HP says US Army deal could be worth $5 billion
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(InfoWorld) - Despite aÂ boardroom scandalÂ that seems to deepen every day, Hewlett-Packard has won new contracts this week, including one that could be worth $5 billion over the next 10 years. The U.S. Army awarded HP a contract that allows several U.S. agencies to order products including desktop PCs, laptops, printers, scanners and displays from HP. The deal does not include specific volumes of products but HP estimates that it will be worth $5 billion. The contract could last as long as 10 years if the groups agree on optional extensions. HP expects to begin taking orders Oct. 1. HP has also signed a seven-year extension on an outsourcing deal with DirecTV. HP will continue providing IT operations and applications testing services that help DirecTV introduce new services, acquire customers and ensure bills are sent accurately and quickly. HP will also offer local area network management, data center operations, database support and disaster recovery for DirecTV. The contract extension is valued at about $500 million. The deals come at a troubled time for HP. The company's chairman said this month that she willÂ step downÂ for her part in an investigation of internal company leaks that involvedÂ obtaining private phone recordsÂ of HP employees and journalists. Details of the extent of the investigation, and the extent to which HP's top executives were involved in it,Â continue to surface. Â
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Such a move would take chutzpah and would cost HP around $30 billion. But analyst Jon Oltsik believes an acquisition of Juniper makes a ton of sense.
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The US Army is studying a possible compromise with Halliburton Co. that might allow the company to keep several billion dollars in disputed billings for work in Iraq, defense officials said on Friday.
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Hewlett-Packard Co.  said  on Thursday it would pay California $14.5 million to settle a  civil case related to board-leak investigations that led to the  resignation of Chairman Patricia Dunn.
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PALO ALTO, Calif. -- Computer and printer company Hewlett-Packard Co. said Monday it will buy data center automation software company Opsware Inc. for about $1.6 billion.
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The United States on Monday offered rewards of up to $5 million each for a member of Lebanese Hezbollah and a member of Palestinian Islamic Jihad, both of which the United States regards as terrorist groups.
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STG will support Army information network operations under a new five-year, $190 million contract.
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Hewlett-Packard&#39;s outsourcing business has scored an extended contract with Unilever worth $675 million, HP said Wednesday.The seven-year deal will see HP managing Unilever&#39;s IT infrastructure in the Americas, Asia, Africa, Turkey and the Middle East, handling day-to-day operations, implementing new applications, working with technology partners and managing third-party contracts, according to a news release.About 250 Unliever workers will be transferred to HP under the contract&#39;s terms, the release said.Neil Cameron, chief information officer for Unilever, said in a statement that the agreement is &quot;a natural extension&quot; of the companies&#39; existing relationship. &quot;The intention between both parties is to leverage HP&#39;s scale, expertise and industry leadership to ensure Unilever has access to world-class technology at substantially lower costs,&quot; the statement added.Unilever, a manufacturer of consumer goods, has roughly 179,000 employees in nearly 100 countries. It logged &#8364;40 billion ($58 billion) in sales during 2007, according to the release.
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Hewlett-Packard plans to buy datacenter automation software vendor OpswareÂ for about $1.6 billion. It's the third-largest acquisition in HP's history after its multibillion-dollar purchases of Compaq and Mercury.
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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. HPQ.N will be  under pressure to sell its personal computer business after  IBM's decision to sell its PC operations to China's top PC  manufacturer, but analysts said the No. 2 computer maker would  hold on to its $25 billion PC division for now.
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HP (NYSE:HPQ) (Nasdaq:HPQ) has been awarded a multiyear contract by the U.S. Army to provide desktop PCs, notebook PCs, printers, scanners and displays as part of a U.S. government requirement to ensure the operational readiness of the U.S. armed services worldwide.
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The deal with the Defense Logistics Agency could be worth as much as $290 million for the computing giant.
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Hewlett-Packard Co. HPQ.N said on   Tuesday it won a seven-year extension of its outsourcing   contract worth about $500 million with satellite television   provider DirecTV Inc. DTV.N.
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Hewlett-Packard Co. (HP) has agreed to a $14.5 million settlement in the California civil lawsuit related to the company's spying scandal.
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As expected, Hewlett-Packard and the California state attorney general's office have reached a settlement in a civil suit pertaining to the company's methods in investigating its own board members. The company will pay the state $14.5 million, and in exchange, the state has agreed to an injunction against it pursuing any further civil matters against its employees, executives, directors, or the company itself.
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KBR , a former unit of Halliburton Co. , Dyncorp International Inc.  and Fluor Corp.  were awarded parts of a U.S. Army contract with a combined potential value of up to $150 billion to provide services to the military in the Middle East.