Word: hp
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...beginning to seem justified. The CEO of tech giant Hewlett-Packard proved adept at playing Wall Street hardball, leading her company's ferociously contested proxy battle to buy Compaq Computer for $19 billion. She promised big benefits from that acquisition and last week began to deliver them. HP's quarterly earnings report showed the company stemming losses in its most troubled divisions--PCs and corporate computer systems--and surpassing its cost-cutting goals. HP shares have surged 72% since early October, including 15% last week...
Fiorina has quieted some of those she calls her "cynics and doubters," who had whispered that a woman with a marketing background was not fit to run HP. But she still faces formidable challenges, starting with generating profits in PCs and corporate "enterprise systems" at her newly merged company, which posted $35 billion in revenues in its first six months. Can she go from being a Churchillian leader, adept at giving a "We will never surrender" speech, to being more of a Lou Gerstner, IBM's former CEO, who was able not only to slash costs and jettison unpromising lines...
...Since HP's president, Michael Capellas, a respected operations manager and Compaq's last CEO, quit to run WorldCom in mid-November, Fiorina must now take full responsibility for HP's bottom line at a time when she must parry new threats from IBM and Dell. Both have spent the past year bulking up major parts of their businesses, while HP has been on a low-cal diet, trying to restore its flabby enterprises to health. As analyst Bill Shope of J.P. Morgan Chase puts it, "IBM is trying to squeeze HP at the upper end of the market, while...
Fiorina's supporters think HP in the middle will be a hit show. The rationale for acquiring Compaq has not changed, they argue. By buying Compaq's vast product portfolio, R.-and-D. muscle, direct-sales channel and 34,000 tech-service pros, HP could thwart IBM and Dell. "Analysts are waiting for us to put points on the scoreboard," says Michael Winkler, Fiorina's executive vice president for operations. (Fiorina declined to be interviewed...
...research: IBM, Hewlett-Packard, Samsung and NEC. Nano-Lab, in Brighton, Mass., is one of the few nanotech companies turning a profit. It sold $200,000 worth of made-to-order nanotubes in 2001 and is on track to more than double that amount this year. Last week HP researchers unveiled a way of manufacturing molecular-scale circuitry that will be cheaper and use less power than current silicon chips and have the potential to store entire libraries of information...