Slumping personal computer maker Hewlett-Packard has shown signs of progress in its latest quarter, even though its earnings dropped 16 percent.
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 is planning to cut about 2,000 more jobs than it had previously announced, as CEO Meg Whitman tries to turn the company around.
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.
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.
HP is the world’s No. 1 maker of personal computers. But consumers are buying fewer PCs in recent years as they increasingly turn their attention to tablets and smartphones.
Hewlett-Packard Co. CEO Meg Whitman pleaded for patience Wednesday as she described operational challenges and other internal problems that contributed to a decline in earnings.
Hewlett-Packard Co. ushered in Meg Whitman as its CEO with a $16.5 million compensation package. It hinges on whether the former candidate for California governor can lift the stumbling technology company’s stock price during the next two years.