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Tag Archives: Hewlett Packard
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.
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 … Continue reading
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, … Continue reading
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 … Continue reading
Bloomberg: HP Board Said to Weigh Replacing Apotheker as CEO With Meg Whitman; Shares Soar
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 … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading
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, … Continue reading
