Korea Petrochemical Industry Corp. (KPIC) is setting up a Monoethylene Glycol (MEG) plant, production of which is expected to commence in last quarter of 2014. "The construction of the MEG plant will complete in the second quarter of 2014 ...
HP has confirmed that it will wield the axe on those of its businesses that don't meet targets, official documents have revealed. As first reported by Bloomberg, HP told the US Securities and Exchange Commission in a 27 December filing ...
Tags: HP, axe, businesses, targets
IDG News Service - Hewlett-Packard's bombshell revelation that it would take a $8.8 billion non-cash writedown after allegedly discovering major accounting fraud related to its Autonomy business unit has rocked the tech world. But the ...
Tags: Hewlett-Packard, bombshell, silver lining, Meg Whitman
Computerworld - In its 73 years, Hewlett-Packard has had bad quarters, but perhaps none like the one it posted Wednesday. Its $8.9 billion loss was huge, but there was little drama about it. HP's CEO, Meg Whitman, is already deep into a ...
Tags: HP plots, HP, Hewlett Packard, PC business, printer business
A class action has been filed against HP after investors claim the firm violated federal securities law,following its acquisitions of Autonomy and EDS. The case put forward at the Court for the Northern District of California in San ...
Tags: class action, against HP
Hewlett-Packard CEO Meg Whitman has moved to reassure customers that the future of its Autonomy product line is safe, a day after HP disclosed an alleged accounting scandal at the company it acquired last year. "We remain 100 percent ...
Tags: HP, CEO, Meg Whitman, Autonomy product
Hewlett-Packard CEO Meg Whitman has once again affirmed the company's commitment to its embattled Autonomy software division, stressing that HP's fiscal health is stronger than recent developments may have suggested. "It's been a quiet ...
Tags: HP, Whitman, CEO, Autonomy software division
Mike Lynch, the founder and former CEO of Autonomy, has defended himself against claims by HP CEO Meg Whitman that Autonomy had engaged in accounting practices that painted a misleading picture of Autonomy's business. HP bought Autonomy ...
Tags: Autonomy, HP, accounting irregularities, bought
HP has revealed in a securities and exchange commission legal filing,that the US Department of Justice has been investigating fraud allegation at Autonomy since last month. HP bought Autonomy in 2011 for$11.7bn,but in November,claimed ...
Two of the big four accountancy firms have been named in a new lawsuit claiming damages for HP shareholders following the write-down of Autonomy. HP bought Autonomy in 2011 for $11.7bn, but last week claimed former managers at the UK ...
Tags: HP, Autonomy, SEC, UK software
Hewlett-Packard has reported an $8.9bn loss in its third fiscal quarter, with earnings 568% down compared with the same period the year before. Hewlett-Packard (HP) was forced to write down the value of some assets, mostly related to its ...
Tags: HP, Loss, Quarter, Computer Products
The year 2012 will go down in history as the year when people voted with their wallets and decided that tablets are good enough for work. The success of tablets has driven people to bring their own devices to work. Supporting these ...
Tags: tablets, managed desktop estate, PC suppliers, desktop virtualisation, IT
The Ministry of Defence (MoD) has signed a £17m five-year deal with HP for desktop IT break-fix services. "For the first time, the British Armed Forces can rely on a consistent and transparent level of support for IT assets in the ...
Tags: HP, desktop IT break-fix services, Ministry of Defence
IDG News Service - Hewlett-Packard has found new leadership for its Autonomy information management software division in the form of Microsoft executive Robert Youngjohns, HP announced Friday. Former Autonomy CEO Mike Lynch left the ...
Tags: Hewlett Packard, information management, software, Microsoft
Hewlett-Packard has had some bad quarters in its 73 years, but perhaps none as bad as its latest -- when it reported a loss of $8.9 billion on sales that fell 5% to $29.7 billion. The poor third-quarter results produced little drama on ...
Tags: HP, Wall Street, CEO, Meg Whitman