Hewlett-packard, Hp | featured news

The TouchPad is dead, but Hewlett-Packard is giving it a hell of a wake. HP has slashed the price of its $399 tablet computer to $99 after killing the product on Thursday, sparking a buying frenzy. Finally, an Apple competitor has found a price low enough to start a shopping stampede. And why not? Sure ...

In a dramatic reshuffling, Hewlett-Packard Co. said it will end its tablet computer and smartphone products and may sell or spin off its PC division, bowing out of the consumer businesses.

Hewlett-Packard Co. has sued its friend-turned-foe Oracle Corp. in another sign of how badly the relationship between the information technology big shots has frayed.

The company revised its forecast for the current quarter, indicating worries about the impact of the Japan earthquake, softness in sales of PCs and lower operating profits in its services unit.

Hewlett-Packard showed the fruits of its acquisition of Palm on Wednesday. The technology giant demonstrated a new tablet device and two new smartphones, as well as disclosing plans to bring its webOS software to computers and printers.

Hewlett-Packard Co is shaking up a board criticized by many as dysfunctional, bringing in five new directors including former eBay chief Meg Whitman, as new CEO Leo Apotheker remakes the company.

H-P's new CEO Leo Apotheker will get nearly $15 million in bonuses and initial stock awards for taking over the technology giant. His annual salary will be $1.2 million.

Hewlett-Packard Co.'s board upset many investors when it forced out Mark Hurd as CEO nearly two months ago. Now, those directors appear to have baffled Wall Street with its selection of HP's new leader - Leo Apotheker, who lost his job running German business software maker SAP earlier this year after he didn't live up to expectations.

Hewlett-Packard is filing a lawsuit against former CEO Mark Hurd to prevent him from joining rival Oracle.

Oracle Corp has offered a job to Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal involving inaccurate expense receipts related to a female contractor, according to a source familiar with the situation.