Latest Mark Hurd Stories

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...

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. ...

2011-01-21 05:45:00

Hewlett-Packard Co. announced a shakeup of its board of directors on Thursday as the company faces growing scrutiny for its ouster of former CEO Mark Hurd six months ago amid allegations of sexual harassment. The management overhaul is the first significant change under HP's new leadership, which was put in place after Hurd's sudden resignation caused shares of the company's stock to plunge.   The departure also triggered lawsuits over the size of Hurd's severance pay. Ray Lane,...

2010-12-21 12:25:00

The Securities and Exchange Commission (SEC) is investigating the circumstances of Mark Hurd's forced resignation of the world's biggest personal computer and printer maker. Hurd's exit as CEO lead Hewlett-Packard to an immediate $9 billion drop in market value and involved allegations of sexual harassment and inappropriate sharing of inside information. HP said on Monday that it is cooperating with the investigation. "Mark acted properly in all respects," David Satterfield, a spokesman...

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...

2010-09-06 09:35:56

California-based computer technology and database management systems company Oracle Corporation has offered a job to former HP CEO Mark Hurd, who resigned on August 6 following a sexual harassment investigation, according to a Monday morning report from Reuters. Hurd, who stepped down as part of a probe into inaccurate expense reports that were allegedly meant to cover up a personal relationship with a female marketing contractor, is close friends with Oracle CEO Larry Ellison--who, according...

2010-08-17 08:49:00

PRINCETON, N.J., Aug. 17 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com), an online investment newsletter focused on semiconductor and technology stocks, has published updated outlooks for Dell (Nasdaq: DELL), Hewlett-Packard (NYSE: HPQ), Applied Materials (Nasdaq: AMAT), Marvell Technology Group (Nasdaq: MRVL) and 3PAR (NYSE: PAR). Editor Paul McWilliams has displayed uncanny accuracy in identifying winners and losers during this challenging and historic...

Word of the Day
  • Wasting away as a result of abstinence from food.
The word 'abrosia' comes from a Greek roots meaning 'not' and 'eating'.