Word: hewlett-packard
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...over. Instead of coining money, companies that have come to market lately have discovered that the easy pickings are gone. An increasing number of new issues have fallen at the opening bell, and the market won't let them get up. With high-tech powerhouses such as Motorola and Hewlett-Packard reporting earnings problems, smaller companies of all sorts have had to delay long-planned sales. "This is no market for people with ulcers," says Steven Samblis, who heads an investment firm in Longwood, Florida...
...Ford 5 Intel 5 Merck 5 Columbia/HCA 4 Exxon 4 Hewlett-Packard 4 Johnson & Johnson 4 Pepsico 4 Wal-Mart 4 McDonald...
...from its June 5 record. The recent sell-off began July 5 when the Dow fell 114 points following a surprisingly positive jobs report, raising fears of an interest rate hike by the Federal Reserve. Last Thursday, the Dow fell 83 points, in response to disappointing earnings reports from Hewlett-Packard, Motorola and United HealthCare. Investors took that news as a signal that continued earnings growth could not be relied upon to prop up a pricey market already suffering from inflation jitters. Ironically, Monday's plunge was not triggered by stunning earnings reports or major economic news. The question...
...gets lifetime employment anymore, not even at companies like Hewlett-Packard, a visionary $31.5 billion high-tech firm that makes just about every good-guy list extant. Instead, HP employs a system of redeployment for "excessed" workers. They can hunt for other positions within the company for 90 days, fully paid and free of job responsibilities. Usually the company will make another job offer. But if an employee decides to leave, he or she still receives a generous severance package...
DIED. DAVID PACKARD, 83, electronics and computer pioneer; in Stanford, California. The "Birthplace of Silicon Valley," an official California State landmark, is the garage where Packard and his Stanford University classmate William Hewlett opened a workshop in 1939. Today Hewlett-Packard is the nation's second largest computer maker (behind IBM). Packard eschewed corporate pomposity, preferring "management by walking around" to keep employee morale high and focus on achieving objectives. In the '60s, he met with Stanford students protesting his company's defense contracts, and later mediated talks between them and their school. His personable style and civic activism inspired...