Hewlett-Packard Launches iPad Rival Slate
Hewlett-Packard Corp. on Friday began selling its own tablet-style personal computer, marking the computer-making giant's entry into a rapidly-growing market dominated by Apple Inc.'s iPad.
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Jack Welch Disses HP's Board: 'Who Are These Board Members?'
Days after Oracle CEO Larry Ellison urged the entire board of Hewlett-Packard to "resign en masse right away," former General Electric CEO Jack Welch has jumped on the diss-HP's board bandwagon. The criticism comes in the wake of HP's hiring of Leo Apotheker as CEO. "Who are these board members?" Welch asked.
Larry Ellison: HP Board Must 'Resign En Masse Right Away'
Oracle CEO Larry Ellison doesn't think highly of Hewlett-Packard's board. In fact, he thinks the entire board should resign -- pronto. Why? Because "the madness must stop," Ellison said, referring to HP's hiring of Leo Apotheker, a former chief of German software giant SAP
$4 Million Signing Bonus for New HP CEO Leo Apotheker
HP shares dropped more than 3% in premarket trading Friday, a day after the company named Leo Apotheker to replace Mark Hurd as CEO. And if investors aren't impressed with the choice of the former CEO of software giant SAP to lead HP, they're really not going to like his compensation package.
Brocade Shares Jump on Rumors of IBM Buyout
Brocade Communications shares surged today on investor speculation that IBM may acquire the company, which makes switches for data-storage networks.
Mark Hurd Pitches New Oracle Data Servers at Annual Confab
Oracle Corp. Co-President Mark Hurd, who was brought aboard by the software giant after leaving his CEO post at Hewlett-Packard Co. last month amid controversy, unveiled four new versions of the company's Exadata storage servers at Oracle's annual customer conference in San Francisco today, the Wall Street Journal reported.
Oracle Earnings Pop 20% on New Software License Sales
Net income for the quarter ended Aug. 31 was $1.35 billion, or 27 cents a share, up from $1.12 billion, or 22 cents, a year earlier, Oracle said in a statement today. Revenue surged 48% to $7.5 billion.
Rising Sun: Oracle Shares Expected to Keep Growing on Sun Microsystems Buy
Wells Fargo analyst Jason Maynard expects Oracle shares to keep growing in the next 12 months as the result of its acquisition of Sun Microsystems earlier this year. The company is scheduled to report its earnings Thursday.
IBM CEO Disses HP and Hurd, Praises Oracle and Ellison
Big Blue isn't bullish on Hewlett-Packard. IBM CEO Samuel J. Palmisano launched a verbal barrage Tuesday at its Silicon Valley rival, criticizing HP's expensive 3PAR purchase, its handling of the ouster of scandal-tarnished CEO Mark Hurd, and its overall strategy.
Larry Ellison's Endgame: Buy HP to Fight IBM?
Now that Oracle CEO Larry Ellison has HP's Mark Hurd, he could be getting ready to make his next move -- and go for all of HP. Sounds crazy, but at least one respected tech analyst thinks it'll happen. And he notes that Ellison is used to winning.
Did Marc Andreessen Push Mark Hurd Out of HP?
The latest rumor floating around Silicon Valley: Hewlett Packard's newest board member, Marc Andreessen, the Silicon Valley legend who founded Netscape, pushed former CEO Mark Hurd out the door in an effort to assert his influence on the company's direction.
Intel and HP Downgraded on Weak Demand
Shares of computer makers Intel Corp. and Hewlett-Packard Co. were downgraded by UBS amid concerns that weak demand will force the companies to dramatically cut prices.
HP Sues Ex-CEO Mark Hurd Over New Oracle Job
Hewlett-Packard (HPQ) is suing its former chief executive, Mark Hurd, after news that he will be taking the post of co-president at competitor Oracle (ORCL). HP alleges that Hurd could end up violating confidentiality agreements by accepting the position.
Mark Hurd Stepping Down from News Corp. Board
The fallout continues for Mark Hurd. The former Hewlett-Packard CEO is stepping down from News Corp.'s board of directors.