Ray Lane News
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Hewlett-Packard Co., the largest personal-computer maker, surged the most in 11 years after its fiscal third-quarter profit forecast topped estimates as cost cuts help make up for slumping desktop and laptop demand.
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Hewlett-Packard Co., the largest personal-computer maker, rose the most in three months after its fiscal third-quarter profit forecast topped estimates as cost cuts help make up for slumping desktop and laptop demand.
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Hewlett-Packard Co.’s board shakeup, including Ray Lane’s exit as chairman, gives Chief Executive Officer Meg Whitman a clearer path to revive growth and shake off years of tumult at the world’s largest computer maker.
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Ray Lane’s having a bad week.
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Marc Andreessen, co-founder of venture-capital firm Andreessen Horowitz, said he has no plans to follow other directors who are leaving Hewlett-Packard Co.
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Hewlett-Packard Co. investors will get the chance to voice dismay over the $8.8 billion writedown of Autonomy Corp. when they’re asked to re-elect Chairman Ray Lane and other directors at an annual meeting today.
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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., the world’s biggest personal-computer maker, increased its quarterly dividend by 10 percent for a second-straight year amid mounting investor frustration with leadership over failed acquisitions.
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Hewlett-Packard Co. faces mounting pressure to remove Chairman Ray Lane and several other board members after proxy advisers Institutional Shareholder Services Inc. and Glass Lewis & Co. urged investors to block their re- election over failures to properly vet acquisitions.
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Hewlett-Packard Co. Chairman Ray Lane and two other board members were re-elected in slim majorities in a referendum that demonstrates growing dismay over the company’s performance and acquisition of Autonomy Corp.
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