Dave Donatelli News
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After a board shakeup that investors said was overdue, Hewlett-Packard Co.’s Chief Executive Officer Meg Whitman is seeking to use a new line of servers to jump- start a multiyear turnaround of a company that has become a symbol of corporate mismanagement.
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Hewlett-Packard Co., a week after buying networking gear maker 3Com Corp., said its product line is set and it’s ready to take on all challengers, starting with market leader Cisco Systems Inc.
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Hewlett-Packard Co. Chief Executive Officer Leo Apotheker elevated executives in the software, sales and services divisions, part of a leadership realignment aimed at boosting sales and making managers more accountable.
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Hewlett-Packard Co. , the world’s largest personal-computer maker, offered to buy 3Par Inc. for about $1.6 billion, topping Dell Inc.’s bid for the maker of data-center equipment and software.
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Dell Inc. is readying a sweetened offer for data-storage provider 3Par Inc. after its earlier bid was bested by a $1.6 billion proposal by Hewlett-Packard Co. , according to a person familiar with the matter.
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Hewlett-Packard Co. Chief Executive Officer Meg Whitman is drawing inspiration from Starbucks Corp. CEO Howard Schultz as she steps up a turnaround effort at the world’s biggest computer maker.
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Hewlett-Packard Co.’s board is nearing a decision on a successor to Mark Hurd as chief executive officer, and is leaning toward picking an internal candidate, according to a person familiar with the matter.
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Cathie Lesjak , who took over Hewlett- Packard Co. temporarily after Mark Hurd quit last week, inherited a growth slowdown and a senior staff who may be distracted by jockeying for the top job.
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Meg Whitman’s strategy for turning around Hewlett-Packard Co. failed to convince investors looking for speedier recovery and more sweeping change at a company struggling in everything from personal computers to technology services. The shares closed yesterday at a 10-year low.
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Oracle Corp.’s plan to drop support for a server chip made by Intel Corp. is a “shameless gambit” that jeopardizes customers and will cost hundreds of millions of dollars in lost productivity, Hewlett-Packard Co. said.
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