How Steve Jobs Tried to Save a Fellow Rebel CEO
When Hewlett Packard ousted CEO Mark Hurd in 2010, another once-ousted CEO named Steve Jobs tried to help him get his job back, new interviews reveal.
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Well you had to see this coming, sadly: HP has decided to do a little housecleaning at Autonomy, the company it acquired that it claims led to that huge $8.8 billion loss still shaking the tech giant.
When Hewlett Packard ousted CEO Mark Hurd in 2010, another once-ousted CEO named Steve Jobs tried to help him get his job back, new interviews reveal.
Amy Davidson on Hillary Clinton, Matthew Yglesias on the fiscal cliff, Daniel Byman on Al Qaeda, Bill George on H.P., and Shikha Dalmia on immigration.
The SEC and the FBI are investigating the writedown, after which we might have some answers on this charge. Until then, there are two ways to see this $8.8-billion meltdown—the HP way and the Autonomy way.
Because of "serious accounting improprieties" Hewlett Packard is taking an $8.8 billion write-down on Autonomy, a company it acquired last year for $11.7 billion, which essentially wipes out all of its profits for last quarter.
Hewlett-Packard announced Wednesday that they will cut about 27,000 jobs by the end of 2014 in order to save up to $3.5 billion, so that's obviously not great news for the economy.
Meg Whitman has yet to prove herself, as Hewlett-Packard's Q1 earnings missed expectations, reporting first quarter net revenue of $30.0 billion, down 7% from the prior-year period.
As HP debates the fate of its dying webOS, the mobile operating system HP used in its failed tablet TouchPad, it has the perfect man defending the unpopular system: A tech savvy guy who has practiced self-deprecating humor for years.
Everybody loves Apple's sleek, hip industrial design — especially other laptop manufacturers trying to compete with the explosive success of the MacBook Pro.
Tablets are the must have gadget of the past few years, but people aren't willing to fork over big money to own one.
Before she took office as HP CEO, as a board member Meg Whitman supported spinning off the company's PC division, yesterday, she pushed HP in the exact opposite direction.
Condé Nast has partnered with Hewlett-Packard on print-at-home magazines
Replacing Leo Apotheker as CEO, the former eBay chief has to turn the company around quickly
The world wonders what the biggest PC maker will do in a post-PC world
So it's pretty much back to printers, then?
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