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News Breaks
February 21, 2013
18:05 EDTHPQHewlett-Packard: Restructuring program on track, but turnaround won't be linear
On Hewlett-Packard's (HPQ) Q1 earnings conference call, CEO Meg Whitman noted that although the company's restructuring program remained on track, the overall turnaround would not be linear. Whitman said, "Since announcing our turnaround plan we've done what we said we would do. We've defined a clear strategy for the business and we've made significant progress in bringing our costs in line with revenues. With the first quarter of 2013 behind us, we're starting to see some traction in our performance as a result of the actions we took in 2012 to lay the foundation for HP's future. HP's turnaround will not be linear, and our primary focus is to deliver on our outlook for the full year." Whitman indicated that the restructuring program had a meaningful impact on the bottom line in Q1, and she expects that will accelerate as the company moves through FY13 and into FY14. Restoring sales growth was seen as a priority. Management continued to see headwinds in BCS and the traditional storage business, but said, "we feel good about the rest of the year." They confirmed that there are no plans to break up the company, however they did expect that the Personal Systems revenue will decline year-over-year at a faster rate than it did in the first quarter. 2013 was seen as a fix and rebuild year that would set HP up for a recovery and expansion in 2014.
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13:39 EDTHPQAnalyst warns competition growing in 3D printing space
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April 21, 2015
11:16 EDTHPQOptions with increasing implied volatility
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09:37 EDTHPQHP sells Snapfish to District Photo ahead of seperation
HP announced a definitive agreement to divest Snapfish, its photo storage and merchandising business. District Photo will acquire the Snapfish business, including technology assets and employees. After the transaction closes, HP will maintain a partnership with Snapfish. Snapfish will continue to use HP printing solutions, and HP will provide the HP Connected Photo application developed by Snapfish on HP consumer PCs, including the Sprout computing platform, the company said. HP expects the transaction to close in the second half of FY15. Financial terms of the deal were not disclosed. It added, "The divestiture is consistent with HPs strategy to focus the organization following HPs previously announced separation."
08:04 EDTHPQHP, FireEye announce partnership
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05:56 EDTHPQStocks with implied volatility movement; CNX HPQ
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April 15, 2015
07:58 EDTHPQTsinghua confirms talks for controlling stake in HP unit in China, WSJ reports
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05:10 EDTHPQHP selects Antonio Lucio as Chief Marketing Officer of HP Inc.
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April 14, 2015
07:47 EDTHPQHP announces new $190M Medicaid contract in Arkansas
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