Hewlett-Packard chairman Ray Lane, along with three board members, will meet with some of his company's top investors to reassure them about the job they're doing, according to a new report.
Speaking to the Wall Street Journal in an interview published today, William Patterson, executive director of CtW Investment Group, a large HP shareholder, said that he and his supporters will lead a charge aimed at removing Lane and two of his fellow board members, John Hammergren and G. Kennedy Thompson, at the company's annual meeting on March 20.
That is, Patterson told the Journal, unless HP … Read more
During Hewlett-Packard's first-quarter earnings conference call, CEO Meg Whitman clarified the company's "better together" strategy.
"We have no plans to to break up the company," Whitman said, in response to a question from an analyst. "I feel quite strongly that we are better and stronger together."
She reiterated this was part of HP's "better together" strategy. In short, Whitman is saying that HP as a whole is more than the sum total of its parts.
The disruptive innovation comment from CEO Meg Whitman likely revolved around Project Moonshot, the company's ARM-based server designed for hyperscale environments.
HP reported first-quarter earnings of $1.6 billion, or 63 cents a share, on revenue of $28.4 billion, down 6 percent from a year ago. Non-GAAP earnings in the first quarter were 82 cents a share. Wall Street was looking for first-quarter earnings of 71 cents a share on revenue of $27.… Read more
Apple enjoyed a healthy gain in consumer technology sales last year amid a down market.
The iPhone maker took home 19.9 percent of all consumer technology sales in the U.S., up from 17.3 percent in 2011, according to stats released today by NPD Group.
Based on sales, Apple proved to be the top consumer brand for the year, outshining Samsung, HP, Sony, and Dell. Beyond Apple, only Samsung's cut of revenues rose among the five, reaching 9.3 percent from 7 percent the prior year.
Together, Apple and Samsung scooped up $6.5 billion in higher … Read more
If Hewlett-Packard introduces an Android tablet, the newfound rivalry with Microsoft will be one motivating factor, according to analysts.
"I can see why they would go down this route instead of sticking with Microsoft for everything," said Ben Bajarin, a principal at Creative Strategies.
That may be putting it charitably. "[PC makers] are pissed off at Microsoft. That's the general mood," said Roger Kay, principal analyst at Endpoint Technologies, referring to Microsoft's entry into the PC/tablet market with Surface.
A lot of apps are designed by boys.
Because a lot of boys are quite linear, they design largely with boys in mind.
Boys then buy these apps, which are often based on relatively puerile forms of humor and behavior, for which boys are quite renowned.
However, occasionally boys design with girls in mind. And therein lies disaster.
One such disaster has affected Chubby Checker's pants. For he has them in a twist about an app that's called, well, Chubby Checker. (Must I explain the derivation?)… Read more
Hewlett-Packard is doing an Android tablet too, according to a report from ReadWrite.
HP's first Android tablet will be a "high-end" affair based on Nvidia's upcoming Tegra 4 chip, according to the blog.
"It could be announced soon," the report said.
It also ended plans for a WebOS-based phone at that time.
HP had also been slated to make a Windows RT … Read more
Hewlett-Packard has placed new rules on its China-based suppliers over how they handle student labor, according to a new report.
The company's new rules, which were reportedly given to suppliers this morning, require that all student workers join the supply line on their own accord, The New York Times is reporting. The rules, which the Times obtained and published last night, also require that students have the ability to "leave work at any time upon reasonable notice without repercussions."
Student labor is common in China. Suppliers across the country use students to aid their efforts in manufacturing … Read more
Market researcher Canalys has again put Apple in top spot among PC makers with an overwhelming 20 percent market share.
Apple shipped 27 million units in the fourth quarter, while HP and Lenovo both shipped around 15 million (HP slightly more than Lenovo), putting them in the No. 2 and No. 3 spots, respectively.
Samsung is also on the rise: it made an appearance in the top five for the first time, pushing Dell out of fourth place.
All of this is possible because Canalys counts "pads," i.e., tablets, as PCs -- not a ludicrous concept considering … Read more