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 billion deal to buy British business software maker Autonomy to strengthen its portfolio of software and services, which are more profitable than PCs. But on Monday, HP announced that it was splitting off its PC and printer business, allowing the growing business of selling software and services to have a better chance to thrive as a separate company. Whitman will lead the Enterprise business and serve as non-executive chairman of HP Inc. Current PC and printer chief Dion Weisler will be CEO of HP Inc.

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History of this topic

Hewlett Packard Enterprise to cut 5% of workforce in cost-saving push
Top News
2 weeks, 6 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 …

Hewlett Packard Enterprise to move headquarters to Texas
4 years, 3 months ago

Hewlett Packard Enterprise to move headquarters to Texas

Associated Press  

SPRING, Texas — Tech giant Hewlett Packard Enterprise said it is moving its global headquarters to the Houston area from California, where the company’s roots go back to the founding of Silicon Valley decades ago. It also said that San Jose, its current home, will be a “strategic hub for HPE innovation” where the company will consolidate several hundred jobs …

Hewlett Packard closes doors on Autonomy; to focus on data center hardware and software
7 years, 6 months ago

Hewlett Packard closes doors on Autonomy; to focus on data center hardware and software

Firstpost  

Hewlett Packard Enterprise was formed when the company once known as Hewlett-Packard split into HPE and HP Inc in November 2015. Hewlett Packard Enterprise Co completed the spin-off of much of its software business early on Friday, closing the door on the disastrous 2011 acquisition of British firm Autonomy and narrowing the company’s focus on data center hardware and software. …

Hewlett Packard Enterprise said to consider selling software assets
8 years, 8 months ago

Hewlett Packard Enterprise said to consider selling software assets

Live Mint  

New York/Seattle/San Francisco: Hewlett Packard Enterprise Co. is considering a sale of some of its software assets as it continues to slim down its operations, according to people familiar with the matter. After splitting from sister company HP Inc. in November, she announced in May she will spin off and merge its business-services division with Computer Sciences Corp. in a …

HP profit beats Street amid weak market for PCs, printers
8 years, 10 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 …

HP plunges after printer business underwhelms
9 years, 4 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 …

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 …

Hewlett-Packard has split up
9 years, 4 months ago

Hewlett-Packard has split up

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 Bill Hewlett and Dave Packard …

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 sells stake in Chinese unit for $2.3B
9 years, 10 months ago

Hewlett-Packard sells stake in Chinese unit for $2.3B

Associated Press  

NEW YORK — Hewlett-Packard is selling a controlling stake in its China server and storage unit, a move that comes as the Chinese government, apparently worried about U.S. cyberspying, has encouraged the use of local companies. “Partnering with Tsinghua, one of China’s most respected institutions, the new H3C will be able to drive even greater innovation for China, in China.” …

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, …

Hewlett-Packard to split in two companies: Report
10 years, 5 months ago

Hewlett-Packard to split in two companies: Report

India TV News  

Washington: Hewlett-Packard Co., the iconic maker of personal computers and printers, reportedly plans to split itself into two separate companies by spinning off its technology services business. The Wall Street Journal reported the pending split Sunday citing people familiar with the matter, who said an official announcement could come as soon as Monday. The breakup would create one company that …

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 …

HP to buy cloud software start-up in rare acquisition
10 years, 6 months ago

HP to buy cloud software start-up in rare acquisition

Live Mint  

San Francisco: Hewlett-Packard Co. plans to buy cloud software start-up Eucalyptus Systems Inc., a rare acquisition for the company since its failed $11 billion purchase of Britain’s Autonomy Plc in 2011. HP did not say how much it will pay for Eucalyptus, which provides open-source software for building private and hybrid clouds, or Internet-based computing services. The acquisition is expected …

HP plans to renominate entire board in bid for stability
11 years, 2 months ago

HP plans to renominate entire board in bid for stability

Live Mint  

San Francisco: Hewlett-Packard Co. plans to renominate its slate of directors — including activist investor and interim chairman Ralph Whitworth—according to people with knowledge of the matter, seeking stability after years of board turnover. Other members of the 12-person board include Ray Lane, 67, who resigned as chairman last April amid shareholder displeasure at the company’s performance. During Lane’s tenure …

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, …

Hewlett-Packard lays off 22,700 jobs till July
11 years, 6 months ago

Hewlett-Packard lays off 22,700 jobs till July

India TV News  

New York: Computer maker Hewlett-Packard has laid off about 22,700 jobs as of July as part of its multi-year restructuring programme to cut costs. The US-based firm intends to eliminate a total of 29,000 positions in connection with its plan that will extend till 2014 fiscal, which it expects will cost about $3.6 billion in severance and other charges.HP follows …

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 prefers to spin off PC unit; final nod by year-end
13 years, 6 months ago

HP prefers to spin off PC unit; final nod by year-end

Firstpost  

San Francisco: Hewlett-Packard said on Monday it prefers to spin off its personal computers unit and is currently working on understanding the larger implications of separating the business from the company. The world’s largest technology company by revenue shocked investors when it announced earlier this month that it is considering strategic alternatives for its Personal Systems Group —which includes PCs …

Update: Samsung denies having interest in HP's PC business – Firstpost
13 years, 7 months ago

Update: Samsung denies having interest in HP's PC business – Firstpost

Firstpost  

Update: In a reply to the news doing rounds of Samsung eyeing HP’s PC business, the former’s CEO, Choi-Gee stated that, “I would like to definitively state that Samsung Electronics will not acquire Hewlett-Packard’s PC Business. Samsung will automatically become the largest PC manufacturer if they go ahead All these talks and plans for expansion leads us to believe that …

The Future of a Post-PC HP
13 years, 7 months ago

The Future of a Post-PC HP

Wired  

Hewlett-Packard's Personal Systems Group makes everything from pocket calculators to desktop computers. Ads for HP's 9100A aimed at scientists and engineers in 1968 called it by different names: an electronic genie, a computing marvel and yes, a personal computer. HP and other companies had been working in conjunction with Stanford for years on military technology and semiconductors, but that's how …

HP to Expand Its Gaming PC Lineup
17 years, 11 months ago

HP to Expand Its Gaming PC Lineup

Firstpost  

Hewlett Packard is reportedly expanding its line of gaming PCs and is developing a series of new gaming concepts, the first of which was unveiled at a company event in San Francisco. HP showcased new mobile gaming platforms, as well as PC-controlled projection systems and a touch-screen system built into a table, saying that the prototype products typify its strategy …

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