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Stock Market & Financial Investment News

News Breaks
November 20, 2012
11:34 EDTHPQFormer HP CEO says due diligence of Autonomy was 'meticulous,' WSJ reports
Leo Apotheker, the former CEO of Hewlett-Packard (HPQ) who orchestrated the company's acquisition of Autonomy, says he was "stunned and disappointed" to learn of the alleged accounting improprieties, reports the Wall Street Journal. Apotheker says in a statement that "Looking back on the acquisition, which closed in Sept. 2011, the due diligence process was meticulous and thorough. According to HP, the accounting issues it discovered pre-date its acquisition of Autonomy...Itís apparent that Autonomyís alleged accounting misrepresentations misled a number of people over time Ė not just HPís leadership team, auditors and directors. In fact, the alleged improprieties apparently came to light only after an internal whistleblower raised the issue in the spring, well after my departure." Reference Link
News For HPQ From The Last 14 Days
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July 30, 2014
11:01 EDTHPQAvnet expands distribution relationship with HP into Mexico
Avnet Technology Solutions, an operating group of Avnet (AVT), announced that it will now distribute HPís (HPQ) data center-related products in Mexico, including enterprise technologies and software. Under this new agreement, Avnet will provide channel partners with a wide variety of resources to help them capture analytics, big data, cloud computing and converged infrastructure opportunities. To support this relationship, Avnet has formed an HP Solutions group in Mexico, a dedicated team focused on helping partners increase their data center sales with HP enterprise technologies and software.
09:53 EDTHPQBest Buy CEO Joly says sales of tablets 'crashing,' Re/code reports
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July 28, 2014
07:48 EDTHPQHP awarded $55.8M five-year services contract by Anaheim, CA
HP Enterprise Services announced the city of Anaheim, CA, has signed a $55.8M agreement for HP to continue managing the city's information technology, or IT, environment. Under the five-year contract, which includes a pair of two-year extension options not included in the announced contract value, HP will continue providing a full suite of services for Anaheim's IT infrastructure. HP also will enhance services with an upgraded disaster recovery solution that will ensure business continuity following a catastrophic event. New services also include infrastructure enhancements designed to accelerate hosting service virtualization, lower power consumption with PC power management and enhance IT security.
July 24, 2014
07:50 EDTHPQHP, Hortonworks extend strategic partnership
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July 22, 2014
06:17 EDTHPQGlobal notebook shipments to increase 4.3% in Q3, DigiTimes Research says
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05:55 EDTHPQStocks with implied volatility movement; NQ HPQ
Stocks with implied volatility movement; NQ Mobile (NQ) 169, Hewlett-Packard (HPQ) 28 according to iVolatility.
July 21, 2014
10:43 EDTHPQFormer Autonomy CFO challenges proposed HP settlement, Re/code reports
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07:15 EDTHPQO'Reilly to hold a conference
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July 17, 2014
16:13 EDTHPQHP appoints Whitman Chairman, Alcoa's Kleinfeld joins board
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06:28 EDTHPQHP increasing fire-safety audits in China, WSJ reports
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July 16, 2014
16:00 EDTHPQOptions Update; July 16, 2014
iPath S&P 500 VIX Short-Term Futures down 70c to 27.25. Option volume leaders: AAPL FB GOOG AMZN TWTR TSLA C HPQ TWX INTC AMZN according to Track Data.
09:37 EDTHPQActive equity options trading on open
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08:55 EDTHPQBarclays tech hardware analyst holds an analyst/industry conference call
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08:05 EDTHPQHP has positive read through from Intel results, says Pacific Crest
Pacific Crest has an upward bias on its estimates for HP (HPQ) following Intel's (INTC) positive comments on the PC market. The firm thinks that HP's stock could jump another 20% if enterprise PC fundamentals continue to improve. It keeps an Outperform rating on HP.

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