The PC business didn't suck nearly as bad as feared, and Hewlett-Packard's first quarter benefits. The company sees strong enterprise demand for PCs as Windows XP systems are tossed.
Hidden amid Hewlett-Packard's second-quarter report is news that up to 16,000 more jobs are on the chopping block.
CEO Meg Whitman is consolidating the marketing and communications groups, among other movements in the C-suite.
Todd Bradley steps down from HP's PC and printer unit to be replaced by Dion Weisler, a former Lenovo and Acer executive. HP is hoping the two can form an executive tag team to tackle China and Lenovo.
Hewlett-Packard turns over its board as investors are still seething over the Autonomy acquisition debacle.
CEO Meg Whitman notes that HP "still has a lot of work to do to generate the kind of growth we want to see," but "we expect the benefits from our restructuring will accelerate through fiscal 2013."
Intel-based Windows 8 tablets and hybrids from the world's two largest PC vendors, Lenovo and Hewlett-Packard, have been experiencing delays.
CEO Meg Whitman says that the company is "taking the necessary steps to improve execution."
Apple unseated IBM as the top brand of 2011, according to a new study by Davis Brand Capital. The popular gadget maker came in seventh place in last year's tally.