hp

Following a major slew of layoffs last week, Hewlett-Packard is shuffling the deck at the top this week with some executive promotions.

Previously executive vice president of the HP's software unit, Bill Veghte has been bumped up to chief operating officer. According to a statement, Veghte has been assigned the task to "further accelerate the execution of the company's strategy by working across HP to drive innovation and customer satisfaction."

George Kadifa will replace Veghte as EVP of the software division. Previously serving in executive roles at IBM and Corio, Kadifa comes to HP from global … Read more

The Apple iPad is a deceptive little monster. And the companies that are getting caught up in its deception are paying dearly for it. HP Palm fell for it. RIM fell for it. Others fell for it to a lesser degree, and some are still in danger of suffering from it.

The problem is that when most of the traditional technology companies look at the iPad, they see the wrong things. They see an oversized smartphone screen that's extremely limited in what it can do. So they've said to themselves, "We can build one of those, add … Read more

HP and Asus released the first 27-inch Windows-based all-in-ones this year, but with 1,920x,1,080-pixel resolution screens, they failed to match Apple's high-density, 2,560x1,440 iMacs. Dell's new XPS One 27 does.

Dell says the starting price for the new XPS One 27 is $1,399. That puts it ahead of the $1,249 HP Omni 27, but on par with the Asus ET2700I. All are also at least $300 below the most affordable 27-inch iMac.

At least for now, those other 27-inch all-in-ones also all use second-generation Intel Core CPUs, aka Sandy Bridge. The XPS One 27 has third-generation Core i5 and Core i7 CPUs, aka Ivy Bridge.… Read more

Why is the largest computer company in the world not competing with Apple in the hottest device category?

The easy answer is that Hewlett-Packard shuttered its WebOS tablet business last summer.

The uneasy answer is that here we are in the summer of 2012 and HP, after announcing massive layoffs this week, has nothing to offer. (Sorry, the Windows 7 HP Slate doesn't count.)

And the outlook for HP doesn't necessarily improve when you think that it is putting all of its tablet eggs in Windows 8 and Windows RT devices.

Both of those categories are still unknown … Read more

HP's Enyo team says reports of its move to Google need clarification.

The Verge reported yesterday that Google would soon be assimilating the Hewlett-Packard team responsible for creating Enyo, the HTLM5-based application framework for WebOS that debuted on the failed TouchPad.

But a blog item posted on the Enyo Web site today says the majority of the team remains, that development of Enyo will continue, and that the Enyo team is expanding.

In an update to its report, and citing unnamed sources, The Verge had added that the person in charge of Enyo, Matt McNulty, was one of the … Read more

As Facebook's stock started its first week of trading, there were some startling allegations as to why the stock was tanking.

Facebook itself may be responsible for investors' tepid response to the social network's stock, which has been mostly falling since it went public on May 18. (As of Friday morning, Facebook shares were bouncing around the $32 level, down about 16 percent from the $38 IPO pricing.)

Initially, it looks like Morgan Stanley, the lead underwriter on the massive offering, was to blame for allegedly telling major clients it had reduced its revenue forecast for the company, … Read more

Google seems to be cornering the market on open-source operating systems.

The Web giant will soon be welcoming into its fold the Hewlett-Packard team responsible for creating Enyo, the HTLM5-based application framework for WebOS that debuted on the failed TouchPad, according to a report on The Verge. However, what they will be doing at Google remains a mystery.

Enyo is central to the development of WebOS, which was in limbo until HP decided to open source the operating system last December. The mobile platform was thought dead after then-CEO Leo Apotheker announced during an earnings call last August that the … Read more

Following a dismal turnout from Dell on Tuesday, Hewlett-Packard fared far better for the second quarter of 2012.

HP reported a net income of $1.9 billion, or 80 cents a share (statement). Non-GAAP earnings were 98 cents a share on a revenue of $30.7 billion. Separately, HP announced 27,000 job cuts and said it would plow the savings back into R&D.

Wall Street was expecting HP to report second quarter earnings of 91 cents a share on revenue of $29.92 billion.

CEO Meg Whitman commented in prepared remarks:

We are making progress in our … Read more

Hewlett-Packard said today it would eliminate 27,000 jobs as part of CEO Meg Whitman's plan to restructure the bellwether technology giant and cut costs.

The job cuts represent 8 percent of HP's work force, and would be completed by the end of fiscal 2014, the company said today.

In addition, HP will reduce expenses by streamlining its supply chain, narrowing its product portfolio, simplifying its market strategy, and improving its standard business practices. The cuts are expected to generate savings of $3 billion to $3.5 billion after fiscal 2014. The savings will be reinvested in the … Read more