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...last week when ex-chairwoman Patricia Dunn and four others were charged with felonies, including identity theft and conspiracy, in a spy scandal that has sparked congressional hearings and a wave of high-profile resignations, including Dunn's. Nearly two years ago, the media started publishing things only an HP director could know. Dunn tapped private investigator Ronald DeLia to find the leaker. The operation--which included PIs posing as journalists and HP directors in order to access their phone records--fell on the wrong side of the law, according to California's attorney general. TIME reviews some...
Says she thought the records were public and HP lawyers told her the legwork was kosher...
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...
...HP and Dell are in his world, and they have well-established sales networks, a full range of products and famous brand names, especially in the U.S. "We joke, 'Lenovo who?' The challenge is that Lenovo doesn't have a brand name in the U.S.," says Samir Bhavnani, director of research at tech-information provider Current Analysis in San Diego. Even worse, Lenovo is being buffeted by the some- times tense relations between the West and China. In May the U.S. State Department said 16,000 PCs it had purchased from Lenovo wouldn't be used for classified work after...
Another problem: Lenovo doesn't have the financial muscle it needs to wage war with HP and Dell. In its past quarter, Lenovo earned only a $5 million net on revenues of $3.5 billion (after restructuring charges). Amelio has already cut 5% of the workforce and plans to slice $350 million from Lenovo's costs by early 2008, in part by consolidating operations, such as centralizing the global desktop team in China. The cost cuts "may be what I need to stay aggressive on pricing and not destroy my margins," he says...