By Steve Schaefer, Forbes Staff
Hewlett-Packard announced a new look for its board of directors after the closing bell Thursday. Chairman Ray Lane will give up that role, but remain on the board, while fellow directors Ken Thompson and John Hammergren will depart. Ralph Whitworth will assume Lane’s chairmanship on an interim basis until a permanent replacement is found. …read more
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By Connie Guglielmo, Forbes Staff Hewlett-Packard confirmed that it has formed a special board committee to investigate its $11 billion acquisition of Autonomy and the subsequent $8.8 billion write-down it took after claiming there were instances of financial fraud related to the deal. …read more
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By Connie Guglielmo, Forbes Staff Hewlett-Packard reported first-quarter sales and profit that topped analyst estimates, sending the shares up in late trading. …read more
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Hewlett-Packard is planning to launch a line of Android-based tablets, according to the tech site ReadWrite, and also is mulling an entrance into the Android smartphone market. The story is sourced to “two sources familiar with the matter.” HP isn’t commenting, though CEO Meg Whitman in the past has made it clear that she thinks the company needs to be in the mobile device business. …read more
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By Eric Savitz, Forbes Staff Hewlett-Packard has issued a statement on Dell’s planned leveraged buyout, asserting that its chief rival in the PC market face tough times – and that HP intends to be there to pick up the pieces.
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By Eric Savitz, Forbes Staff Hewlett-Packard this morning said it plans to cut hundreds of jobs in Germany as part of a restructuring of its enterprises services business in that country. HP will be closing its site in Rüsselsheim, Germany, by the end of October.
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By Eric Savitz, Forbes Staff Hewlett-Packard shares are on the rise after the Wall Street Journal reported that the company has received “expressions of interest” from potential suitors for the company’s Autonomy and EDS businesses. HP spent $13.9 billion for EDS in 2008, and $11.1 billion for Autonomy in 2012, and has since taken massive write-downs […]
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