HP cuts pay to avoid job cuts
US based tech giant Hewlett Packard has apparently applied a pay cut across the company.
This step was taken to avoid potential job cuts as the company too is feeling the pinch of the weakening economy.
Inside sources say that the company CEO Mark Hurd said in an internal memo that [...]
Acer closing in on second spot held by Dell
Dell has already lost the top spot to Hewlett Packard in the personal computer business.
Now they could soon lose their second spot to an unlikely rival… Acer.
Acer used to be on the seventh position in 2003.
But the company has made phenomenal progress in the last couple [...]
Ron Rittenmeyer to leave EDS by the end of the year
HP has revealed that Ron Rittenmeyer who is the CEO of EDS would leave the company at the end of the year.
HP recently acquired the company for $12.6 billion.
The company added that they would now integrated EDS in their technology solutions group.
HP [...]
Dell profits up but sale is down
Dell has again failed to cover the gap with the market leader Hewlett Packard.
The company has come out with their latest revenue report.
Dell gained from their cost cutting efforts as they managed to report fiscal third-quarter earnings that exceeded Wall Street expectations.
The sales for the company were [...]
HP expecting a better 2009
Hewlett-Packard has successfully managed to overcome the challenge posed by weakening economy.
The world’s largest PC manufacturer has posted stronger-than-expected results.
HP has also now forecast full-year profit above Wall Street estimates.
The news helped the company get a boost at the stock market as its share went up by 10%.
Shannon Cross of [...]
Starbucks loses Pete Bocian to Hewlett Packard
Starbucks has confirmed that their Chief Financial Officer Pete Bocian is leaving the company to join personal computer maker Hewlett Packard.
Bocian would become the chief administrative officer of HP once he joins them next month.
Bocian had joined the coffee chain Starbucks in April 2007.
He was previously working at NCR [...]
LeftHand Networks being acquired by HP
US based tech giant HP has announced that they are acquiring LeftHand Networks.
LeftHand Networks specializes in providing storage virtualization and iSCSI storage area network solutions.
The deal is worth around $360 million.
HP said that this acquisition would enhance their offerings in its iSCSI suite.
LeftHand Networks has around 215 employees and [...]
Coke, IBM and Microsoft are the most valuable brands in the world
Interbrand, a global brand management firm has released their latest annual Global Brand List.
Coke has topped the charts once again. However there is a new player on the second spot.
IBM has displaced Microsoft to take that spot. Microsoft comes third.
As per the list, [...]
Hewlett-Packard to cut lots of jobs as part of acquiring Electronic Data Systems
Hewlett-Packard has announced that they plan to cut around 24,600 jobs over the next three years as they are in the process of acquiring Electronic Data Systems.
HP said that most of these job cuts would be from the Electronic Data Systems operations. And [...]
Hewlett-Packard post improved profits
US based personal computer maker HP has come out with their latest revenue report.
The company has gained from improved sales of laptop, blade. They have also gained from improved sales in the international market.
The revenues for the company were up 10 percent to US$28 billion in the quarter ending July.
The revenues from [...]
