Hewlett-Packard clears U.S. hurdle to EDS purchase
Hewlett-Packard cleared an antitrust hurdle in its $13.2 billion purchase of Electronic Data Systems. A waiting period under U.S. law passed without any request for additional information from regulators, Hewlett-Packard said Monday. This indicates there’s no opposition to the deal. The purchase would more than double the computer maker’s revenue from services, challenging IBM. The [...]
25 most powerful people in business – Mark Hurd (16)
Chairman and CEO, Hewlett-Packard When the steely Midwesterner signed on to run Hewlett-Packard in 2005, the company was in the dumps. The board had fired his predecessor, the high-profile Carly Fiorina; morale was low; and the numbers were not looking good. All that has changed. HP is back at the top of its game. In [...]
Hewlett-Packard to reorganize printer business
Hewlett-Packard Co will reorganize its printer operations, trimming its five business units to three in a bid to become more efficient, reported on Thursday. The announcement was made in a Webcast to employees on Wednesday by print division chief Vyomesh Joshi, the newspaper reported in its online edition. The changes will consolidate HP’s laser-jet and [...]
Microsoft Strikes Search Deal With HP
Having recently launched a cash rebate scheme to encourage Internet searchers to choose Windows Live Search over the competition, Microsoft on Monday moved to make search engine selection even easier for consumers by making the choice for them. Microsoft said that it struck a distribution deal with Hewlett-Packard, the world’s largest PC manufacturer, to install [...]
HP taking aim on IBM with risky $13.2B acquisition of EDS
Riding a hot streak that has doubled its stock price in the past three years, Hewlett-Packard Co. is rolling the dice on a $13.2 billion acquisition of technology services provider Electronic Data Systems Corp. The all-cash deal announced Tuesday represents HP’s biggest gamble under the leadership of Mark Hurd, who was hired as chief executive [...]
HP regains spot as No. 1. Dell dropped to No.2
Hewlett-Packard leapfrogged over Dell to recapture the lead as the No. 1 PC maker worldwide for the first time in almost three years, according to Gartner. The analyst firm said Wednesday that HP edged out Dell by a mere 110,000 units shipped in the third quarter. Rival PC market trackers at IDC found HP had [...]
