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Hewlett-Packard (NYSE:HPQ) will pay $16.2M to settle a federal suit claiming it violated bidding...

Nov. 11, 2010 2:19 PM ETHP Inc. (HPQ) StockCSCO, HPQBy: Marc Songini, SA News Editor
Hewlett-Packard (NYSE:HPQ) will pay $16.2M to settle a federal suit claiming it violated bidding rules to win technology contracts with two Texas school districts. While H-P has promised to behave better, its stock price is still -2.9 %, making it one of the companies worst-affected by Cisco's (NASDAQ:CSCO) gloomy earnings report.

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