Word: hewletts
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RESIGNED. Patricia Dunn, 53, as chairwoman and board member of Hewlett-Packard; in the wake of a massive scandal stemming from Dunn's approval of shady investigations into the source of media leaks on HP's board; in Palo Alto, Calif. The media-leak probe--which involved, among other things, impersonating employees and journalists covering the company to obtain their phone records--has prompted criminal and congressional investigations. Dunn was succeeded by HP CEO Mark Hurd, who in a news conference offered an apology to "those journalists who were investigated and to everyone who was impacted...
Catching up on college rivalries is the least of the challenges facing Lenovo's managers. Once little known outside China, Lenovo catapulted to No. 3 in the world PC market (after Dell and Hewlett-Packard) with its $1.75 billion IBM purchase. The acquisition, the most high-profile overseas grab by a Chinese firm, horrified many Americans, who saw a rising China set to gobble up flagship industries in the U.S. After all, IBM virtually invented the PC 25 years...
...Hewlett-Packard...
...Battery recalls are nothing new - Hewlett-Packard is also in the middle of one right now (click here to check your system) - but Dell's is considered the largest in consumer-electronics history, affecting 15% of its laptops sold in the past two years. Shim and Enderle agree that it is prudent to visit Dell's website and check to see if your battery is on the list. Says Shim: "Only 6 computers out of 4 million have been hit - those are terrible Vegas odds - but I wouldn't want to be the guy that it happens...
...company's sales grew a lackluster (for Dell) 14%, to $56 billion, in fiscal year 2006. Last Friday, Dell stunned Wall Street by warning that its second quarter would be a dog, sending the stock down 10% that day, to $19.91, and taking the NASDAQ with it. A resurgent Hewlett-Packard, meanwhile, has outpaced the industry; it announced in May that profits had grown 51% over the prior year...