Hewlett-Packard Co. , the world’s largest computer maker, forecast earnings and sales for fiscal 2011 that exceeded analysts’ estimates and said it’s considering good internal and external chief executive officer candidates.
Hewlett-Packard Co. ’s Mark Hurd resigned as chief executive officer after an investigation found he had a personal relationship with a contractor who received numerous inappropriate payments from the company.
Hewlett-Packard Co., the largest personal-computer maker, forecast fiscal second-quarter profit that exceeded analysts’ estimates, helped by cost-cutting measures and a smaller-than-projected drop in service sales.
Adelphia Communications Corp. was illegally coerced through the use of commercial loans by Citigroup Inc. , Credit Suisse Group AG and other banks trying to get lucrative investment banking work, a lawyer seeking recovery for the defunct cable television company’s creditors said.
Hewlett-Packard Co. Chief Executive Officer Leo Apotheker told top executives that he’s bracing for “another tough quarter” in the July period and urged deputies to “watch every penny and minimize all hiring.”
Hewlett-Packard Co. outbid at least two rivals to clinch its acquisition of ArcSight Inc., two people familiar with the $1.5 billion transaction said, underscoring HP’s willingness to offer high prices for growth.