A judge has dismissed a shareholders lawsuit against computer maker Hewlett-Packard and its former CEO Mark Hurd, saying that a company’s standards of business conduct amount to “puffery” that can’t be used in securities fraud lawsuits.
Lenovo beat out rival Hewlett-Packard to become the No. 1 PC maker by a narrow margin, according to both firms.
Shares of Hewlett-Packard Co. are jumping after CEO Meg Whitman reiterated that revenue could grow next fiscal year.
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.
If fewer people are interested in buying a new personal computer, then fewer investors want to own stakes in companies whose fortunes are tied to the sales of laptop and desktop machines.
Hewlett-Packard Co. said on Thursday that Chairman Ray Lane is stepping down and two board members will resign next month, two weeks after a near ousting by shareholders at the company’s annual meeting.
Hewlett-Packard wants to terminate its multi-million dollar naming rights deal for the arena known as the HP Pavilion, home of the NHL’s San Jose Sharks.
Researchers at Hewlett-Packard Co. say they’ve developed a way to put glasses-free 3-D video on mobile devices with a wide enough viewing angle to allow viewers to see objects more fully just by tilting the screen.
Hewlett-Packard said it is selling its webOS operating system technology to South Korea’s LG Electronics Inc. for an undisclosed sum.
Slumping personal computer maker Hewlett-Packard has shown signs of progress in its latest quarter, even though its earnings dropped 16 percent.