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Latest Mark Hurd Stories

96910afcfd25c56b5d76312c47cb231e
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...

b7df2976cd9d1c8aa511a0f0597210811
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. ...

32594a7f63e9f7f65df40b17e8ac10481
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,...

a9b473ed59204fcbc5b41244cffd8da01
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...

f533704586bb0e0d7cee6d0ca2e391d91
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...

1c4c52f315e9788e98812f53c0926830
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
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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