HP Boss Mark Hurd Under Fire From The Blogging Fraternity

HP’s CEO, Mark Hurd announced, on the 20th February that he would be implementing a company wide cut in pay for all employees. Starting with a reduction in his own salary by 20%, followed by senior executives who would take a drop between ten and fifteen percent, regular employees 5 percent and exempt employees 2.5 percent. This is on the back of an already reduced headcount at HP & recently acquired EDS (Electronic data systems) of 40,000 employees globally.

None of which has impressed the blogging fraternity.

Well respected Internet Blogger Julia Mackenzie says in her blog - Is it me or is everyone else stupid

Read more

Laptop sales jump helps HP profit

Hewlett-Packard (HP) has reported a 21% jump in sales of laptops for the August to October period and a 99% rise in revenue from technology services.

The increase in services revenues follows HP’s acquisition of Electronic Data Systems (EDS). Read more

HP’s profits exceed expectations

The world’s biggest PC maker, Hewlett-Packard (HP), has beaten forecasts by posting a better-than-expected net profit in the fourth quarter.

HP said it made a $1.03 (£0.68) net profit per share excluding charges, 3% higher than the Wall Street analysts expected. Read more