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All Posts Tagged Tag: ‘HP’

LG Buys WebOS For Use in Smart TVs

After HP bought Palm in 2010, the company promptly proceeded to run the webOS operating system into the ground with a series of lackluster products. The HP TouchPad was the company’s final official webOS product, and the company ended up dropping the tablet’s price to $100 after it became a marketplace failure. In December of 2011, HP announced that is …

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HP Slate 7 Announced, Specs and Price Released

It seems that mini-tablets are the product that tech manufacturers have decided they need to sell in 2013. While Amazon’s Kindle Fire and Apple’s iPad Mini dominate the category, the new flood of 7-inch to 8-inch tablets announced at this week’s Mobile World Congress will soon be lost to time as newer versions of popular tablets are announced. The latest …

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Autonomy’s Former Execs “Welcome” FRC Investigation

Back in November 2012, HP announced its dismal quarterly results and blamed around $5 billion of its $8.8 billion impairment charge on “serious accounting improprieties, misrepresentations, and disclosure failures” at Autonomy prior to its purchase by HP in 2011. Autonomy founder Mike Lynch shot back at HP immediately, starting a website and issuing an open letter accusing HP of mismanagement. …

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HP Enters Chromebook Market With The Pavilion 14

It may have taken a few years, but Google’s Chromebook is finally taking off as a valid alternative to the traditional Windows laptop and MacBook. That means more OEMs are starting to make them with HP being the latest to join the fray. HP announced the Pavilion 14 Chromebook this morning as part of its “multiOS approach to offer customers …

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Calling All Hackers: Google Wants You To Break Chrome OS At Pwnium 3

Pwnium is the annual hacker competition where Google invites coders from around the world to find security holes in Google Chrome. That changes this year as Google wants hackers to break both of its Chromium projects. Google announced today that Chrome will be one of the browsers hackers can take on at the annual Pwn2Own Competition. This year’s competition is …

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HP Rebuffs Offers For Autonomy, EDS and Opens New Executive Center

The Wall Street Journal is reporting that HP has received offers to buy both Autonomy and EDS. The companies have lost much of their value since being acquired by HP, forcing around 16 billion in write-downs during HP’s last two quarterly reports of 2012. This news come in light of reports that HP could attempt to sell off some of …

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PC Sales Declined During Last Year’s Holiday Season

A new report issued this week by International Data Corporation (IDC) shows that worldwide PC shipments during the fourth quarter of 2012 actually declined, down 6.4% from 2011. The 89.8 million units were less than even the predicted decline of 4.4%. This is is spite of the launch of Windows 8 and the accompanying products from companies such as HP, …

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HP Could Sell Off Divisions to Shore-Up Revenue

2012 was certainly a bad year for HP. The company saw its revenues fall and its stock price followed. Tens of thousands of planned layoffs have been announced, and ts last two quarterly reports have included write-downs of more than 8 billion dollars. It’s not clear anymore that HP can survive the changing consumer PC market, even by simply acquiring …

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Can HP Survive the Post-PC Revolution?

On November 20, 2012, Hewlett-Packard (HP) announced its second quarterly write-down of over $8 billion dollars in a row. That in itself is cause for alarm, but the fact that HP blamed the write-downs on two of its largest recent acquisitions means the company could be flailing to find a foothold in a world where PCs and printers are quickly …

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HP Announces New EVP of Enterprise Services

Back in August, HP announced a huge $8 billion write-down stemming from the loss of value seen in Electronic Data Systems (EDS). HP bought the company in 2008 for $13.9 billion. As part of the announcement, the company sacked John Visentin, HP’s head of Enterprise Services and replaced him with temporarily with an EDS executive named Mike Nefkens. Today, HP …

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Autonomy Founder Starts Website to Combat Fraud Allegations

Autonomy founder Mike Lynch has been outspoken since HP leveled accounting fraud allegations against his former company. The executive, who left Autonomy earlier this year, has denied any wrongdoing and has shot back at HP, stating that mismanagement and infighting between HP divisions is responsible for the company’s massive value loss. Now, Lynch has created a website, AutonomyAccounts.org, to be …

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Shareholders Sue Everyone Over HP/Autonomy Deal

When HP announced last week that it was taking an $8.8 billion impairment charge, and that $5 billion it is related to “serious accounting improprieties, misrepresentation, and disclosure failures” at Autonomy before HP acquired the firm, it was clear that the lawsuits would soon be flying. Lawyers no doubt jumped into action before the earnings call was even over, and …

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