Hurd Pressures HP Storage Sales Team
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HP needs to invest in its storage sales force, says CEO Hurd.
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Hurd knows best HP's CEO Mark Hurd plans to stick with what he knows best: cost cutting.â¦
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Hack infiltrates Hurd's brain Comment HP CEO Mark Hurd's next cost-cutting measure could come as the company axes its entire public relations staff. Who needs PR professionals, after all, when you have Forbes reporter Quentin Hardy?â¦
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Disclosures by Hewlett-Packard Co. chief executive Mark V. Hurd that he failed to read a report addressed to him about the company's spying investigation are prompting governance experts to ask why the company board yesterday handed Hurd more responsibility.
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By MICHAEL LIEDTKE   Associated Press writer  SAN FRANCISCO -- Battling to keep her job, Hewlett-Packard Co.
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That's Business Technology to you Technology Forum To see HP CEO Mark Hurd speak in Las Vegas is to witness a contradiction.â¦
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Hewlett-Packard Co.  Chief  Executive Mark Hurd will testify to a House subcommittee on the  company's leak probe, HP said on Thursday, hours after the  panel's top Democrat said he should appear at a hearing.
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Shares of Hewlett-Packard Co. HPQ.N   fell as much as 5 percent on Thursday after a newspaper report   indicated that Chief Executive Mark Hurd may be linked to a   controversial internal investigation of boardroom media leaks.
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By Michelle Quinn, San Jose Mercury News, Calif.  Sep. 12--Mark Hurd, chief executive of Hewlett-Packard, finds himself perhaps in the most awkward position among all the figures in the HP boardroom spying drama.
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Poor power play Intel third horseman Andy Grove has chastised HP for its recent management shakeup. The printing, imaging and spying company should not have elevated CEO Mark Hurd to the Chairmanship, according to Intel's ex-top dog.â¦
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Here's to you, Mr. Roberson HP has corralled a new storage chief in the form of David Roberson.â¦
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Two U.S. Congressmen have asked Hewlett-Packard Co. (HP) Chief Executive Officer Mark Hurd to explain why he sold US$1.37 million worth of HP stock just before theÂ company's spying scandal became public.
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(InfoWorld) - Hewlett-Packard continues to diversify and streamline its business according to goals Chief Executive Officer Mark Hurd set when he joined the company nearly two years ago. But the IT giant still needs to cut costs to achieve operational efficiency, the company's top executive told members of the financial community on Tuesday. "We are a company that is transforming; we are not a company that has transformed," Hurd said, speaking at a meeting of securities analysts in New York. Hurd acknowledged that HP's cost of operations are still too high for the company to run at its most effective, though the company has completed aÂ 10 percent workforce reductionÂ it began last year as part of a huge restructuring effort. He said that since he took over, HP has carefully analyzed its cost structure, down to knowing its IT costs by employee, site and function. "We do understand our costs now more than we did a year ago," Hurd said. But the company still needs to reduce costs and better efficiency, which Hurd vowed HP will achieve in the next several years. Complicating this aim is HP's acquisition strategy, as the company still is working to absorb companies it purchased in 2006. The company on Tuesday unveiled how it would integrate Mercury Interactive, a software companyÂ HP acquired for $4.5 billionÂ on Nov. 7. Hurd told securities analysts not to expect more acquisitions of this size in the future from HP, a comment that would appear to put an end to rumors that the company may buy security giant Symantec. Instead, the company will make smaller acquisitions as they strategically and operationally make sense, he said. Right before Hurd spoke, HP announced that it has agreed toÂ acquire business intelligence services Knightsbridge Solutions Holdings, a 700-person company, for an undisclosed sum. Hurd made no mention of theÂ boardroom scandalÂ that hit the headlines in September, and which has former HP executives awaiting their fate in an ongoing criminal case that will decide whether they used illegal means to investigate journalists. Instead, he focused on operational efficiency and other goals on which HP continues to execute, including deriving revenue from a more diverse mix of sales and services and improving its sales and customer service. Hurd also thanked HP Executive Vice President and Chief Financial Officer Bob Wayman for his 37 years of service at the company. On Monday,Â Wayman said he would retire, effective Jan 1. Catherine Lesjak, a 20-year HP veteran who currently serves as HP's treasurer, will take over for Wayman upon his exit. From a financial and perspective, HP weathered the scandal that rocked the company this year unscathed, earning nearly three times the profits in fiscal 2006, $6.2 billion, than it did in 2005, when the company earned $2.4 billion. Hurd said HP still has more progress to make in terms of tapping its "total addressable market," which he said in 2009 will be about a trillion dollars. "After careful analysis, we've decided that is big," he deadpanned. To achieve this aim, HP continues to try to improve its sales tactics, Hurd said. He said traditionally, HP ran on the theory that "if we build great technology, customers will find it." Now, "we have this new advanced theory," he said. "If we actually try to sell the stuff, we'll actually get more revenue."
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HP says it will cooperate with a request from a U.S. House subcommittee questioning  why CEO Mark Hurd sold HP stock just before a boardroom spying scandal broke in September.
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HP was blasted by legislators this week, but corporate customers say the boardroom leak scandal is a minor distraction, and they still back CEO Mark Hurd.
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(InfoWorld) - Hewlett-Packard chief executive officer Mark Hurd blamedÂ the scandalÂ that has besieged his company on "a rogue investigation" that got out of hand, in an advance copy of his Congressional testimony released by a House Subcommittee on Wednesday. "How did such an abuse of privacy occur in a company renowned for its privacy? The end came to justify the means," Hurd wrote. "The investigation team became so focused on finding the source of the leaks that they lost sight of the privacy of reporters and others. They lost sight of the values HP has always represented." Former HP Chairman Patricia Dunn,Â forced to resignÂ Sept. 21 because of the scandal, defended in her testimony her decision toÂ investigate the leaksÂ of confidential board discussions to the news media. In her testimony, Dunn wrote that she knew investigators were obtaining the phone records of people it was investigating. Lawyers for HP and for an investigation firm carrying out the probe assured her the tactics were legal, she wrote. "I was fully convinced that HP would never engage in anything illegal," she wrote. "Given that attorneys were unambiguously overseeing the investigation ... reinforced my understanding that the investigations were being handled appropriately." Both are among severalÂ witnesses expected at a hearingÂ before the Oversight and Investigations Subcommittee of the House Energy and Commerce Committee on Thursday in Washington. The committee is looking into the practice of "pretexting," or using false pretenses to gain access to confidential records. Investigators hired by HP to find the source of leaks engaged in pretexting to get hold of the phone records of directors, HP employees and reporters who cover the Palo Alto, California, technology company. Hurd, echoing comments he made in a news conference last Friday at HP's headquarters, said he was determined to get to the bottom of this episode and to try to restore HP's image. "I pledge that HP will take whatever steps are necessary to make sure nothing like this ever happens again," he wrote, "and that this company will regain not just its reputation ... but its pride." Although much of the criticism of the scandal surrounds the tactics used by the investigators, Dunn wrote in her testimony that equal consideration should be given to the leaks from within the company that damaged HP. HP's board was notorious for its leaks to news media and such disclosures made it difficult for the board to deal with important issues candidly, she wrote. Dunn explained that board deliberations on the selection of a replacement for former CEO Carly Fiorina in 2005 were leaked. She cited a BusinessWeek magazine story "disclosing opinions about various candidates and revealing details about ... the search process." "If you were a top CEO candidate, would you want to work for a company whose board could not be trusted to keep such information confidential? HP is very lucky to have been able to recruit Mark Hurd under such circumstances," Dunn wrote. "I wish fervently that none of this had ever happened," Dunn continued. "But boards have an unquestionable obligation to take steps to prevent [leaks]. That certain steps taken during the investigation went well beyond what was appropriate does not undermine the importance of the board's mission in this matter." Hurd also outlined several steps the company is taking internally to clarify its privacy policy for employees and to emphasize it in employee training programs.ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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Piling it on HP today released a message from CEO Mark Hurd that vaguely addresses the company's ongoing spy scandal. The missive serves more as an advertisement than a real confrontation with the issues affecting HP.â¦