PALO ALTO (CBS) — A groundbreaking new computer that uses light, not just electricity to move and process data, and combines all the complex RAM, ROM and other memory in one place is just one of the do-or-die projects that Hewlett-Packard CEO Meg Whitman must be successful at for her company turnaround to succeed.
Hewlett-Packard says it is cutting another 11,000 to 16,000 jobs, above a target of 34,000 the company outlined in a multi-year restructuring plan in May 2012.
Hewlett-Packard Co. and its Russian, Polish and Mexican subsidiaries agreed Wednesday to pay $108 million in penalties to settle criminal and civil charges of paying bribes and illegal commissions to secure foreign government contracts.
Rev. Jesse Jackson plans to lead a delegation to the Hewlett Packard annual shareholders meeting on Wednesday to bring attention to Silicon Valley’s poor record of including blacks and Latinos in hiring, board appointments and startup funding.
Hewlett-Packard announced they are getting close to settling with the Securities and Exchange Commission and the Department of Justice over bribery charges involving a Russian technology contract.
Google is introducing a $279 laptop that runs its Internet-centric Chrome operating system, borrowing many of the high-end features found in models that cost $1,000 or more.
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.