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Tag: Hewlett Packard

November 21, 2012 | 10:39 am

HP Says Fraud Prompted $5B Overpayment

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NEW YORK (AP) Hewlett-Packard Co. said on Tuesday that it’s the victim of a multi-billion dollar fraud at the hands of a British company it bought last year that lied about its finances.

HP CEO Meg Whitman said executives at Autonomy Corporation PLC “willfully” boosted the company’s figures through various accounting tricks, which convinced HP to pay $9.7 billion for the company in October 2011.

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November 20, 2012 | 9:28 am

A.M. Splash: Calif. Cap-and-Trade Start Called a Success; HP Blames Aquisition for Huge Writedown; Dispute Could Slow Chevron Restart

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California’s first cap-and-trade auction sells out, declared ‘a success’ (SJ Mercury News) State regulators on Monday celebrated the results of last week’s first-ever auction of California greenhouse gas emission permits, declaring the long-awaited kickoff to the nation’s first effort to put a price on carbon pollution a success. The state did not disclose how many […]

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August 10, 2012 | 4:34 pm

Video Appears to Offer Peek Inside HP Factory

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You may have wondered from time to time who made the device you are using to read this blog post. Now a video being circulated on the Internet apparently offers an unobstructed view. Nothing much happens in this video. AnteboyanROX, who posted it, explains that he or she found the video on a Hewlett Packard […]

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September 23, 2011 | 11:11 am

Best HP-Related Tweet So Far?

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Our Online Community Engagement Specialist Ian Hill, who is on Twitter a lot, flagged it: It’s just like Andy Warhol said: “In the future, everyone will be CEO of HP for 15 minutes.” — Brian Alvey (@brianalvey) September 23, 2011 Yesterday, Mina Kim talked to Crawford Del Prete, analyst and executive vice president of International […]

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Bloomberg: HP Board Said to Weigh Replacing Apotheker as CEO With Meg Whitman; Shares Soar

September 21, 2011 | 8:44 am

Bloomberg: HP Board Said to Weigh Replacing Apotheker as CEO With Meg Whitman; Shares Soar

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Report from Bloomberg here… Hewlett-Packard Co. (HPQ)’s board plans to meet to consider whether to oust Leo Apotheker as chief executive officer after less than 11 months on the job, two people familiar with the matter said. Under a scenario being considered, Hewlett-Packard’s directors may appoint former EBay Inc. (EBAY) CEO Meg Whitman as his […]

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Morning Splash: Obama Administration to Allow Some Illegal Immigrants to Work; HP May Sell PC Business; San Rafael Hotel Gunman Found Dead

August 19, 2011 | 7:01 am

Morning Splash: Obama Administration to Allow Some Illegal Immigrants to Work; HP May Sell PC Business; San Rafael Hotel Gunman Found Dead

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Government will stop deporting some illegal immigrants, allow them to work (Contra Costa Times) The government will stop deporting many students and other illegal immigrants who are not a public safety threat and permit them to work in the country legally, the Obama administration announced Thursday. A new federal group will review the 300,000 backlogged […]

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February 22, 2011 | 3:45 pm

HP Shares Hammered

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Update Wed: HP stock is not doing much better this morning, down about 10 percent. Original post HP shares are getting hammered after-hours after the company released it earnings report and a diminished sales outlook. The stock is down about 12 percent from its close. The company cut its revenue projection from $132 to $133.5 […]

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January 20, 2011 | 2:03 pm

Meg Whitman Named to HP Board in Housecleaning

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No pun intended in that headline. From NBC Bay Area: The former Republican governor hopeful is one of five new directors set to join the Hewlett-Packard board of directors. The world’s largest computer maker announced Whitman’s appointment after the close of the bell Thursday. Whitman will be joined by Shumeet Banerji, CEO of Booz & […]

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December 20, 2010 | 4:35 pm

Wall Street Journal: SEC Investigating Mark Hurd Over Sharing Inside Information

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From the Wall Street Journal: Federal regulators are investigating Mark Hurd’s departure from Hewlett-Packard Co., in a broad inquiry that includes claims the former chief executive shared inside information, people familiar with the matter said. As part of the probe, the Securities and Exchange Commission is examining whether Mr. Hurd passed information about H-P’s $13.9 […]

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