HP’s failed acquisition of Autonomy is arguably even worse than the AOL-Time Warner merger in 2000. What’s more, the company ignored a long list of warning signs about Autonomy ahead of the acquisition.
Autonomy founder Michael Lynch and HP, which acquired the company last year, are trading public statements over alleged financial improprieties at Autonomy that led HP to write off $8.8 billion recently.
HP’s former CEO cleanly avoids blame over missing Autonomy’s accounting issues.
Hewlett-Packard is expected to announce a big reorganization today that will combine its printing and PC divisions under a single group, according to AllThingsD.
HP has acquired German print and cloud solutions company Hiflex for an undisclosed sum, the company announced today.
Meg Whitman said Hewlett-Packard wants to grow more organically in the future.
Tech giantHewlett-Packard reported better than expected earnings today, beating expectations despite a tough world economy and fierce competition.
Hewlett-Packard will report earnings today for the first quarter since Meg Whitman took over as chief executive of the technology industry giant in September.
[Update: HP has since said this is an "unfounded rumor."]
Editor's Pick Hewlett-Packard has many advantages as the world’s biggest technology company. But having a consistent CEO is not one of them.
Former eBay CEO and Calif. governor hopeful Meg Whitman will likely be named the new full-time CEO of Hewlett-Packard after markets close later today, according to All Things D.
With rumors circulating that Hewlett-Packard’s board may fire chief executive Leo Apotheker, it is interesting to note that his approval rating is declining fast among employees.
Hewlett-Packard shares are rising this morning on reports that former eBay chief executive Meg Whitman is being considered by HP directors as a possible replacement for current boss Léo Apotheker.
Hewlett-Packard said on Mondaythat it plans to spin off its personal computer division and is working on how to separate the unit from the rest of the company.
Guest Post HP has had to face tough realities this week. Fortunately, there is a way for it to survive: Embrace the inevitable trend favoring “vertical” companies.
“I don’t even want to look at the stock price today.”
Hewlett-Packard made some stunning decisions today that will affect its strategy for a long time to come. The announcements raise questions about what exactly is going through the mind of its chief executive, Léo Apotheker, and just how patient he will be when it comes to axing or keeping parts of the company that aren’t doing so well.
Hewlett-Packard is having quite a day.
Big companies go through a particular life cycle when it comes to expansion and vertical integration: They spend a lot of time growing businesses and then acquiring new ones. Hewlett-Packard did this when it acquired Compaq in 2001 under then-CEO Carly Fiorina.