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HP's Q3 Conference Call: Lots of Problems, a Few Bright Spots
The aircraft carrier Hewlett-Packard is still trying to turn the corner, but man is it going to take awhile and a lot of patience from investors, shareholders and, frankly, its employees, too. That’s...
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HP Shares Tank on Outlook and Analyst Downgrades
Shares of Hewlett-Packard have fallen by more than 6 percent this morning, as the markets have taken their time to think over the implications of the company’s third-quarter earnings report yesterday....
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Eight Questions for Hewlett-Packard Software Head George Kadifa
It wasn’t so long ago that Hewlett-Packard looked like a hardware company transforming itself into a software company. Until former CEO Léo Apotheker was fired by the company’s board of directors and...
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Bears Stalk HP Shares Ahead of Analyst's Meeting
Next week, Hewlett-Packard will hold an analysts meeting in San Francisco, the main purpose of which will be to offer its forward-looking guidance for the coming fiscal year. Also, CEO Meg Whitman, CFO...
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HP's Whitman Sees a Tough 2013 as Company Turnaround Effort Continues
Hewlett-Packard has convened a meeting of securities analysts in San Francisco at which CEO Meg Whitman is expected to give the latest look ahead at how she plans to turn the company around. As...
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HP Shares Tumble on Dismal 2013 Outlook
The turnaround at computing and IT giant Hewlett-Packard is going to take quite a bit longer, and investors don’t like it one bit. HP shares are setting new 52-week and 10-year lows after CFO Cathie...
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HP Explains Its $8.8 Billion "Oops"
Just joining the HP conference call in progress. Already the news is amazingly bad, and the shares are hitting lows not seen since 2002. If they go much lower, we’ll be looking at levels not seen since...
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What Exactly Happened at Autonomy?
Today’s bombshell from Hewlett-Packard concerning an $8.8 billion write-down related to Autonomy, the British software firm it acquired in 2011 for $11.7 billion in combined cash and assumed debt, is a...
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HP Credit Rating Cut by Moody's, Put on Negative Watch
Hewlett-Packard’s credit rating has just been lowered by the rating’s service Moody’s. The new rating is Baa1 with a negative outlook, and is a reduction from A3. Moody’s said that while HP will remain...
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Mike Lynch Punches Back at Today's HP Filing: Whither $5B Writedown?
Autonomy founder Mike Lynch is still not backing down in his ongoing battle with Hewlett-Packard. “Simply put, these allegations are false, and in the absence of further detail we cannot understand...
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The Pressure Is on HP to Stand and Deliver in 2013
Today marks the end of what has been without a doubt the worst year in Hewlett-Packard’s corporate history. You could argue that 2011, marked by the brief period that Léo Apotheker was CEO, was worse...
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HP CEO Whitman Earned $15 Million in 2012, Filing Shows
Hewlett-Packard’s preliminary proxy form was filed today with the U.S. Securities and Exchange Commission and there’s a few interesting highlights. The filing shows that CEO Meg Whitman earned more...
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"The Narrative Lags the Reality" in HP Turnaround Effort, CEO Whitman Says...
Hewlett-Packard CEO Meg Whitman argued once again for patience in her effort to get her troubled company back on its feet, saying that what people say and think about the company now is several steps...
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HP Did "Better Than We Expected We Would," Whitman Says
As noted earlier, Hewlett-Packard released its earnings results for the first quarter of its fiscal year a little while ago, and they’re surprisingly good. HP shares are rising after hours on word that...
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HP May Be Debt-Free This Year, CFO Lesjak Says
I just had a quick chat with Hewlett-Packard CFO Cathie Lesjak, and we ran through a couple of the key points from the earnings announcement HP released a few hours ago. Here are a few highlights from...
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HP Board Members Survive Shareholder Challenge
Hewlett-Packard’s shareholder meeting at the Computer History Museum in Mountain View, Calif., is now over. All the directors have been reelected, though a few by very thin margins. Director Marc...
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Amid Tech Slowdown, HP CEO Whitman Under Pressure to Show Progress
Hewlett-Packard will report second-quarter results today after the markets close for trading in New York, and the pressure is on CEO Meg Whitman to show that she can keep the floundering tech giant on...
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HP's Q2 Earnings Beat Expectations on Weak Sales
Quarterly results from Hewlett-Packard just crossed the wires and they’re better than expected on the bottom line, but weaker on the top. Per-share earnings were 87 cents, down 4.4 percent from a year...
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HP's Turnaround Progress Slow but Sure, Says CEO Whitman
Hewlett-Packard, the troubled computing giant that has been trying to turn itself around, reported its second quarter earnings a few minutes ago, and they’re a mixed bag: Better than expected on the...
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Q&A With HP CEO Meg Whitman and CFO Cathie Lesjak: The Turnaround Is on Schedule
If shareholders were eager for evidence that the turnaround plan at troubled technology giant Hewlett-Packard was still in place, they got it but good from the company today. After rivals like Dell and...
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Is HP's Turnaround Strategy Sustainable?
The fundamental problem facing the technology giant Hewlett-Packard is that some of the products that make up its biggest lines of business are in a long-term decline, and that new products aren’t yet...
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HP Says It May Not Grow Sales in 2014 After All
On Hewlett-Packard’s third quarter conference call today, CEO Meg Whitman explained her rationale behind the recent management shake-ups and many other things. She also revealed that the company no...
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Whitman's Turnaround Plans at HP Under Scrutiny This Week
Later this week, Hewlett-Packard CEO Meg Whitman will give Wall Street analysts and the rest of the world the latest view on the state of her efforts to turn the massive computing and services giant...
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HP's Whitman Sees 2014 as a "Pivotal Year" in Turnaround Effort
Hewlett-Packard CEO Meg Whitman sounded a cautiously optimistic note in a speech before financial analysts in San Jose, Calif., today. Calling the forthcoming 2014 fiscal year “pivotal,” Whitman...
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HP Says 2014 Will Be Good, Maybe Not Awesome, as Turnaround Is on Track
After its CEO Meg Whitman sounded a relatively positive note in a speech to financial analysts Wednesday morning, computing giant Hewlett-Packard said it expects the coming fiscal year to be...
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