Hurd pressures HP storage sales team
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HP CEO Mark Hurd says HP needs to invest more in its storage sales organization to boost sales.
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SEATTLE, DEC 9: Hewlett-Packard Co will be under pressure to sell its personal computer business after IBM&#39;s decision to sell its PC operations to China&#39;s top PC manufacturer, but analysts said the No 2 computer maker would hold on to its $25 billion PC
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By Damon Darlin and Matt Richtel  John Markoff contributed reporting.  *  Pressure is mounting on the Hewlett-Packard chief executive, Mark Hurd, to explain what appears to have been a greater role in the company's spying operation than was initially indicated.
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Internal disk eats away at DAS IBM and HP are neck-and-neck for the second place position in the external disk storage market but remain well behind EMC for top billing, according to the latest report by research house IDC.â¦
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PALO ALTO, California  - Hewlett-Packard   Co.HPQ.N Chairman Patricia Dunn resigned as a director on   Friday as the embattled computer maker unveiled new details of   the boardroom leak probe, including the role of chief executive   Mark Hurd.
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Hewlett-Packard Co. CEO Mark Hurd this afternoon said in a news conference that HP Chairman Patricia Dunn is stepping down.
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The computing giant talks up new storage products and plans after a major sales stumble.
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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.
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Hewlett-Packard Co. announced today that Patricia Dunn will be replaced as HP chairwoman in January by CEO Mark Hurd. The move follows a scandal related to leaks from the company's board of directors.
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HP CEO Mark Hurd plans to answer questions from reporters on Friday regarding the ongoing HP controversy involving spying on journalists, board members and employees.
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(InfoWorld) - Hewlett-Packard may be on track to be a $100 billion company this year, but CEO Mark Hurd said there's a total $1.1 trillion IT market for it to pursue. Hurd, in a keynote address Monday at the HP Technology Forum in Las Vegas, told an audience of HP customers, partners, and employees that the company needs to continue to reduce costs so it can invest in innovation more. In an emotional moment in his 30-minute address, he expressed confidence his 167,000 employees are up to the challenge. "I know of no CEO who is prouder of their company as I am about HP," Hurd said, in an arena inside the Mandalay Bay Resort & Casino convention center. HP's capital spending has remained relatively flat in recent years while its budget for IT maintenance and continuing operations has continued to rise. Hurd pledged that HP would increase its capital spending by a factor of four over what it is today, with a goal of getting HP to a point where maintenance and operations are just 30 percent of the IT budget and innovation on new technology is 70 percent. HP is in the midst of a capital project to reduce the number of data centers it operates, from 85 worldwide to just six, to improve the efficiency of its own operations. Hurd, who is also chairman and president of the technology company, said it also has a goal of reducing the amount of energy used for power and cooling by 50 percent, which he said would save enough energy to power the city of Palo Alto, California, HP's headquarters city, for a year. "Green is not just about being environmentally friendly, it's [about] a great outcome. It's also about the efficiency we gain and the money we save at the same time," Hurd said. While remaining focused on costs, HP is also hiring. Hurd said the company hired approximately 1,000 new sales people over the last 12 months, two-thirds of them in the Technology Solutions Group, which sells to businesses and large enterprises. Hurd said that all the innovation HP designs into its personal computers, servers and other products won't make a difference if the products are not well distributed. He said the company needs to hire more and better sales people and handle more accounts to better serve their customers. The Technology Forum is co-hosted by HP user groups, including Encompass. The forums help HP customers, particularly small-to-medium sized businesses get the company to listen to them, said Nina Buik, president of Encompass. "HP is going to listen to FedEx, Motorola or General Dynamics," Buik said. "But if you take that layer of SMBs who, collectively, probably do the largest spending for HP products, this is where their voice is heard."ADVERTISEMENTIBM Information On Demand 2006Industrial Industry Leaders, please join us at IBM's premier information management global event, IBM Information On Demand 2006, October 15-20, Anaheim, CA. More IBM business and technical solutions content in one place than ever before! Select from  over 800 sessions. Register today!
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HP still has cost-cutting to do to achieve operational efficiency, CEO Mark Hurd told the financial community.
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Computer maker Hewlett-Packard Co. still has more cost-cutting ahead, even after a massive restructuring that has sliced the work force by 10 percent, Chief Executive Mark Hurd told analysts Tuesday.
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(InfoWorld) - 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. Congressmen John Dingell and Mark Stupak, both Michigan Democrats, sent a letter to Hurd Wednesday requesting an explanation and asking for a response by Dec. 21. "We look forward to responding to the committee's inquiry," said HP spokeswoman Emma Wischhusen. Both congressmen are ranking members of the investigations subcommittee of the House Energy and Commerce Committee, which in September held hearings on the HP pretexting scandal. In his testimony, Hurd apologized for the investigation HP undertook in which private investigators used false pretenses, called pretexting, to gain access to the phone records of people being investigated to trace leaks of board deliberations to the media. In their letter, Dingell and Stupak note that Hurd sold $1.37 million in stock options on Aug. 25, the same day Hurd was briefed by attorneys for Wilson Sonsini, one of HP's outside law firms, about the pretexting investigation and possible legal liability for the company over it. The scandal became public Sept. 6 when HP filed a notice with the U.S. Securities and Exchange Commission acknowledging that director Thomas Perkins resigned over the way the leak investigation was conducted. "The August 25 transaction does not appear to be part of any prescheduled program," the congressmen wrote in their letter to Hurd. "Please explain the reason for this transaction." Questions about the timing of HP executives' stock trades around the same time are also the subject of aÂ shareholder lawsuit against the technology company. The suit, filed Nov. 29 in Santa Clara County Superior Court in California, accuses Hurd and seven other HP executives of selling a total $41.3 million worth of shares between Aug. 21 and Sept. 6 based on insider information that the pretexting scandal was about to become publicly known. HP issued a statement at the time the lawsuit was filed calling it "baseless." As it is, HP's stock price wasn't adversely affected by the scandal as investors regarded it as unrelated to the company's operations. Â
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Mark V. Hurd has transformed Hewlett-Packard into a growth company, but the success is being overshadowed by the companyÂs leak scandal.
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JUST IN At a press conference in Palo Alto, Calif. Friday, Hewlett-Packard CEO Mark Hurd addressed the issues surrounding the investigation into a boardroom leak, saying former chairwoman Patricia Dunn is fully resigning her post from the board. More coverage of this latest development coming shortly.
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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¦