Hewlett-Packard Co. issued a forecast for fiscal fourth-quarter profit that missed some analysts’ estimates, and Chief Executive Officer Meg Whitman rescinded a projection for growth in fiscal 2014 as ebbing demand for personal computers and lower business spending hamper her turnaround efforts.
Hewlett-Packard Co. Chief Executive Officer Meg Whitman is shaking up her executive ranks again, seeking to accelerate a turnaround by replacing the chiefs of the computer maker’s enterprise group and marketing operation, people with knowledge of the matter said.
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.
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.
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.
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.