Hewlett-Packard Co. said on Tuesday that it’s the victim of a multi-billion dollar fraud at the hands of a British company it bought last year that lied about its finances.
Hewlett-Packard Co. said that a British company it bought for $9.7 billion last year lied about its finances, resulting in a massive write-down of the value of the business.
Cybercrime is up six percent from last year according to a new study conducted by the Ponemon Institute. The results released on Monday show cyber attacks have more than doubled over the last three years increasing the financial impact by 40 percent.
Hewlett-Packard CEO Meg Whitman expects the technology company’s earnings to fall during the next year as she struggles to fix a wide range of problems in a weakening economy.
Hewlett-Packard is planning to cut about 2,000 more jobs than it had previously announced, as CEO Meg Whitman tries to turn the company around.
On Tuesday, Lexmark said that it is getting out of the inkjet printing market. The announcement follows last week’s dismal earnings report from Hewlett-Packard, which some analysts blamed in part on poor sales of printers.
Hewlett-Packard says it suffered an $8.9 billion loss during its most recent quarter as the technology company accounted for an acquisition that hasn’t panned out the way management envisioned.
Computer maker Hewlett-Packard said it has won a big victory in its court battle to force Oracle to continue making software for one of its server lines.
The San Francisco Police Department will be sporting some new mobile technology thanks to a private-public partnership spearheaded by Mayor Ed Lee, that should keep officers out and about on the streets.
Hewlett-Packard plans to jettison 27,000 workers as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers.