Sunday, April 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Ex-Apple CEO To Sell Mobiles In India
HTC Hired Ex-Samsung Marketing Officer
Xbox One Wolrdwide Sales Cross 5 million
Samsung Works With GLOBALFOUNDRIES On 14 nm FinFET Offering
Facebook To Find Nearby Friends
Console Sales Lift AMD's First Quarter Results
LG Expands 'Second Screen' TV Ecosystem With Open-Source SDK
Amazon Announces Kindle Service For Samsung Devices
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > HP Repl...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, August 22, 2013
HP Replaces Enterprise Chief, Q3 Earning Drop


Hewlett-Packard Co shuffled its top ranks on Wednesday, shifting a star executive to a role identifying acquisition targets after a disappointing performance the company's enterprise division.

HP reported a 9 percent decline in Enterprise Group revenue, the company's second-largest division and a sector inb which the company has been competing with IBM and Cisco.

Dave Donatelli was replaced by Bill Veghte at the helm of the Enterprise Group on Wednesday, with CEO Meg Whitman calling the unit's performance "very disappointing."

"What has changed about 2014's outlook is a couple of things - Enterprise Group's performance especially during the quarter," she told analysts on a conference call. "Weak execution has amplified the market challenges we know exist."

"It's unlikely ... that we'll see the growth in 2014 that I had hoped."

Donatelli eas behind some of the company's most significant acquisitions in past years, including of 3Com and 3PAR, which helped catapult HP deeper into the networking and storage markets, respectively.

Whitman said the computing giant was "back in the market" for strategic acquisitions.

In all, the company recorded revenue of $27.2 billion in the fiscal third quarter, down from $29.7 billion a year earlier.

Net income in the quarter came to $1.39 billion, compared with an $8.9 billion loss a year earlier.

Excluding one-time items, the company earned 86 cents a share.

Meg Whitman on Thursday also said in a televised interview on Thursday, that her company was back in the market for acquisitions of up to $1.5 billion,

Whitman ,told business channel CNBC the company could also do deals in the $100 million to $300 million range.

"We have our eye on a number of areas," the executive said in the interview. Whitman did not elaborate on specific targets but explained how the company could use acquisitions.

"Acquisitions will become part of our future, to further some of our strategic initiatives and shore up some of the product holes," she said.

"We don't need a five or six billion dollar acquisition. I think there are acquisitions in the $100 million, $300 million range, maybe some up to 1 to $1.5 billion that we might be interested in."

She also ruled out the idea of breaking up HP or selling assets.


Previous
Next
Ubuntu Edge Smartphone Campaign Fails To Raise Goal Amount        All News        Yahoo Tops Google in U.S. For Web Traffic in July
Facebook Login Is Now Safer     General Computing News      Yahoo Tops Google in U.S. For Web Traffic in July

Get RSS feed Easy Print E-Mail this Message

Related News
HP Unveils New DreamColor Displays And Z Turbo SSD
HP To Enter The 3D-printing Market
HP Is Rolling Out Budget Android Tablet
HP Unveils 360-Degree Convertible PC, 64-bit Windows 8.1 Tablets
HP Chromebox Comes in Four Colors
HP Returns To The Smartphone Market With Two Phablets
HP Announces New all-in-one Business PCs, Laptops and Desktops
HP Updates Commercial PC line, Reveals Thin Client With Quad-Core Processors
HP Expands Leap Motion Gesture Controller Integration into All-In-One and Desktop Platforms
HP Launches New Android Tablets
HP Reports Improved Fourth Quarter Results
HP To Release $89 Android tablet With Intel Chip Next Week

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .