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Friday 11th of June 2010

News Tag: HP

June 1, 2010

Hewlett-Packard announces thousands of job losses

by Kay Murchie
”Hewlett-Packard
The world’s largest technology company by sales, Hewlett-Packard (HP), has today announced it is to reduce headcount by 9,000. The Palo Alto, California-based company said the job losses will be the result of productivity gains and automation, in order to provide "next-generation services" which will benefit clients. It said: "As a result of productivity gains and automation, HP expects to eliminate roughly ...



November 12, 2009

HP in $2.7bn deal to buy 3Com

by Kay Murchie
HP in $2.7bn deal to buy 3Com
The world's largest computer maker, Hewlett-Packard (HP), has announced it is to buy networking software and equipment maker, 3Com Corp, in a deal worth $2.7 billion (£1.6 billion), subject to regulatory approval. The deal will see HP compete across the board with networking leader Cisco Systems Inc. The deal, which is expected to be finalised in the first half of next year, ...



May 20, 2009

Hewlett-Packard to axe 6,400 posts as profits fall

by Kay Murchie
”Hewlett-Packard
Hewlett-Packard (HP), the world’s biggest maker of PCs and printers, has reported a fall of 17% in quarterly profit as a result of weak consumer demand. In the three months to the end of April, HP said net profit totalled $1.7 billion (£1.1 billion) compared with $2.1 billion in the same period a year ago. Meanwhile, the company said it ...