Tag Archives: HewlettPackard

HP becomes a platinum member of the Linux Foundation

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HP becomes a platinum member of the Linux Foundation

Snagging a first-class upgrade might empty out the contents of your wallet, but be glad you're not trying to buy your way to the Linux Foundation's top table. With a strategic investment of $500,000, Hewlett Packard has just become a platinum member of the body, alongside companies like Intel, Qualcomm and Samsung. In exchange for all that cash, HP gets a seat on the Foundation's board of directors and will have a say in how to advance the foundation's aims -- and hopefully give Open webOS a gentle push, too.

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HP becomes a platinum member of the Linux Foundation originally appeared on Engadget on Mon, 05 Nov 2012 06:26:00 EDT. Please see our terms for use of feeds.

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Meg Whitman says HP has to ‘offer a smartphone’

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Meg Whitman says HP has to 'offer a smartphone'

HP bet big on the smartphone world when it purchased Palm, but the company fell flat on its face and webOS failed to take off. The reasons for the failure are numerous, but the new CEO Meg Whitman is smart enough to realize it can't simply abandon the market entirely. In an interview with Fox Business, she said that HP "ultimately has to offer a smartphone." Though she was willing to acknowledge that the company is "working on this," she would not divulge too many details about its mobile plans. Whether or not webOS may rise from the ashes as a largely community-powered platform remains to be seen, but we wouldn't be shocked to see HP pivot towards its longtime partner Microsoft, and release a Windows Phone 8 device. Perhaps the best glimmer of hope for the former Palm system was Meg's focus on developing markets. She rightly points out that, in some parts of the world, the first and only "computer" a person may own is a smartphone -- and reaching that audience is essential to Hewlett-Packard's success. Going back to the webOS well (with its open source support) would allow the company to save a few dollars on the cost of a new handset. Check out the video after the break for the full quotes in context.

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Meg Whitman says HP has to 'offer a smartphone' originally appeared on Engadget on Fri, 14 Sep 2012 09:43:00 EDT. Please see our terms for use of feeds.

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HP adds another 2,000 to the chopping block, cutting 29,000 jobs by 2014

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Looks like May's Hewlett-Packard layoff numbers were about 2,000 short of reality, as the American hardware company adjusted its previous 27,000 estimate to 29,000 in a recent SEC 10-K filing spotted by ZDNet. Those employees represent approximately eight percent of HP's entire workforce, and the restructuring saves the company $3 to $3.5 billion per year -- money it badly needs following last quarter's losses. HP says that 3,800 employees were affected as of July 31, 2012 -- just over 13 percent of the restructuring total. It's unclear how many more will be affected by year's end, if any.

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HP adds another 2,000 to the chopping block, cutting 29,000 jobs by 2014 originally appeared on Engadget on Mon, 10 Sep 2012 12:41:00 EDT. Please see our terms for use of feeds.

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HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss

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HP announces Q3 earningsTo say that HP is in a bit of a transitional period would probably be an understatement. As expected, the $8 billion hit it took over the EDS purchase severely impacted its bottom line. While revenue was down year-over-year to $29.7 billion, that five percent drop equated to a 568 percent decline in income as the company posted a loss of $8.9 billion. If not for the combined $10.8 billion in charges it was forced to absorb this quarter, the company's net-income would have stood at $2 billion -- which would have been a significant improvement over Q2's $1.6 billion in profit. While such a staggering loss does appear bad, the non-GAAP results should give investors some hope, as the merger and layoff related charges are a one-time deal. Still, the outlook continues to be grim at the Personal Systems Group which has seen revenue drop 10 percent over the last year. The lone bright spot in the company's line up appears to be its software division, where revenue has grown 18 percent year-over-year. CEO Meg Whitman issued a statement alongside the Q3 2012 earnings report looking to assuage nervous investors' fears. "HP is still in the early stages of a multi-year turnaround, and we're making decent progress despite the headwinds," she asserts and assures that better days lie ahead. For more financial fun, check out the PR after the break and all the tables and charts you can handle at the source.

Continue reading HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss

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HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss originally appeared on Engadget on Wed, 22 Aug 2012 16:38:00 EDT. Please see our terms for use of feeds.

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HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss

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HP announces Q3 earningsTo say that HP is in a bit of a transitional period would probably be an understatement. As expected, the $8 billion hit it took over the EDS purchase severely impacted its bottom line. While revenue was down year-over-year to $29.7 billion, that five percent drop equated to a 568 percent decline in income as the company posted a loss of $8.9 billion. If not for the combined $10.8 billion in charges it was forced to absorb this quarter, the company's net-income would have stood at $2 billion -- which would have been a significant improvement over Q2's $1.6 billion in profit. While such a staggering loss does appear bad, the non-GAAP results should give investors some hope, as the merger and layoff related charges are a one-time deal. Still, the outlook continues to be grim at the Personal Systems Group which has seen revenue drop 10 percent over the last year. The lone bright spot in the company's line up appears to be its software division, where revenue has grown 18 percent year-over-year. CEO Meg Whitman issued a statement alongside the Q3 2012 earnings report looking to assuage nervous investors' fears. "HP is still in the early stages of a multi-year turnaround, and we're making decent progress despite the headwinds," she asserts and assures that better days lie ahead. For more financial fun, check out the PR after the break and all the tables and charts you can handle at the source.

Continue reading HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss

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HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss originally appeared on Engadget on Wed, 22 Aug 2012 16:38:00 EDT. Please see our terms for use of feeds.

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HP creates Mobility division to focus on consumer tablets, taps ex-MeeGo maven Alberto Torres to run it

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HP creating Mobility division to focus on consumer tablets, taps exMeeGo maven Alberto Torres to run itDespite the culling of Palm's offerings from its product portfolio, HP isn't exiting the tablet space. Far from it. Evidence of a new tablet has been floating around since April, and we've even caught a couple glimpses of the so-called Slate 8. Now, The Verge reports that the company has created a Mobility unit within the Personal Systems Group dedicated to making such consumer hardware. According to a leaked internal memo, it looks like Alberto Torres, formerly chief of MeeGo ops at Nokia, will be the man in charge of the new division. The Mobility group will first focus on tablets, with a "soon-to-be-launched" initial offering, but it plans to expand into other product segments moving forward. The full leaked memo can be found at the source below.

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HP creates Mobility division to focus on consumer tablets, taps ex-MeeGo maven Alberto Torres to run it originally appeared on Engadget on Fri, 17 Aug 2012 13:34:00 EDT. Please see our terms for use of feeds.

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webOS team becomes Gram, isn’t heavy on mission statements

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webOS team becomes Gram, isn't heavy on mission statements

HP's webOS team has been keeping busy with its open source project, but it's time for a new challenge in the form of Gram: a fresh HP-funded offshoot focused on "software, user experience, the cloud, engineering, and partnering." We're not quite sure where that list could lead, but webOS, Enyo and cloud services are all expected to play a role in future endeavors. Judging from the fancy flyer after the break, a lot of energy is going into brand-building right now, along with a dose of secrecy, but hopefully some more concrete details will happen along soon.

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webOS team becomes Gram, isn't heavy on mission statements originally appeared on Engadget on Wed, 15 Aug 2012 06:58:00 EDT. Please see our terms for use of feeds.

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Gartner reports Western Europe desktop shipments down, portable PCs up in Q2 2012

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Gartner reports Western Europe desktop shipments down, portable PCs up in Q2 2012

When it comes to technology and the end of a financial quarter, you can bet your wage there'll be an analyst report or two letting you what's what. And according to Gartner's latest estimates for Western Europe, PCs didn't fare too well in Q2 of this year, with a 2.4 percent decrease in shipments compared with the same period in 2011. Consignments of mobile PCs (read: not tablets) grew by 4 percent, while desktops floundered, dropping 12.8 percent. Of this, a minor growth of 0.4 percent was recorded in consumer PCs, while the professional market decreased by 5.3 percent. Among the big hitters, HP remained at the top of the pile despite losing some market share, and Acer remained in second position with a mild increase in the same. ASUS put in a healthy performance, moving the company up to bronze medal position, while Dell dropped off the podium to fourth. The vendor statistics for the whole region were echoed in France in Germany, but during the quarter Apple managed to break into the top five in the UK market. Meike Escherich, principal analyst at Gartner, attributes the overall performance to economic uncertainty in the region, as well as lackluster demand in the wait for Windows 8 machines. We don't want to spoil all the fun, so a comprehensive breakdown of the numbers awaits you at the source link.

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Gartner reports Western Europe desktop shipments down, portable PCs up in Q2 2012 originally appeared on Engadget on Thu, 09 Aug 2012 14:39:00 EDT. Please see our terms for use of feeds.

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HP expects to take $8 billion hit over its purchase of EDS

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HP takes $8 billion hitNormally shake ups in management and earnings outlooks don't really grab our attention. But, buried in the PR for just such moves from HP today was a particularly intriguing tidbit of information. In Q3 the company expects to be hit for $8 billion in pre-tax assets (but not cash) as part of an "impairment of goodwill" charge related to the purchase of Electronic Data Systems. That's in addition to a $1.5 billion charge it'll be absorbing following the layoff of some 27,000 employees in May. While the company has actually raised its earnings outlook for the quarter, we'll have to wait till August 22nd to find out just how much these two charges will affect the bottom line. For some more detail, check out the PR after the break.

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HP expects to take $8 billion hit over its purchase of EDS originally appeared on Engadget on Wed, 08 Aug 2012 16:17:00 EDT. Please see our terms for use of feeds.

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Unannounced HP tablet glimpsed in official picture (again), could be Slate 8

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HP's Make it Matter site features a shot of a medical-type person using a mysterious device that's the spitting image of one we saw in July. While the company's made no secret of its plans for a Windows 8 tablet, it's yet to confirm if this is the Slate 8 or some other unannounced flagship. Given the context, perhaps this is an enterprise offering designed for corporate customers, or it could just as easily be the fever-dream of a Madison Avenue art director. If it's real, we'd expect a release around October 26th along with the rest of the Windows 8 cohort.

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Unannounced HP tablet glimpsed in official picture (again), could be Slate 8 originally appeared on Engadget on Mon, 06 Aug 2012 05:45:00 EDT. Please see our terms for use of feeds.

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