7/29/2023 0 Comments Hewlett packard yahoo finance news22, 2012: Whitman urges investors to be patient and talks of a "multiyear journey" for a turnaround. In offering it to the open-source community, the company is hoping more mobile apps will be developed under webOS. HP says it still plans to develop and support webOS. 9: HP says that instead of selling its webOS mobile system or killing it off, it's making it available as open-source software that anyone can use and modify freely. 27: HP says it will keep the PC division after all, saying that keeping it is right for the company, its customers, shareholders and business partners. Lane becomes the board's executive chairman. 22: HP fires Apotheker after just 11 months and replaces him with billionaire businesswoman and political aspirant Meg Whitman, who accelerates an internal review on the fate of the PC division. 18: HP announces it will discontinue its tablet computer and smartphone products and may sell or spin off its PC division. The memo says management needs to "watch every penny and minimize all hiring." May 3: Leaked memo from Apotheker shows the CEO warning of "another tough quarter" for the company, sending HP's shares sharply lower. 20, 2011: HP shakes up board, replacing four of its members. Lane is a partner at Kleiner, Perkins Caufield & Byers, a renowned venture capital firm. ![]() HP names Ray Lane, another CEO candidate, as non-executive chairman. Apotheker was the chief of German business software maker SAP AG, which did not renew his contract after financial performance faltered. 6: Hurd resigns as CEO after investigation into a sexual harassment claim finds expense reports that were allegedly falsified to conceal a relationship with an HP marketing contractor. It says Palm's webOS operating system will help boost its participation in the mobile market. April 28, 2010: HP agrees to buy struggling smartphone maker Palm Inc. 11, 2009: HP agrees to buy networking software and equipment maker 3Com Corp. A month later, HP announces plans to cut 24,600 jobs as part of integrating the businesses. 26, 2008: HP buys Electronic Data Systems, which sells technology services, for $13 billion. 22, 2006: HP Chairwoman Patricia Dunn is forced from the board over a disastrous investigation into boardroom leaks to the media that included spying on reporters' and directors' phone records. July 19: HP announces plans to cut 14,500 jobs, Hurd's first big act as CEO. ![]() IBM now focuses on consulting and software, outsourcing much of its manufacturing. May 1: IBM sells its personal computer division to Chinese computer maker Lenovo Group for $1.75 billion. March 29, 2005: Mark Hurd named as new CEO.
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