International Business Machines Corp. and Hewlett-Packard Co., the biggest sellers of server computers, lost market share to Dell Inc. in the fourth quarter amid supply disruptions caused by flooding in Thailand, Gartner Inc. said.
Hewlett-Packard Co., the world’s biggest personal-computer maker, is cutting 275 engineering jobs and other positions at its WebOS business, part of a plan to turn the operating system into open-source software.
Hewlett-Packard Co. directors were concerned that plummeting shares would make the company vulnerable to a bid from Oracle Corp. when they replaced Leo Apotheker with Meg Whitman, two people close to the board said.
Hewlett-Packard Co. had its credit ratings cut by Standard & Poor’s Ratings Services, which cited increased debt caused by the acquisition of Autonomy Corp. and strategic shifts by the world’s largest computer maker.
Citigroup Inc., whose $285 million settlement with U.S. regulators over a collapsed collateralized debt obligation was faulted by a federal judge as too lenient, may have to pay more money to avoid admitting it did anything wrong, said lawyers following the case.
Hewlett-Packard Co. , accusing Oracle Corp. of harassing its new chief executive officer, refused to accept service of a subpoena requiring Leo Apotheker to testify at a trial over SAP AG’s downloading of Oracle software.