Hewlett-Packard launches a star-studded campaign — which an unnamed source told The Wall Street Journal will cost $40 million — to change its image as a printer and PC company. But is it just a waste of shareholder money? Continue reading HP: More Than Printers, and Willing to Waste Money to Prove It HP: More Than Printers, and Willing to Waste Money to Prove It originally appeared on DailyFinance on Thu, 11 Mar 2010 21:00:00. Filed Under: Company News , Technology , Hewlett-Packard Permalink | Tweet this! | Comments

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HP: More Than Printers, and Willing to Waste Money to Prove It

In the decade since the tech-heavy Nasdaq reached its all-time high during the Internet bubble, the index has recouped just half of its losses. Even so, the tech sector is booming once again, and it’s a good time to ask: where is tech headed in the next ten years? Continue reading Ten Years After the Dot Com Bust, Tech Is Booming Again Ten Years After the Dot Com Bust, Tech Is Booming Again originally appeared on DailyFinance on Wed, 10 Mar 2010 17:00:00. Filed Under: Technology , Hewlett-Packard , Intel , Apple , Amazon.com Inc. , Facebook , Cisco Systems Inc. , eBay , Twitter Permalink | Tweet this! | Comments

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During the week ahead on Wall Street, several big names will be in focus on the earnings front, including retail powerhouse Walmart, which is expected to report fourth-quarter earnings of $1.12 per share. Other reports to watch include department store operator J.C. Penney and tech titan Hewlett-Packard. Continue reading The Week Ahead on Wall Street: Walmart Earnings in Focus The Week Ahead on Wall Street: Walmart Earnings in Focus originally appeared on DailyFinance on Sat, 13 Feb 2010 10:00:00. Filed Under: Company News , Earnings , Hewlett-Packard , JC Penney , Wal-Mart Stores Permalink | Tweet this! | Comments

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At first it seemed like bad timing. Oracle ( ORCL ) CEO Larry Ellison found his company going virtually head-to-head with Apple ( AAPL ) CEO Steve Jobs in dueling webcasts announcing major tech news on Jan. 27. It was no contest: Apple’s iPad launch party easily overshadowed Oracle’s get-together to highlight the completion of its $7.4 billion acquisition of Sun Microsystems — so much so, that it appeared as if Oracle had made a rare publicity blunder. But maybe not. Continue reading In Integrating Sun, Oracle Bets Big on a New Sales Strategy In Integrating Sun, Oracle Bets Big on a New Sales Strategy originally appeared on DailyFinance on Fri, 29 Jan 2010 13:15:00. Filed Under: Company News , Technology , Investing Permalink | Tweet this! | Comments

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In Integrating Sun, Oracle Bets Big on a New Sales Strategy

Even though the New Year has only just begun, we’ve already seen some big merger and acquisitions action . Novartis ( NVS ) agreed to pay $28 billion for the rest of Alcon ( ACL ) it doesn’t already own; Nestle says it will buy the U.S. frozen-pizza business from Kraft ( KFT ) for $3.7 billion; and Apple ( AAPL ) picked up a red-hot mobile startup, Quattro Wireless. Continue reading 2010 Could Be an Explosive Year for M&A 2010 Could Be an Explosive Year for M&A originally appeared on DailyFinance on Sat, 09 Jan 2010 14:00:00. Filed Under: Investing , Hewlett-Packard , Dell , Exxon Mobil , Google , Kraft Foods , Microsoft , Oracle , Apple , Facebook Permalink | Tweet this! | Comments

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2010 Could Be an Explosive Year for M&A

The Consumer Electronics Show (CES) got off to a sizzling start today with many new, innovative products on display. Among them: 3D televisions, next generation e-readers, superphones and laptops with touchscreens. But the star of the show so far: tablets, including HP’s Windows 7 Slate and new tablet technology from a number of exciting, smaller players. For the latest from CES visit our sister site, Engadget. Continue reading The Latest in Tech at CES 2010 The Latest in Tech at CES 2010 originally appeared on DailyFinance on Thu, 07 Jan 2010 17:20:00. Filed Under: Technology , Hewlett-Packard Permalink | Tweet this! | Comments

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Filed under: Company News , Technology , Earnings , Hewlett-Packard , Dell , IBM Hewlett Packard ( HPQ ), the Silicon Valley pioneer, reported a 14% jump in profit Monday night, thanks to cost-cutting measures that more than offset an 8% reduction in revenue. The results weren’t a surprise: HP provided guidance earlier this month, when it announced plans to acquire 3Com, the networking giant. “We believe that HP will outperform the market,” HP CEO Mark Hurd said in an upbeat appearance on CNBC. “Spending will continue to be prudent in 2010, but it will be better than 2009.” Despite the profit growth, investors weren’t that impressed. HP shares were trading down over half a percent late Monday in after-hours trading. Continue reading Hewlett-Packard posts a 14% earnings rise, but investors aren’t impressed Hewlett-Packard posts a 14% earnings rise, but investors aren’t impressed originally appeared on DailyFinance on Mon, 23 Nov 2009 18:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Filed under: Company News , Technology , Investing , Hewlett-Packard , IBM , Cisco Systems Inc. Computer giant Hewlett-Packard ( HPQ ) announced a $2.7 billion deal to buy 3Com ( COMS ), the huge networking company, late Wednesday. It’s HP’s fourth-largest acquisition ever and instantly makes the Silicon Valley pioneer the second-largest networking company in the world after Cisco Systems ( CSCO ). The deal, which represents a 44% premium on 3Com stock, sent 3Com shares soaring some 35% to $7.65, 25 cents short of HP’s offer, in after-hours trading. HP’s move is a bold attack on Cisco, the networking Goliath. “Companies are looking for ways to break free from the business limitations imposed by a networking paradigm that has been dominated by a single vendor,” Dave Donatelli, HP’s executive vice president and general manager for enterprise servers and networking, said in a statement. Continue reading Hewlett-Packard buys 3Com for $2.7 billion in a major challenge to Cisco Hewlett-Packard buys 3Com for $2.7 billion in a major challenge to Cisco originally appeared on DailyFinance on Wed, 11 Nov 2009 17:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Hewlett-Packard buys 3Com for $2.7 billion in a major challenge to Cisco

Filed under: Company News , Technology , Hewlett-Packard , Dell , IBM In August 2008, Hewlett-Packard ( HPQ ) bought Ross Perot’s first company, Electronic Data Services, or EDS, in a deal worth $13.9 billion. It then proceeded to slash thousands of jobs. Now that deal is paying off in spades for HP. On Monday, Dell ( DELL ) announced that it would pay $3.9 billion for Ross Perot’s second company, Perot Systems ( PER ). Michael Dell would do well to learn from HP’s CEO Mark Hurd about how to make his latest deal pay off. The reason? HP claims that its services operating margins have improved since the deal closed and it has held onto 199 of EDS’s top 200 accounts, according to the New York Times . And it’s getting new accounts. HP, which said on Wednesday that it would rename its EDS unit HP Enterprise Services, recently closed 32 deals worth over $100 million and its customer service scores rose since the deal closed. HP is even beating competitor International Business Machines ( IBM ) to the punch — winning a $1 billion outsourcing contract for British insurer, Aviva. Continue reading Why Michael Dell needs to listen to HP’s Mark Hurd Why Michael Dell needs to listen to HP’s Mark Hurd originally appeared on DailyFinance on Wed, 23 Sep 2009 12:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Why Michael Dell needs to listen to HP’s Mark Hurd

Filed under: Company News , Technology , People , Investing , Microsoft , Apple With a broken iPhone 3G in my pocket, I was standing in line at Wendy’s and spotted someone using his iPhone, just ahead of me in line. I showed him my iPhone’s cracked screen and cautioned him to get a case for his. The guy, it turned out, works at an Apple ( AAPL ) Store Genius Bar. He sees broken screens often, he said, and he told me that wet or cracked iPhones fall outside of Apple’s coverage protection. It costs $200 to replace such phones, he said. Nevertheless, before we parted ways — and, significantly, before he learned that I was a reporter — he invited me to stop by the Genius Bar, where he’d see if he could replace the iPhone, at no charge. Continue reading Massucci’s Take: Placed my order at Wendy’s — and got a new iPhone Massucci’s Take: Placed my order at Wendy’s — and got a new iPhone originally appeared on DailyFinance on Tue, 25 Aug 2009 17:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Massucci’s Take: Placed my order at Wendy’s — and got a new iPhone