ie8 fix

hewlett-packard

CEO of beleaguered HP made $15.4M last year

Meg Whitman, CEO of the struggling Hewlett-Packard, pulled in $15.4 million in compensation during fiscal 2012.

Her base salary may have been only $1, but, as reported by Reuters (which cited an HP filing made yesterday with the SEC), the former eBay chief and onetime California gubernatorial candidate was awarded a bonus of $1.7 million, along with stock options and the like valued at more than $13 million (most of which haven't yet vested).

The bonus was awarded under HP's "Pay for Results" plan, which considers performance benchmarks including revenue, free-cash flow, and achievement … Read more

At CES, two HP laptops do Windows 8 right

LAS VEGAS--At CES this week, Hewlett-Packard hardware got my attention.

Though the company has been savaged in the media because of dubious acquisition decisions and a falling stock price, its brief exhibition of new Windows 8 laptops and hybrids at CES was impressive.

I'll focus on two, the EliteBook Revolve and Spectre XT TouchSmart ultrabook-- both touch-capable Windows 8 laptops. The systems were fleetingly exhibited at CES by HP during an event at the MGM Grand event on Monday night.

I'll start with the Spectre XT TouchSmart because it was also at Intel's CES booth all week … Read more

Spy fears lead nuke lab to dump gear from HP unit, not Huawei

Los Alamos National Laboratory is reportedly removing network switches made by a partnership that once included controversial Chinese telecommunication gear maker Huawei because of national security concerns.

But Huawei, which was rebuked last fall by the House Intelligence Committee for posing a national threat because of potential ties to the Chinese government, hasn't been part of H3C Technologies, the partnership that makes the switches, since 2006, Reuters reported.

Huawei created H3C as a joint venture with 3Com in 2003. Three years later, 3Com bought Huawei's stake in the venture. And in 2010, Hewlett-Packard bought 3Com.

All of which … Read more

How Microsoft became a control freak with tablet makers

Microsoft wasn't taking chances.

The company was about to introduce one of its biggest operating system releases, and it needed its hardware partners to develop products that could genuinely rival the iPad and Android tablets.

Microsoft took control of partners working with the new Windows RT software that ran on low-power chips normally used for cell phones. It held regular meetings with the small group of companies in its development program and dictated to a large extent what the devices looked like. Details were everything. Microsoft even told one company to move the location of its Windows home key, … Read more

Windows 8 wrestles with PC's legacy

I'm by no means the first one to say this but Windows 8 and older PCs make an odd couple.

But let me back up for a second. Before the release of Windows 8 on October 26, I tested Windows 8 on tablets only, such as the Intel-based Samsung slate that Microsoft sold in its stores. And I was impressed with Metro.

That was then. Windows 8 Pro 64-bit is now installed on my Dell Adamo laptop. And I rarely venture into the Metro UI unless if I'm forced to.

Of course if you're one of the … Read more

Autonomy founder fires back at HP after news of DOJ inquiry

Autonomy founder and former CEO Mike Lynch is firing back at Hewlett-Packard after the release of HP's annual report with the U.S. Securities and Exchange Commission today. The report states that the federal government opened an inquiry into HP's acquisition of Autonomy in November and hints that Autonomy's accounting is partially to blame.

"It is extremely disappointing that HP has again failed to provide a detailed calculation of its $5 billion write-down of Autonomy, or publish any explanation of the serious allegations it has made against the former management team, in its annual report filing … Read more

HP confirms: Feds investigating the Autonomy acquisition

Hewlett-Packard's purchase of enterprise software company Autonomy has already resulted in controversy, lawsuits and an $8.8 billion charge against earnings. Added to that list today: a Department of Justice investigation.

HP's annual report, released today, confirms that the federal government has opened an inquiry" into the deal.

"On November 21, 2012, representatives of the U.S. Department of Justice advised HP that they had opened an investigation relating to Autonomy," the report says. "HP is cooperating with the three investigating agencies."

HP acquired Autonomy in August 2011 for $11.1 billion, or … Read more

HP to Apple: Hey, we already make PCs in the U.S.

If Made In USA is a feature, Hewlett-Packard's got Apple beat.

In effect, that's what HP said today. "Lots of noise...about Apple moving Mac production back to the U.S.... [We] wanted to offer HP's story," said an HP representative via e-mail Friday.

Part of that story was provided by way of a blog post.

"HP PCs have been assembled in the U.S. since the beginning," the post begins. "HP workstations and commercial desktop PCs are manufactured in Indianapolis, and HP servers are manufactured in Houston. These manufacturing facilities employ … Read more

Critics pile on HP as Moody's cuts rating

Moody's cut Hewlett-Packard's rating today, topping a day marked by a rash of critical articles about the Silicon Valley giant.

Moody's Investor Services cut HP's long-term credit rating to Baa1, three levels above junk, from A3, according to Bloomberg. The rating agency said that HP's "credit profile will remain weaker than previously expected over the intermediate term," among other reasons.

This comes in the wake of an $8.8 billion writedown related to alleged fraudulent accounting at Autonomy, the software company HP acquired last year.

And HP's core businesses aren't faring … Read more

HP claims 'extensive evidence' of Autonomy accounting scam

Hewlett Packard says it has discovered "extensive evidence" that an unspecified number of former employees of Autonomy had cooked the books prior to HP's $11.1 billion acquisition of the software company.

In its fourth quarter earnings report last week, HP announced it was taking an $8.8 billion charge related to its purchase of Autonomy. At the time, HP said that it bought the company based on pumped-up and fraudulent accounting. Since then, HP and Autonomy founder and former CEO Mike Lynch have engaged in a public war of words about who was really to blame … Read more