There may be a thaw in HP Inc.’s takeover standoff with Xerox Holdings Corp. During a call with reporters and analysts ahead of the release of its first-quarter earnings Monday, HP’s HPQ, -2.64% two highest-ranking executives left open the door to a combination with the printing company, but only underRead More →
HP Inc. shares edged up 2% in after-hours trading Tuesday after the computing giant reported a slight bump in fourth-quarter revenue, but it continues to face stiff IT headwinds. HP HPQ, -0.45% reported net income of $388 million, or 26 cents a share, compared with net income of $1.45 billion,Read More →
Shares of Hewlett Packard Enterprise Co. dipped 4% in after-hours trading Monday after the computing giant reported fourth-quarter revenue that fell short of analyst estimates. The major culprit, as in previous quarters: Longer sales cycles for bigger deals because of economic and geopolitical uncertainty, company executives said. The San Jose,Read More →
Pure Storage Inc. joined a group of hardware companies that have put a damper on hopes for a second-half rebound, blaming a tough pricing environment and slowing economy for its fiscal third-quarter earnings shortfall and weaker outlook for the fourth quarter. On Thursday, after the company’s disappointing results, shares ofRead More →
Three chip rivals — Advanced Micro Devices Inc., Intel Corp. and Nvidia Corp. — are rolling out new products in an increasingly competitive battlefield to speed up the fastest computers on earth. Nvidia NVDA, +3.96% pioneered the use of graphics-processing units, or GPUs, in the server market, where theyRead More →
HP Inc. is embarking on yet another massive restructuring of its business, with plans to cut 7,000 to 9,000 jobs over the next three years, as its biggest profit generator, printing, continues to reel from soft demand pressures and cheaper printing supplies. The Palo Alto, Calif.-based computer and printing giantRead More →
HP Inc. on Thursday announced a major restructuring that will eliminate 7,000 to 9,000 jobs over the next three years as part of a series of moves to transform the computing giant into a software and services powerhouse. “This is one of the toughest decisions we had to make, butRead More →
Advanced Micro Devices Inc. and Cray Inc. have been awarded a $600 million contract to develop the fastest supercomputer in the world for the U.S. Department of Energy, the companies announced Tuesday morning. The deal, to design a massive supercomputer called Frontier, is the most ambitious in the revived partnershipRead More →
HP Inc.’s comeback hit a big speed bump Wednesday as something called “online” caught up with its printing-supplies business. HP HPQ, -0.21% revealed Wednesday that one of its biggest money-makers, selling printing supplies, faces new pressure due to internet sales, which is squeezing previously juicy margins, especially in some overseasRead More →
