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 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.
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.
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.
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.