Hewlett-Packard to double Taiwan headcount
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Hewlett-Packard Co , the world's largest personal computer maker, said on Wednesday it will double its Taiwan headcount between now and 2009 as part of its strategy to expand its product development on the island.
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(InfoWorld) - Hewlett-Packard Co. (HP) expects fiscal 2008 to be another solid financial year as the company continues to fine-tune its cost structure in an attempt to become more operationally efficient. HP Executive Vice President and Chief Financial Officer Bob Wayman, one day after announcing he will retire on Jan. 1, outlined the company's expectations for fiscal year 2008, projecting revenue between US$100.9 billion and $102.8 billion. The figures represent year-over-year growth of 4 percent to 6 percent and are in line with what analysts expected. The projections are also similar to the company's performance in fiscal 2006, when revenue of $91.7 billion represented 6 percent growth over previous-year revenue of $86.7 billion. HP already has set guidance for fiscal 2007, which began on Nov. 1, at $97 billion in revenue, or GAAP (generally accepted accounting principles) earnings per share of $2.28 to $2.33. Wayman set 2008 financial projections as part of a meeting with securities analysts in New York on Tuesday, where he and other HP executives laid out the company's goals for the next couple of years. Breaking it down by business segment, HP also expects growth in its Personal Systems Group, Imaging and Printing Group, Enterprise Storage and Servers and HP Services divisions to be between 4 percent to 6 percent in 2008. However, growth should be higher in both its Software and HP Financial Services segments, the company said. HP expects its software business, recently buoyed by its acquisition of Mercury Interactive Corp., to have 10 percent to 15 percent growth in fiscal 2007, while its financial services business will grow 6 percent to 8 percent. Speaking at Tuesday's event, HP Chief Executive Officer Mark Hurd said the company is a work in progress as it strives to achieve goals he laid out when he joined the company in late March 2005. To streamline the business, HP began a massive restructuring last year that resulted in 10 percent of its workforce being cut. Hurd implied Tuesday there would beÂ more slicing and dicing throughout HP to create a leaner business. As a result, operating margins should gradually improve over the next couple of years. In 2006 operating margins were 8 percent; in fiscal 2008 the company is projecting that will climb to between 9 percent to 9.5 percent, it said Tuesday. "We're committed to taking care of our business and our cost issues," Hurd told analysts. Â
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Hewlett-Packard Co. improved its standing on the latest list of the world's 500 fastest supercomputers, released Wednesday at a conference in Dresden.
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By MATT SLAGLE   Associated Press writer  HOUSTON -- Hewlett-Packard Co.
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Hewlett-Packard Co. (HPQ.N: Quote, Profile, Research) will be under pressure to sell its personal computer business after IBM&#39;s decision to sell its PC operations to China&#39;s
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A 30 percent stake in Hewlett-Packard&#39;s Chinese operations is up for sale to the highest bidder as the company&#39;s Chinese partner looks to sell its shares.
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The Taiwan capital of Taipei plans to make wireless Internet access available to as many as 2.6 million of its residents by the end of next year.
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The Taiwanese government added several companies to a&#160;growing list of WiMax wireless broadband technology partners&#160;on Monday, including Alcatel-Lucent, Motorola, Nokia Siemens Networks, and Sprint Nextel.Taipei has been putting together incentive packages for multinationals to entice them to build WiMax research and development centers in Taiwan, work on development projects with companies from the island, and to make the island a part of the standards-making process for the technology, which delivers high speed Internet service over the airwaves.Intel was an early champion of WiMax as a replacement for the Wi-Fi wireless networking standard uses for Internet access in coffee shops, airports and other places in much of the developed world. The chip giant has already signed a similar agreement with Taiwan, and is working with Taiwanese computer parts makers to ready the technology for inclusion in laptop PCs next year.&quot;We believe partnerships between Taiwan WiMax players and global leaders will speed up the development of WiMax technologies,&quot; said Steve Ruey-Long Chen, Taiwan&#39;s economics minister, in a speech at the 2007 WiMax Forum, which opened in Taipei on Monday.The agreements are memorandums of understanding, nonbinding pacts to work together to promote WiMax. Most signatories of such agreements have already pledged to invest in Taiwan or work with Taiwanese companies.&quot;Nokia Siemens Networks already has partnerships with Taiwanese companies. This memorandum of understanding provides the framework to extend those partnerships,&quot; said Marko Tiesmaki, head of business development in broadband wireless access at the company.Alcatel-Lucent has already pledged to establish a WiMax lab in Taiwan, said Patrick Plas, chief operating officer of the company&#39;s GSM/WiMax business. Its memorandum signifies its openness to working with Taiwan to promote WiMax technology, he said.The pacts are part of Taiwan&#39;s plan to become one of the largest producers of WiMax equipment in the world. The island is already positioning itself to be one of the fastest adopters of WiMax wireless broadband Internet connectivity outside of North America. Officials see the technology as a good way to spread broadband Internet access throughout the island, which includes remote mountain villages and sparsely populated outlying islands.Taiwan often signs such agreements with multinationals to stimulate technology development on the island. Such deals can encourage companies to build technology-specific R&amp;D centers on the island through the use of incentives such as tax-free status, research grants, rent-free space in science parks and more.Other companies have also signed memorandums of understanding with Taiwan, including Starent Networks, NEC, Nortel Networks, and German WiMax tester Rohde &amp; Schwarz.Last week, Taipei pledged to spend $1.22 billion to build out Taiwan&#39;s WiMax network over the next five years, including $1 billion for a fiber optic backbone running the length of the island and $220 million for WiMax base stations and other equipment.The island has been promoting its M Taiwan project, or Mobile Taiwan, to speed up Internet mobility and encourage companies on the island to invest more in building products for WiMax, 3G (third generation) mobile telecommunications and other wireless technologies. The government has granted WiMax licenses to six operators, and some of them plan to start offering services as early as next year.
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Hewlett-Packard Co. , the  world's No. 2 personal computer maker, reported on Wednesday a  forecast-beating profit on sales growth across its main  divisions and unveiled a record $6 billion share buyback.
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HP, the world&#39;s number two PC maker, said on Friday it has launched a $483 (about Â£250) computer in China, turning up the heat in the intensely competitive market.
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By MAY WONG    SAN JOSE, Calif.  -- Hewlett-Packard Co...
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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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Hewlett-Packard Co., the world&#39;s No. 2 personal-computer maker, said fourth-quarter profit rose 27 percent, exceeding its forecast, as sales of servers rebounded and PC revenue set a record.
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Sets 'carbon footprint challenge' for employees Hewlett-Packard announced Tuesday that it would be setting a "carbon footprint challenge" for its 4,000 employees in Ireland to help make the company greener.â¦
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By JORDAN ROBERTSON   Associated Press writer  SAN JOSE, Calif. -- Hewlett-Packard Co.
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Hutchison Telecommunications International (HTIL) hopes to raise as much as HK$8.81 billion from a dual listing in Hong Kong and New York, parent Hutchison Whampoa said.
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THE SINGAPORE Government has decided to reverse the world-wide outsourcing trend and ship some work to HP. Singapore&#39;s ministry of manpower has transferred IT staff to Hewlett Packard under an outsourcing contract.