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HP’s PC Division Decision This Month
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HP will decide on the future of its PC business this month, according to a statement from its newly installed CEO.
While it was under the Apotheker captaincy the firm announced rather shocking plans to dump the PC business. Okay, it didn’t explicitly say that, rather it said that it would consider selling it or spinning it off, which apparently meant something else to HP than it did to normal people.
According to Bloomberg, new HP CEO Meg Whitman sprinkled a little more colour into the HP PC business tapestry, and in a conference call said that the firm is almost ready to say what its plans are.
It’s likely that shareholders and the board are still reeling from the suggestion, but the extra time will give HP room to decide on what it wants to do with the still profitable, but boring hardware arm.
While it was under Leo Apotheker’s rule the firm had given itself the deadline of the end of the year for a decision, but presumably sick of people asking her, “what are we going to do with the PC business?”, Whitman has bought the decision forward.
HP Exec Claims Evidence Was Falsified
HP has been accused of producing “false and fabricated” evidence against a former sales executive who the firm claims stole confidential information.
Adrian Jones, who was a sales executive at HP, left the firm to join Oracle in February 2011. HP claims that Jones nabbed a load of confidential information between 10 and 11 February using a removable hard drive. Jones told the court that the hard drive was used by HP for backup and was never in his possession, saying that HP and its outside counsel have confirmed these facts.
Jones’ current employer Oracle said that the accusations leveled at its employee are simply not true, with Deborah Hellinger, a spokeswoman for Oracle telling Bloomberg, “The central allegation in HP’s employment lawsuit against Adrian Jones has turned out to be complete fiction…. If they did it knowingly then HP and their lawyers should be sanctioned. If they did it mistakenly then they simply owe Mr Jones an apology.”
HP is said to have probed Jones’ relationship with a female subordinate, for whom Jones allegedly arranged a 94 per cent pay rise and expensed travel that had no business purpose.
Jones’ case mirrors that of former HP CEO Mark Hurd who left the company after similar expense discrepances were brought to light. Hurd, a close friend of Oracle CEO Larry Ellison, then joined Oracle as co-president within weeks of leaving his post at HP.
HP and Oracle have been going at it hammer and tongs in a largely public row over Oracle’s decision to dump support for Intel’s Itanium architecture. The two companies are in various other legal battles as well, with HP claiming that Oracle had gone from being a partner to a “bitter antagonist”. We assume the next lawsuit will claim that Oracle stole HP’s lunch money and beat it up behind the bike shed, or perhaps the other way around.
T.I. Blames Nokia For Lower Revenue
Texas Instruments has revised downward its revenue forecast for the second fiscal quarter due to a slackening in demand for its products from Nokia.
TI said its lower revenue projection is directly related to the market performance of Nokia, which has been experiencing its own troubles. The handset maker last week projected lower sales of devices and services due to lower average selling prices and fewer buyers of its phones.
TI is now forecasting revenue of $3.36 billion and $3.50 billion for the second fiscal quarter ending on June 30, down from $3.41 billion to $3.69 billion the company forecast on April 18 when reporting first quarter fiscal results.
“I would say characterizing as the bulk of it being Nokia is probably understating. Probably being closer to say all of the change in our … middle-of-the-range update versus what we were previously [projecting] was associated with that customer,” said Ron Slaymaker, vice president and head of investor relations at TI, during a revenue forecast conference call that was webcast on Wednesday.
Lenovo Thinkpad Tablet On Its Way
April 26, 2011 by admin
Filed under Around The Net
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It appears that Lenovo is preparing to enter the tablet war over summer. Apparently, the tablet will focus on serious minded business professionals. It appears that the tablet will run Google’s popu;ar tablet OS called Honeycomb and will be equipped with Nvidia’s Tegra 2. To make sure consumers get their monies worth, the tablet will come with a keyboard to turn it into a useable notebook more or less. Sources are also claiming the screen size will be 10 inches and have a 1280×800 IPS and optical stylus.
DRAM Prices Going Up
iSuppli is reporting that global chip revenue should increase to $325.2 due to supply and demand. Two months ago iSuppli originally forecasted a 5.8 percent increase to $320.1 billion. Apparently, DRAM chips will be impacted the most with a price increase due to supply issues as a result of the recent earthquake in Japan. iSuppli had originally forecasted sales of DRAM chips to shrink by four percent this year instead of seeing a drop of 10.6 percent.