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HPQ
Hewlett-Packard Co.

5/26/2012, 9:23 AM ET
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HPQ Market Currents more »
  • Friday 7:08 PM Responding to a report from The Verge that Google (GOOG) had acquired H-P's (HPQ) webOS team, H-P clarifies that "some key members" of the team working on the webOS-based Enyo app development platform have left the company, but "the majority of the engineering and leadership team remains." It adds the Enyo team is looking to hire new engineers.
    3 Comments
    [Tech]
  • Friday 4:21 PM It's not just founder Mike Lynch who's leaving H-P's (HPQ +2.6%) Autonomy unit: an anonymous exec tells Reuters 15%-20% of Autonomy employees (about 250 people) have left since H-P struck a $10B deal to buy the company last August. Discussing Autonomy's eye-opening FQ2 license revenue drop, the exec says issues related to handling sales leads played a role. "We have had to do things the HP way and the HP way has proved to be cumbersome." (earlier)
    Comment!
    [Tech]
  • Friday 9:15 AM H-P's (HPQ) webOS team, its fate in limbo since the company ended hardware development for the platform, is being acquired by Google (GOOG), The Verge reports. Possible reasons for Google's interest: the ability to use elements of webOS' UI in Android; the commercialization of the Enyo app development platform; and the fact Android design chief Matias Duarte previously worked on webOS. Chances are Google paid a lot less than H-P's prior asking price of $1.2B. (HPQ layoffs)
    2 Comments
    [Tech, M&A]
  • Thursday 6:31 PM H-P's (HPQ) layoffs are being conducted on the basis of salary and aren't weighing factors such as skills and performance, upset employees tell BI. It's also claimed cronyism is playing a big role in the layoff decisions. Deutsche's Chris Whitmore notes past restructurings have done little to improve's H-Ps competitive positioning, or cut its dependence on weak markets. 9K of H-P's 27K job cuts will occur this fiscal year, and result in $400M in cash charges. (more on HPQ)
    4 Comments
    [Tech]
  • Thursday 2:06 PM H-P (HPQ +1.8%) has given up most of the gains that followed its FQ1 beat and layoff plans. Concerns the $10B Autonomy purchase may be proving disastrous are probably playing a role. Not only did H-P report Autonomy, which was posting decent growth at the time of the acquisition, see a major Y/Y drop in license revenue, H-P fired founder Mike Lynch in response. The Guardian's sources indicate Lynch and his team didn't mesh well with H-P's "bureaucratic" culture. (transcript)
    1 Comment
    [Tech, On the Move]
  • Thursday 9:38 AM Though reiterating a Market Perform on H-P (HPQ +4.7%), BMO sees it as a better play than Dell (DELL -0.6%), following H-P's FQ1 beat and restructuring announcement. Dell's efforts to improve margins "will take too long to play out," BMO argues, whereas H-P will get a boost over the next few quarters from its restructuring. The fact Dell is underperforming a bit this morning suggests the Street takes H-P's results as evidence Dell's problems are partly of its own making. (HPQ transcript)
    Comment!
    [Tech, Quick Ideas]
  • Thursday 9:05 AM Premarket gainers: KUTV +34%. P +19%. CLDX +9%. HPQ +8%. GALE +6%.
    Losers: MNOV -52%. NTAP -13%. SIG -9%. TIF -8%.
    Comment!
    [On the Move]
HPQ in Focus more »
HPQ Instablog posts more »
  • HP's Software And Tear From Autonomy-WSJ
    Fri, May 25 • Tim Travis • Comment!
  • Barchart's Morning Call 5/23
    Wed, May 23 • Jim Van Meerten • Comment!
  • Facebook Is Too Expensive! These Technology Stocks Create A Better Shareholder Value
    Fri, May 18 • Dividend Sheet • Comment!
  • Dec 26th Article: Buy The Right Stock At Right Price.
    Thu, May 17 • freefdawatchlist • Comment!
  • ECB Printing Money, & Greece On The Edge Of Official Default
    Mon, May 14 • freefdawatchlist • Comment!
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Company Description

HP is a leading global provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses ("SMBs") and large enterprises, including customers in the government, health and education sectors. Our offerings span:

• multi-vendor... More