-One (AIO) players.
We're sitting under a canopy of trees on the patio outside Mark Hurd's office, and the man looks ready to hit someone. Earlier in the week, when word leaked out that Hewlett-Packard planned to buy EDS for $13.9 billion, a chorus of Wall Street analysts started second-guessing the deal - and by extension, Hurd's judgment as HP's CEO. EDS has too many expensive employees, went the conventional wisdom. It's less profitable than HP. Its culture is broken. An acquisition will only drag HP down. That the pundits aren't cutting him more slack clearly irritates him.
Hewlett-Packard Co. reported a 16% increase in its fiscal second-quarter earnings Tuesday, results that matched preliminary figures it reported a week ago.
What do you do if you have several billion dollars burning a hole in your pocket?
Hewlett-Packard recently released its Officejet H470 Mobile Series, an update to its line of portable inkjet printers. The models range from $224 to $314, which isn't cheap, considering the majority of home inkjets cost less than $100.
Hewlett-Packard announced Tuesday it is buying Electronic Data Systems for about $13.9 billion in cash, as it aims to step up competition for the computer services business with rival IBM.
While the Asus Eee PC and Intel's Classmate and Netbook platforms have convinced us that low-cost, low-power laptops can be genuinely useful, we still long for something a little more upscale than the plastic construction of those systems.
Alexander Graham Bell had it right from the beginning. "Mr. Watson," he called to his assistant through the first working telephone, "come here -- I want to see you."
With only a wee bit of provocation, Mark Hurd raised an alarming prospect Tuesday afternoon: He won't be the CEO of Hewlett-Packard forever.
Personal computer and printer maker Hewlett-Packard reported strong gains in sales and earnings for its fiscal first quarter Tuesday, a sign that the tech giant is gaining market share against key rivals and that its cost cutting is paying dividends.
Under its relentless CEO Mark Hurd, Hewlett-Packard is boringly, reliably, efficient. It may be the perfect company for an era when information technology is routinely and unremarkably inserted into more and more of the mechanisms of business and society.
HP's Photosmart M537 is the archetypal budget camera. It's not particularly large or small, it doesn't look terribly shiny or sleek, and it doesn't have any notably unique features.
U.S. statistics in 2005 revealed that less than 20 percent of the country's used or unwanted electronics were recycled. Now companies likes Sony, Nokia and Hewlett Packard are creating drop-off centers there to make it easier to properly dispose of their products.
Stocks remained in the red Tuesday afternoon after the Federal Reserve said it sees growth slowing in 2008, and pessimism about major financial stocks continued to plague the market and the mortgage-lending sector tanked.
Stocks gave up early gains Tuesday, as pessimism about major financial stocks continued to plague the market and the mortgage-lending sector tanked.
Stocks rallied near midday Tuesday, recovering from the previous day's selloff, as investors welcomed Hewlett-Packard's earnings and questioned whether the recent spate of bad news could make another Fed interest rate cut more likely.
Stocks bounced Tuesday morning, recovering from a broad selloff, as investors welcomed Hewlett-Packard's earnings and geared up for the minutes from the last Fed meeting, due later in the day.
Personal computer and printer maker Hewlett-Packard reported Monday that earnings for its fiscal fourth quarter rose 28 percent from a year ago on strong sales of PCs, servers and software. Earnings and revenues beat expectations.
Carly Fiorina didn't just break the glass ceiling, she obliterated it, as the first woman to lead a FORTUNE 20 company. But her fall from stardom was just as dramatic, and she remains a controversial figure, with opinion split on whether she deserves credit for HP's success since her firing in 2005. Fortune's Matthew Boyle talked to Fiorina - who now serves on several advisory boards, including the CIA's - about CEO pay, Dell's woes, and what she's learned from her tumultuous time at the top and, more recently, on the sidelines.
Hewlett-Packard might be better known for computers and printers than lipstick and mascara, but that isn't stopping the $92 billion giant from taking a tentative step into cosmetics. Color Match, the latest technology from HP's R&D labs, is designed to let women turn their cell phones into beauty consultants - and could soon be adapted for any color-matching situation.
Alexander Graham Bell had it right from the beginning. "Mr. Watson," he called to his assistant through the first working telephone, "come here -- I want to see you."
The HP Photosmart A826 is the first standalone snapshot printer we've seen that truly attempts to bring the in-store photo kiosk experience into the home. The printer's large size and extra large touch screen make using it a pleasure. And the fast print speed and wealth of features make it easy to produce a variety of prints.
Hewlett-Packard has unveiled two new cell phones, pushing deeper into the lucrative mobile phone market and broadening the array of equipment it can sell to large companies.
Hewlett-Packard Co. reported Thursday a 29 percent rise in quarterly profit on improving margins from cost cuts and falling component prices - and surpassed Wall Street estimates, sending its shares up 2 percent.
Several reporters and their family members have sued Hewlett-Packard Co. and some of its officers, their lawyer said in a statement, alleging the technology giant violated their privacy in a hunt for the source of boardroom leaks.
It has been an indispensable fixture of computing for as long as most people can remember. But sentences beginning with the words "click on" and "click and drag" may not be part of future office parlance as the humble computer mouse comes under threat from new touch-screen technology which is being rolled out by the major players in the computer industry. It promises to be the biggest change to personal computing in a quarter of a century.
Computer and printer maker Hewlett-Packard Monday said it would acquire data center automation software maker Opsware Inc. for $1.6 billion in a deal that bolsters HP's lineup of business software offerings.
The HP Pavilion Media Center TV m8120n is proof positive that quad-core processing is ready for mass consumption. This $1,150 entertainment-minded desktop serves up Intel's Core 2 Quad Q6600 CPU, a quad-core chip that up to this point we've seen only in much higher-end systems meant for gaming.
Hewlett-Packard (HPQ) ranks no. 14 on FORTUNE's list of America's largest corporations.
In October 2003, Karl Kamb, then a 40-year-old Hewlett-Packard vice president, made a presentation that persuaded CEO Carly Fiorina to take her company into a new line of business: flat-panel telev...
She was diagnosed with breast cancer in 2001, melanoma in 2002, ovarian cancer in 2004, and a recurrence, in the liver, in 2006. Yet for all her health travails, something else turned out to be Pat...
Since the day he was hired last October, Hewlett-Packard's chief ethics and compliance officer, Jon Hoak, has been focused on one overarching goal: Closing the book on the computer giant's 2006 "pretexting" scandal.
"HP disputes a number of facts in this story, but court orders prevent us from commenting directly on them. However, it is clear that this involves a former trusted HP executive who formed a competing business while working for HP. Our resulting lawsuit was brought based exclusively on documents recovered from company computers and from personal interviews. All of the alleged events involved occurred before HP took now well-documented steps to strengthen its investigative and ethical practices. These include, among other initiatives, the appointment of a senior ethics officer, the hiring of former assistant U.S. attorney Bart Schwartz to improve investigative procedures and the appointment of new directors to the company's board.
The Securities and Exchange Commission has settled charges against Hewlett-Packard for not disclosing the reason for a director's resignation amid a board-level investigation into company leaks last year, according to a release Wednesday from the commission.
Who will cash in when Hollywood goes digital? The studios are racing to serve a public that's hungry - and willing to pay - for high-quality video delivered on demand. The retailers want their shar...
Hewlett-Packard's new Pavilion Slimline s3020n PC comes bearing HP's new glossy black vision for all of its PCs and laptops.
Alexander Graham Bell had it right from the beginning. "Mr. Watson," he called to his assistant through the first working telephone, "come here?I want to see you." Fifty years later, the first television transmission made his words literal. And now, 130 years later, the pieces are falling into place to finally let us all be seen.
The following shares were among the most actively traded Friday:
A state judge in California Wednesday dropped the charges against ex-Hewlett-Packard Chair Patricia Dunn, who was accused of wire fraud in the company's boardroom spying scandal.
Hewlett-Packard reported a sharply higher quarterly profit Tuesday, thanks to strong computer and printer sales during the holidays, as the tech giant continues to gain momentum against struggling rival Dell.
Ousted Hewlett-Packard Chairwoman Patricia Dunn is not expected to accept a plea deal offered to her by the California attorney general in the HP spy case, "at least until there's something more concrete from the federal government," a source with knowledge of the case told CNN.
Hewlett-Packard researchers announced Tuesday a new advance in its computer chips using nanotechnology, which could significantly improve performance.
A private investigator admitted Friday to taking part in a scheme to spy on Hewlett-Packard board members and news reporters, making him the first person to plead guilty in the HP boardroom leak probe case, a federal prosecutor said.
We run a feature every other week (give or take) called Stock Spotlight that focuses on shares of a well-known company. At the end of the piece, we share our opinion as to whether the company being profiled is a good bet or not.
[HIT] A Wonder-ful world. When Will Ferrell wrote the script for Talladega Nights: The Ballad of Ricky Bobby, he had an improbable sponsor in mind for his Nascar-racing hero: Wonder Bread. Just as ...
Hewlett-Packard said Thursday it will pay $14.5 million as part of an agreement to settle civil claims related to its controversial leak investigation with the California attorney general's office.
After a recent Apple campaign portrayed PC users as dweebs, Hewlett-Packard fought back with a series of ads in which Jay-Z, Pharrell Williams, and snowboarder Shaun White lent the company’s PCs so...
Investors will be waiting to see if further oil declines can fuel a fourth straight record-high close for the Dow.
Computer products maker Hewlett-Packard reported quarterly profit and revenue ahead of Wall Street's estimates Thursday, and offered a robust outlook for the current period.
Investors are looking to see if weak inflation pressures can again lift stocks ahead of earnings from Hewlett-Packard.
A role model for corporate ethics, Hewlett-Packard is not. But the world's leading computer maker hasn't lost support from investors, who are focused on one thing: earnings.
Five smart takes from successful women on lessons learned, world affairs, and how to get what you want - when you want it.
Hewlett-Packard reclaimed the top position in the global PC market in the third quarter, edging out rival Dell, a research firm said Wednesday.
Ann Livermore, EVP, Technology Solutions Group of Hewlett-Packard, ranks No. 14 on Fortune's 2006 list of 50 Most Powerful Women.
Carly Fiorina has been mostly quiet since her tumultuous firing as CEO from Hewlett-Packard 20 months ago. No more.
Fortune's David Kirkpatrick sat down with former Hewlett-Packard CEO Carly Fiorina in Palo Alto on October 5 for two hours - the lengthiest interview she has given on her new book "Tough Choices," her tumultuous tenure as HP's CEO and the recent scandal surrounding HP.
It's 8 A.M on Friday, Sept. 29, and HP CEO Mark Hurd and I are having coffee in a basement meeting room at the Four Seasons Hotel in Washington, D.C. Dressed in his unvarying uniform - dark suit, ...
Former Hewlett-Packard chairman Patricia Dunn faces criminal charges for her role in the company's controversial leak probe, but chief executive Mark Hurd has dodged legal action for now.
Here's a sentence you won't see in any company manual:
Every problem is an opportunity, which makes the Hewlett-Packard mess one hell of an opportunity for CEO Mark Hurd. The big question for him and HP: Will he grab it?
HP CEO Mark Hurd has now been through the iconic cauldron of raising his right hand at a Congressional hearing, swearing to tell the truth and nothing but, and having his strained visage beamed electronically across the land.
Lawmakers grilled Hewlett-Packard officials about the company's controversial spying program Thursday but few new details about what went wrong at the Silicon Valley heavyweight were revealed.
Ann Baskins, general counsel for embattled computer maker Hewlett-Packard, resigned from the company Thursday.
Hewlett-Packard Chairman and CEO Mark Hurd and recently ousted chairman Patricia Dunn are set to express regret to a House committee Thursday over the methods used in the company's leak investigation, but they also will seek to distance themselves from tactics used, according to their prepared testimony.
The House Energy and Commerce Committee released prepared testimony from former Hewlett-Packard chairman Patricia Dunn and chief executive Mark Hurd Wednesday ahead of a hearing on the company's controversial spying program.
The House Energy and Commerce Committee said Wednesday it subpoenaed five private investigators to testify at a hearing on Hewlett-Packard's leak probe.
Last Friday at Mark Hurd's much-anticipated press conference at HP's headquarters in Palo Alto, spokesman Bob Sherbin began the proceedings by announcing that "so as not to pre-empt the [congressional] committee's questions" Hurd and his lawyer would not be able to take any questions from the press.
A Colorado man suspected of surreptitiously obtaining telephone numbers on behalf of Hewlett-Packard told an investigator last week that he had destroyed his computer, according to a published report.
When embattled HP chairman Mark Hurd steps before a US House panel on Thursday, he will be walking into a bipartisan buzz-saw of lawmakers worried about privacy and stunned that a company they once considered a prominent advocate of federal privacy protection for consumers would snoop on reporters and its own employees.
The growing Hewlett-Packard leak probe scandal comes under the scrutiny of Congress this week, when lawmakers aim to address a key question: What went wrong at the Silicon Valley stalwart?
Tech stocks gained near midday Monday, recovering after last week's selloff, but the broader market struggled amid a sluggish housing market report, selling in commodity stocks and a setback for big tobacco companies.
Stocks gave back early gains and slipped into the red Monday as falling oil and gold prices sparked selling in the underlying stocks and investors eyed a setback for big tobacco companies.
The HP spying scandal got a little bit more complex on Friday.
An independent legal firm hired by Hewlett Packard chief executive Mark Hurd revealed the latest on who was involved in the leak probe and what they knew.
Hewlett Packard chief executive Mark Hurd said Friday that he is taking over as the company's chairman effective immediately, replacing Patricia Dunn, who was at the center of the company's spying scandal.
Carly Tells Her Side of the Story
Stocks slumped Thursday after a weak read on regional manufacturing revived worries about the strength of the economy, giving investors an incentive to take profits following the recent rally.
Stocks stumbled late Thursday afternoon after a weak read on regional manufacturing revived worries about the strength of the economy, giving investors a reason to take profits after the recent rally.
Ever since the news broke that HP has been spying on journalists and its own board members, one question has been hanging over the company: Where was CEO Mark Hurd? Now investors are getting an answer - and Hurd may be at risk.
Hewlett Packard CEO Mark Hurd will testify at a Congressional hearing about the tactics used in the company's controversial leak probe next Thursday.
Stocks slumped Thursday afternoon after a weak read on regional manufacturing gave investors an incentive to take profits after the recent rally.
Stocks slumped Thursday afternoon as a weak read on regional manufacturing, a rise in oil prices and more trouble for Hewlett-Packard gave investors an incentive to take profits off the recent rally.
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