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All Posts Tagged Tag: ‘Meg Whitman’

Meg Whitman Confident Despite HP Stagnation

HP this week released its fourth quarter 2014 and fiscal 2014 full-year financial results. The company reported quarterly revenue of $28.4 billion, down 2% from fourth quarter 2013. Full-year revenue was reported to be $111.5 billion, down 1% year-over-year. HP’s lackluster 2014 financial results were not unexpected, and the company hit both its GAAP and non-GAAP diluted net share earnings …

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HP Is Breaking Up Into Two Companies

Last week, it was eBay announcing a break-up of its business with eBay and PayPal becoming two separate public companies. This week, it’s HP. Hewlett-Packard announced that it too will split up into two public companies – Hewlett-Packard Enterprise and HP Inc. The former will focus on servers, storage, networking, converged systems, services, software, and its OpenStack Helion cloud platform. …

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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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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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Autonomy Auditor Denies Knowledge of HP’s Fraud Claims

The fallout from HP‘s allegations of massive accounting fraud at Autonomy continue to grow. Today, an account auditing firm that audited Autonomy’s financials before the company was purchase by HP has denied any knowledge of the accounting improprieties HP alleges. According to a statement obtained by the New York Times, auditing firm Deloitte “categorically denies that it had any knowledge …

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