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Latest Léo Apotheker Stories

Whitman Says No To Ditching HP’s PC Business
2011-10-28 07:21:48

Hewlett-Packard on Thursday said it is abandoning plans to ditch its PC business after reviewing a proposal from former CEO Leo Apotheker -- a proposal that could have cost the company billions of dollars in expenses and lost revenue. The move to not spin off its PC business comes thanks to HP´s new CEO Meg Whitman, who vowed to keep the business intact and to keep selling personal computers. Whitman, the former chief executive of eBay, took over at HP after Apotheker was forced out...

Is HP's Apotheker’s Job In Jeopardy?
2011-09-22 10:30:41

  With sales-forecast cuts, investor frustrations and a shift in strategies, Hewlett-Packard Co. is debating on ousting its beleaguered CEO Leo Apotheker and putting a stop to a critical move to spin off its personal computer business, according to people familiar with the matter. If Apotheker does go, HP could appoint former eBay Inc. CEO Meg Whitman, who is currently an HP director, to serve as an interim leader, the source, who asked not to be named because the plans were not...

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2011-05-17 10:53:11

A leaked memo from Hewlett-Packard (HP) CEO Leo Apotheker warns of "another tough quarter", underscoring concerns about the growth strategy of the company and the challenges facing its fresh leader, reports the Associated Press (AP). Coming to light on Monday, the May 4 memo sent HP shares tumbling. HP abruptly moved up its earnings report to Tuesday morning. It had originally been scheduled to Wednesday afternoon. The 72-year old tech giant is struggling to find ways to boost sales without...

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2011-02-23 11:55:00

U.S. computer colossus Hewlett-Packard saw its stock price slide on Tuesday, which triggered fears that the economic downturn will continue to weigh on the firm. HP said its net profit climbed to $2.6 billion in the first three months of the year as businesses upgraded systems, but that computer sales to consumers lagged. Contracts for services like hosting and maintaining business computer networks online in the Internet "cloud" also yielded less revenue than the company hoped. ...

2011-01-17 01:00:00

WALLDORF, Germany, Jan. 17, 2011 /PRNewswire/ -- SAP AG (NYSE: SAP) today announced new appointments in its Global Field Organization (GFO) and ensuing changes at the helms of its North American and Europe, Middle East and Africa (EMEA) regions. The global field realignment is aimed at further simplifying the company structure, increasing the speed of innovation, delivering customer value and strengthening its commitment to an open ecosystem. (Logo:...

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2010-11-23 08:49:04

Hewlett-Packard (HP) reported a five percent increase in profits for the fourth quarter on Monday, while their new chief executive told reporters that the company planned to start focusing more on software development moving forward. Profits for the Palo Alto, California-based computer manufacturer rose to $2.5 billion, while revenue exceeded Wall Street projections by jumping eight percent over last year, to $33.3 billion. Furthermore, according to AFP reports, the company reported a 10...

2010-02-11 12:05:00

WALLDORF, Germany, Feb. 11 /PRNewswire-FirstCall/ -- In support of the recent appointments of Co-CEOs Jim Hagemann Snabe and Bill McDermott, SAP AG (NYSE: SAP) announced subsequent changes to its Executive Board and management structure. In today's meeting of the SAP Supervisory Board the following decisions were made: Gerhard Oswald, Executive Board member responsible for SAP Global Service & Support, has also been named chief operating officer, replacing Erwin Gunst, who stepped...

2010-02-07 13:16:00

WALLDORF, Germany, Feb. 7 /PRNewswire-FirstCall/ -- SAP AG (NYSE: SAP) announced today that the SAP Supervisory Board has reached a mutual agreement with CEO Leo Apotheker not to extend his contract as a member of the SAP Executive Board. Leo Apotheker has resigned as CEO and member of the SAP Executive Board effective immediately. (Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a ) The SAP Executive Board, in agreement with the SAP Supervisory Board, has appointed two...

2010-02-01 02:00:00

WALLDORF and HANNOVER, Germany, Feb. 1 /PRNewswire-FirstCall/ -- SAP AG (NYSE: SAP) today announced that the Talanx Group, the third-biggest insurance group in Germany will implement the SAP® Policy Management application to unify the property and casualty lines of businesses at its subsidiaries, HDI-Gerling Firmen und Privat Versicherung AG and HDI Direkt Versicherung AG. The key decision criteria for selecting SAP Policy Management were the software's capabilities,...


Word of the Day
penuche
  • A fudgelike confection of brown sugar, cream or milk, and chopped nuts.
'Penuche' is a variant of 'panocha,' a coarse grade of sugar made in Mexico. 'Panocha' probably comes from the Spanish 'panoja, panocha,' ear of grain.
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