HP plunges after printer business underwhelms
9 years, 3 months ago

HP plunges after printer business underwhelms

Firstpost  

Shares of HP Inc, which houses former Hewlett-Packard Co’s legacy hardware business, plunged 16.3 percent on Wednesday Shares of HP Inc, which houses former Hewlett-Packard Co’s legacy hardware business, plunged 16.3 percent on Wednesday after the company’s lackluster results fueled concerns about its ability to weather a slowdown in the printer and PC markets. HP Inc’s revenue from both its printer and PC businesses fell 14 percent each in the fourth quarter, their worst performance in the year ended Oct. 31, and forecast current-quarter profit below market expectations. HP Inc Chief Executive Dion Weisler called the printing business a “much greater challenge” than the PC business. “Ultimately I think, the way it’s structured, it’s going to be more of a sort of dividend yield play,” said Jeffrey Fidacaro, an analyst at Monness, Crespi, Hardt, & Co Inc. HP Inc’s sibling, Hewlett Packard Enterprise, saw its shares rise as much as 8.5 percent on Wednesday, after it maintained its profit forecast for fiscal 2016.

Business Printer Hp Inc  underwhelms  hardware  incs  plunges  hewlettpackard  yield  pc  worse  business  weisler  hp  printer

History of this topic

HPE Plunges Most Since 2020 on Weak Profit Outlook, Job Cuts
2 weeks, 1 day ago

HPE Plunges Most Since 2020 on Weak Profit Outlook, Job Cuts

Live Mint  

-- Hewlett Packard Enterprise Co. fell the most since 2020 after it said profit in the coming year would be hurt by tariffs, weak margins on server sales and execution issues. The lower profitability is due largely to issues in HPE’s closely watched server unit, Chief Executive Officer Antonio Neri said in an interview. “The company’s cost actions, including job …

Hewlett Packard Enterprise to cut 5% of workforce in cost-saving push
Top News
2 weeks, 4 days ago

Hewlett Packard Enterprise to cut 5% of workforce in cost-saving push

The Hindu  

Hewlett Packard Enterprise said on Thursday it would lay off 5% of its workforce, or over 2,500 employees globally, as part of a cost-saving programme and forecast its second-quarter revenue below Wall Street estimates, triggering a 16.5% drop in shares during aftermarket trading. HPE said it expects cash charges of nearly $350 million over the next two years tied to …

HPE Gives Weak Profit Outlook and Will Eliminate 3,000 Jobs
2 weeks, 4 days ago

HPE Gives Weak Profit Outlook and Will Eliminate 3,000 Jobs

Live Mint  

-- Hewlett Packard Enterprise Co. gave an annual profit outlook that fell short of investor expectations and announced plans to eliminate about 3,000 positions. Earnings, excluding some items, will be $1.70 to $1.90 per share in the fiscal year ending in October 2025, HPE said in a statement Thursday. The lower profitability is due largely to issues in HPE’s closely …

HP unveils new printing products targeting multiple markets in China
1 year, 4 months ago

HP unveils new printing products targeting multiple markets in China

China Daily  

US tech company HP has unveiled a string of new printing products in China to target the home printing market, as well as the small and medium-sized enterprise market, and the large enterprise market. The move is part of HP's long-term commitment to China, as it works to better tap the country's position as both a crucial market and an …

HP fails to derail claims that it bricks scanners on multifunction printers when ink runs low
1 year, 7 months ago

HP fails to derail claims that it bricks scanners on multifunction printers when ink runs low

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy HP has failed to shunt …

HP fails to derail claims that it bricks scanners on multifunction printers when ink runs low
1 year, 7 months ago

HP fails to derail claims that it bricks scanners on multifunction printers when ink runs low

Associated Press  

SAN FRANCISCO — HP has failed to shunt aside class-action legal claims that it disables the scanners on its multifunction printers when their ink runs low. On Aug. 10, a federal judge ruled that HP Inc. must face a class-action lawsuit claiming that the company designs its “all-in-one” inkjet printers to disable scanning and faxing functions whenever a single printer …

HP To Slash 6,000 Jobs Over Three Years As PC Demands Witness Decline
2 years, 4 months ago

HP To Slash 6,000 Jobs Over Three Years As PC Demands Witness Decline

ABP News  

After major tech companies announced layoffs, HP Inc is set to bring down its workforce by slashing up to 6,000 jobs over the next three years amid declining demand for personal computers that have cut into profits. The forecast takes into account a 10 per cent decline in computer sales in the fiscal year, chief executive officer Enrique Lores said …

Tech layoff season has a new entrant after Twitter, Google: HP to fire nearly 6,000 employees
2 years, 4 months ago

Tech layoff season has a new entrant after Twitter, Google: HP to fire nearly 6,000 employees

India TV News  

Tech layoff season has a new entrant after Twitter, Google: HP to fire nearly 6,000 employees HP firing employees: The company announced a 'Future Ready Transformation Plan', estimating annualised gross run rate cost savings of at least $1.4 billion by the end of fiscal 2025, and restructuring and other charges of approximately $1 billion. HP firing emloyees: PC and printer …

HP Leads Indian Laptop Market With 33 Percent Share, Market Grows Over 37 Percent: Report
2 years, 10 months ago

HP Leads Indian Laptop Market With 33 Percent Share, Market Grows Over 37 Percent: Report

News 18  

PC and printer major HP Inc shipped over 1.4 million units in the first quarter of 2022 and continued to lead the overall PC market with 33.8 per cent share, a new report said on Thursday. “Strong demand for commercial desktops, a clearance of big backlog orders, and continued demand for its consumer notebooks helped HP clock its biggest quarter …

HP shares fell 5 percent after rejecting Xerox's buyout bid, indicating counter offer
5 years, 4 months ago

HP shares fell 5 percent after rejecting Xerox's buyout bid, indicating counter offer

Firstpost  

Xerox has a market value of $8.4 billion and HP is valued at nearly $30 billion. Shares of HP Inc fell as much as 5 percent on Monday after the personal computer maker rejected a buyout offer from Xerox Holdings Corp, and indicated it might instead make its own offer to take over the U.S. printer maker. HP stock has …

HP to cut up to 4,000 jobs over next three years
8 years, 5 months ago

HP to cut up to 4,000 jobs over next three years

Live Mint  

Bengaluru: HP Inc. said it expects to cut about 3,000 to 4,000 jobs over the next three years, as the maker of printers and personal computers continues to struggle with a subdued market, sending its shares down 1.3% in extended trading. HP, which houses the hardware business of former Hewlett-Packard Co, said in February it would accelerate its restructuring program …

HP Inc. plans to cut 3,000 to 4,000 jobs over the next three years
8 years, 5 months ago

HP Inc. plans to cut 3,000 to 4,000 jobs over the next three years

LA Times  

HP has been grappling with shrinking demand for PCs and printers. HP Inc. says it will cut 3,000 to 4,000 jobs over the next three years as it faces continued challenges in the markets for personal computers and printers. The other, Hewlett Packard Enterprise Co., primarily sells servers and other data-center technology; HP Inc. retained the personal computer and printer …

HP to buy Samsung's printer division for $1.05 billion
8 years, 6 months ago

HP to buy Samsung's printer division for $1.05 billion

Salon  

As the increased reliance on digital documentation continues to weaken demand for traditional printing technology, firms that formerly relied on printers for the majority of their revenue — including HP Inc. and the printing division of Samsung — have sought ways to stay afloat. On Monday, those two entities announced that they would combine their effort, with Samsung selling its …

HP buying Samsung Electronics’ printer business for $1.05 billion
8 years, 6 months ago

HP buying Samsung Electronics’ printer business for $1.05 billion

LA Times  

HP has been grappling with shrinking demand for PCs and printers. HP Inc. is buying Samsung Electronics Co.’s printer business in a deal worth $1.05 billion. HP said Monday that it is the largest print acquisition in the Palo Alto company’s history and that it will help it go from traditional copiers to multifunction printers. Last year, HP split off …

HP profit beats Street amid weak market for PCs, printers
8 years, 9 months ago

HP profit beats Street amid weak market for PCs, printers

Firstpost  

HP Inc, which houses the former Hewlett-Packard Co’s legacy hardware business, reported a better-than-expected quarterly profit as aggressive cost cutting helped counter weak demand for personal computers and printers. Revenue in the personal systems business, the company’s biggest, fell 9.9 percent in the second quarter, while revenue declined 15.8 percent in the printing division. HP Inc forecast an adjusted profit …

Meg Whitman hails logic of Hewlett-Packard split
9 years, 4 months ago

Meg Whitman hails logic of Hewlett-Packard split

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. HP will now trade as Hewlett Packard Enterprise, which …

Meg Whitman hails logic of Hewlett-Packard split
9 years, 4 months ago

Meg Whitman hails logic of Hewlett-Packard split

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. HP will now trade as Hewlett Packard Enterprise, which …

New HP Enterprise sees big opportunity in China
9 years, 4 months ago

New HP Enterprise sees big opportunity in China

China Daily  

An attendee at the Microsoft Ignite technology conference walks past the Hewlett-Packard logo in Chicago, Illinois, May 4, 2015. NEW YORK -- The newly spun-off tech giant HP Enterprise believes China is the real emerging market and there will be huge technology demand from the country in the forthcoming decades, said chief executive officer Meg Whitman Monday. She told reporters …

HP rises as investors take positive view of cash return plans
9 years, 6 months ago

HP rises as investors take positive view of cash return plans

Firstpost  

Shares of Hewlett-Packard Co rose as much as 5 percent on Wednesday as investors cheered plans for the company’s soon-to-be separated but struggling PC and printer business to return more capital to shareholders than many had expected. HP, which has struggled for years in a declining PC market, also said it would cut up to 33,300 jobs over the next …

Hewlett-Packard Is Laying Off Up To 33,300 Workers
9 years, 6 months ago

Hewlett-Packard Is Laying Off Up To 33,300 Workers

Huff Post  

Hewlett-Packard CEO Meg Whitman speaks during the HP Discover 2015 conference in Las Vegas, Nevada, on June 2, 2015. Credit: David Paul Morris/Bloomberg/Getty Images -- Hewlett-Packard Co., which plans to split into two listed companies this year, said it expected to cut about 33,300 jobs over three years as the tech pioneer adjusts to falling demand. Hewlett-Packard CEO Meg Whitman …

Hewlett-Packard's rise, fall and future
10 years, 5 months ago

Hewlett-Packard's rise, fall and future

India TV News  

New York: A plaque that reads "Birthplace of `Silicon Valley'" marks the garage in Palo Alto, California, where Hewlett-Packard Co. got its start in the late 1930s. HP paid $1.8 billion in 2010 to buy smartphone pioneer Palm Inc. as customers began shifting spending from PCs to Apple and Android tablets and smartphones. That same day, HP unveiled a $10 …

HP faces uphill battle with newly minted PC unit
10 years, 5 months ago

HP faces uphill battle with newly minted PC unit

Live Mint  

Seattle/San Francisco: Hewlett-Packard Co.’s chief executive officer Meg Whitman appeared to be banking on growth markets like 3D printing and a trickle back in personal computer sales when she announced on Monday a spin-off for the company’s computer and printing business. “HP Inc will be a fairly good cash-generating machine but growth will certainly be a struggle,” said Brian Fox, …

Hewlett-Packard splits off PC, printer businesses
10 years, 5 months ago

Hewlett-Packard splits off PC, printer businesses

Hindustan Times  

Hewlett-Packard, the iconic US company that started the born-in-a-garage trend in Silicon Valley, announced on Monday that it was splitting into two companies. “Our work during the past three years has significantly strengthened our core businesses to the point where we can more aggressively go after the opportunities created by a rapidly changing market,” Meg Whitman, chief executive officer, HP, …

HP to split into two public companies, lay off 5,000
10 years, 5 months ago

HP to split into two public companies, lay off 5,000

Live Mint  

Hewlett-Packard Co. said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations, and eliminate another 5,000 jobs as part of its turnaround plan. “Make no mistake, one HP was the right thing to do to begin the turnaround of this company,” Whitman said on a conference call. “Shareholders …

Hewlett-Packard may be splitting into two companies
10 years, 5 months ago

Hewlett-Packard may be splitting into two companies

Firstpost  

Hewlett-Packard Co plans to split into two companies, separating its computer and printer businesses from its corporate hardware and services operations, the Wall Street Journal reported on Sunday. Silicon Valley stalwart Hewlett-Packard Co, which has struggled to adapt to the new era of mobile and online computing, plans to split into two companies as it looks to put more focus …

Hewlett-Packard plans to split into two companies: report
10 years, 5 months ago

Hewlett-Packard plans to split into two companies: report

Live Mint  

New York/San Francisco: Hewlett-Packard Co plans to split into two companies, separating its computer and printer businesses from its corporate hardware and services operations, the Wall Street Journal reported on Sunday. The company plans to announce the move as early as Monday, the Journal said in a report on its web site that cited people familiar with the matter. Company …

Hewlett-Packard sales top estimates on corporate demand
11 years, 3 months ago

Hewlett-Packard sales top estimates on corporate demand

Live Mint  

San Francisco: Hewlett-Packard Co. reported fiscal fourth-quarter revenue and profit that topped analysts’ estimates, boosted by corporate demand for servers, personal computers and networking equipment. Whitman’s forecast Net income was $1.41 billion, or 73 cents a share, compared with a $6.85 billion loss, or $3.49 a share, in the fourth quarter of last year. On a conference call with analysts, …

HP's slump deepens in Q2 as earnings fall 32 percent
11 years, 10 months ago

HP's slump deepens in Q2 as earnings fall 32 percent

Firstpost  

Hewlett-Packard’s slump is deepening as the world’s largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices. San Francisco: Hewlett-Packard’s slump is deepening as the world’s largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices. Whitman has repeatedly warned that HP’s revenue might …

HP's outlook disappoints, driving shares to 9-year low – Firstpost
12 years, 5 months ago

HP's outlook disappoints, driving shares to 9-year low – Firstpost

Firstpost  

Hewlett-Packard Co’s shares plunged to a nine-year low on Wednesday after Chief Executive Meg Whitman warned of an unexpectedly steep earnings slide in Hewlett-Packard Co’s shares plunged to a nine-year low on Wednesday after Chief Executive Meg Whitman warned of an unexpectedly steep earnings slide in 2013, with revenue set to fall in every business division except software. Wall Street …

HP mirrors Dell's bleak outlook, brokerages cut price targets – Firstpost
12 years, 7 months ago

HP mirrors Dell's bleak outlook, brokerages cut price targets – Firstpost

Firstpost  

A host of brokerages cut their price targets on Hewlett-Packard Co’s stock, after the No. 1 PC maker posted an $8.9 billion loss and narrowed … A host of brokerages cut their price targets on Hewlett-Packard Co’s stock, after the No. 1 PC maker posted an $8.9 billion loss and narrowed its full-year earnings outlook, echoing concerns raised by rival …

HP Cuts 27K Employees, Looks to Cloud and Data Analytics for Growth
12 years, 10 months ago

HP Cuts 27K Employees, Looks to Cloud and Data Analytics for Growth

Wired  

Hewlett Packard CEO Meg Whitman announcedthe layoff of 27,000 employees Wednesday, or 8 percent of the company’s workforce. The painful move is part of Whitman’s strategy to refocus the hardware and software giant to take advantage of what Whitman describes as “some of the biggest shifts in technology that I have seen in my career.” Those shifts include data analytics, …

HP comes out with a host of printers
13 years, 6 months ago

HP comes out with a host of printers

The Hindu  

Hewlett-Packard on Thursday launched a host of imaging and printing products and solutions, aimed at addressing the requirements of varied customers such as home users and small and medium enterprises. Among the new printers was HP Top Shot Laser Jet Pro M275, which would capture images of 3-D objects and scan documents. The other printers included Pro 100 color MFP …

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