HP closes curtain on sales chief Booth
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Americas overhaul underway Exclusive David Booth, one of HP's top sales executives, has left the company, The Register has learned.â¦
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By Connie Guglielmo  Hewlett-Packard, the world's biggest maker of personal computers, said it would withdraw its shares from the Nasdaq Stock Market to reduce its listing fees.
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Hewlett-Packard Co. (HP) held on to its lead in the disk storage systems market in the second quarter, but saw a decline in revenue and market share, according to a survey by market researcher IDC published Friday.
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HP (NYSE:HPQ) (Nasdaq:HPQ) today announced that Mark Hurd, HP chief executive officer and president, has offered to appear at the U.S. House of Representatives Energy and Commerce Committee Subcommittee on Oversight and Investigations hearing on Thursday, Sept. 28.
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(InfoWorld) - Hewlett-Packard's executive vice president of global operations, Gilles Bouchard, will leave the company at the end of October. The news came Tuesday immediately before HP announced that ChairmanÂ Patricia Dunn will step down. Bouchard's departure comes at aÂ difficult time for HP. Dunn faces questions from organizations including the U.S. Department of Justice, the U.S. Federal Bureau of Investigation and a congressional committee. The questions relate to the way in which details of phone calls made by board members and journalists were obtained during an internal investigation into boardroom leaks regarding the departure of former HP Chief Executive Officer Carly Fiorina. On Tuesday, HP announced that company CEO Mark Hurd will succeed Dunn, who will remain chairman through the companyâs Jan. 18, 2007, board meeting. Meanwhile, Hurd announced Bouchard's decision to leave in an e-mail sent to all employees late Monday, adding that Bouchard will remain in post until Oct. 31. In June, HP announced plans toÂ axe the global operations organizationÂ that Bouchard heads in an effort to simplify its operating model, folding it back into the company's three main business units: Imaging and Printing Group, Personal Systems Group and Technology Solutions Group. Bouchard's work leading that transition has been "outstanding," with the majority of the work completed in the third quarter, Hurd wrote in his e-mail. The closure of the global operations group, where Bouchard managed HP's worldwide supply chain and customer-facing operations activities, is part of aÂ broader reorganization of the companyÂ began in July 2005. That process began with the elimination of the central service unit responsible for enterprise sales, the Customer Solutions Group. Staff and activities from that group were also redeployed to the company's three main business units. Bouchard joined the company in 1989, working in its printer business. He later took charge of merging HP's supply chain with that of Compaq when the two companies joined. Before concentrating on global operations, Bouchard had an additional responsibility as the company's chief information officer, charged with simplifying HP's IT infrastructure. In that role, he was responsible for a migration of the company's ERP (enterprise resource planning) system. Then CEO Fiorina said in August 2004 that problems with that migration had contributed to the company'sÂ failure to meet financial targetsÂ in that year's third fiscal quarter.
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CHICAGO -- This cannot be an easy time for Ann Livermore. When Hewlett-Packard Co. (HP) missed Wall Street's earnings expectations late last week, the blame was placed squarely on the shoulders of the Enterprise Servers and Storage Group, one of the divisions she manages. "Unacceptable" problems within the group cost HP $400 million in revenue and $275 million in operating profit, said HP Chairman and Chief Executive Officer Carly Fiorina just hours before HP announced the sacking of three senior executives within the division.
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Sun execs say they're telling it like it is: HP's Unix offering is on its last legs. HP says they're flat-out wrong.
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By MAY WONG    SAN JOSE, Calif.  -- Hewlett-Packard Co...
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The resurgence of Hewlett-Packard continued during its first fiscal quarter of 2007, which ended January 31, though if Michael Dell has been practicing his last laugh act since having resumed his CEO post at Dell Computer, he may very well have reason to continue practicing today. While last year's scandals didn't sink HP, they did hit the company in its weak spot: US revenues.
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(InfoWorld) - Heading toward the end of a better-than-expected year for IT, the good news this week was that there were no big surprises when Hewlett-Packard, Cisco Systems, and Advanced Micro Devices laid out strategies at investor and analyst conferences. While IT product prices, especially in hardware sectors like chips and some types of networking equipment, have been under pressure, tech vendor sales have been strong generally. The Nasdaq Composite Index, home to a broad range of publicly traded IT companies, crossed 2400 in November and has remained at that level, after opening the year at 2244. Tuesday's U.S. Federal Reserve decision to leave rates unchanged, and a much better-than-expected report on retail sales Wednesday stoked markets overall. On Thursday the Dow Jones Industrial Average hit a new intraday high of 12427.17, and the Nasdaq surged by 21.44 points to close at 2453.85. AMD gave assurancesÂ Thursday at an analyst meeting in New York that its $5.4 billion merger with graphics chip maker ATI will result in greater-than-expected cost savings in 2007, and $80 million to $160 million in incremental revenue. This caused AMD shares to jump by $2.54 to close at $22.71. The company also stressed that it expects a revenue boost from Microsoft's Vista OS release. The company in OctoberÂ announced fourth quarter resultsÂ that beat analyst estimates, but there were concerns about profit margins. The challenge for AMD is to keep a lid on costs and continue to successfully challenge Intel, especially with quad-core products in 2007. At HP's meeting in New York Tuesday, Chief Financial Officer Robert Wayman said thatÂ the company is forecastingÂ fiscal 2008 revenue between $101 billion and $103 billion. The high side of that is slightly higher than the consensus analyst forecast of $102 billion, according to Thomson First Call. It was reassuring but not exciting, at the tail end of a great year from HP (despite theÂ board spying scandalÂ that cost Chairman Patricia Dunn her job in September). The day of the analyst meeting, HP shares (HPQ) closed at $39.83, down by $0.18. But HP's announcement with MicrosoftÂ on WednesdayÂ helped spark investor interest. The deal calls for the companies to work on a range of business software products to the enterprise market, including business intelligence software. HP closed Thursday at $39.91, up $0.19 for the day. At Cisco's C-Scape conference for analysts this week in San Jose, California the company stressed themes that it had hit earlier this year. The company says it will sustain double-digit growth through the rest of the decade by incorporating data, voice, video and mobile capabilities -- its "quadruple play" -- across product lines. This week, the companyÂ focused on the consumer sideÂ of the equation, spotlighting itsÂ merger with set-top box maker Scientific-Atlanta, and also its Linksys consumer gear. Cisco plans to maintain its stronghold in the enterprise while continuing to grow in the consumer market. By the second day of the conference, Cisco shares (CSCO) were up $0.14 from its close Monday. In the current upbeat climate, reassurances from IT heavyweights about the next few quarters could be enough to boost IT investor confidence into the new year.
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HP (Quote, Chart) is dropping its efforts to port some Tru64 Unix products to HP-UX with the help of storage player Veritas . The two companies announced a multi-year agreement Thursday that finds HP&#39;s sales
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Dunnie flushed Patricia Dunn has not survived the HP spy scandal â a turn of events that everyone except HP saw as inevitable long ago. Dunn today resigned from HP's board, elevating CEO Mark Hurd to the Chairman role.â¦
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HP's general counsel has resigned immediately from the company, the fourth to do so behind former chairwoman Patricia Dunn and two other HP execs. Additionally, she will not testify in Congressional hearings.
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Hewlett-Packard Co. CEO Mark Hurd announced that Board Chairman Patricia Dunn has resigned from the board, effective immediately, in the wake of a boardroom leak scandal that has swept over the company.
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SEPTEMBER 24, 2004 (IDG NEWS SERVICE) - Hewlett-Packard Co. has stopped selling workstations based on Intel Corp.&#39;s Itanium 2 microprocessor, a company spokeswoman confirmed today.
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After unveiling cutting-edge technology for choking off the spread of viruses in March, Hewlett-Packard Co. (HP) is quietly shelving the project, citing conflicts with Microsoft Corp.'s Windows operating system, a company executive said.
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HP IS TO release the final Alpha processor on Monday bringing to an end the chip that had a cult following for the last 14 years.