Posted on 05/23/2012 2:05:15 PM PDT by matt04
Hewlett-Packard Co. (HPQ) unveiled plans to lay off 27,000 employees as the technology giant also reported its fiscal second-quarter earnings slumped 31% amid relatively flat revenue in its personal computer business and lower sales in its printing segment.
However, shares were up 7% at $22.46 in recent after-hours trading as earnings beat the company's expectations and as the company raised its full-year view.
The company said it plans to lay off about 8% of its workforce by the end of fiscal 2014. Its restructuring plans are expected to generate annualized savings of between $3 billion and $3.5 billion by 2014, most of which will be reinvested back into the company. It plans to use the savings to boost investment in cloud, big data and security.
"These initiatives build upon our recent organizational realignment, and will further streamline our operations, improve our processes, and remove complexity from our business," said Chief Executive Meg Whitman in a statement. "While some of these actions are difficult because they involve the loss of jobs, they are necessary to improve execution and to fund the long term health of the company."
(Excerpt) Read more at online.wsj.com ...
13 years and still printing.
Its a Netgear WNR 3500. My Lenovo sees the network but it cannot apparently authenicate and I have the correct password for the homegroup. It would work when a network cable is connected after entering when prompted.
Maybe something corrupted during the first powerup and config when I entered the wireless stuff. Maybe I should have skipped and came back later. It bombed out on initial setup as well then. Other places locking to wifi is no problem at all.
Google Gloria Allred Nikki Diaz. When HP CEO Meg Whitman was running for Governor of California, Gloria Allred did a hit job on her by trotting out Nikki Diaz, Whitman’s former housekeeper who was, unbeknownst to Whitman and her husband, in the country illegally. Diaz had lied and led them to believe that everything was in order, but finally admitted her lie years into her employment. Whitman let her go. Through Allred, Diaz claimed that Whitman had been abusive toward her — not physically, but she made Whitman sound like a rhymes-with-rich. Of course, this “scandal” soured California’s voters on Whitman, and now they have Governor Moonbeam. Serves ‘em right.
Google Gloria Allred Nikki Diaz. When HP CEO Meg Whitman was running for Governor of California, Gloria Allred did a hit job on her by trotting out Nikki Diaz, Whitman’s former housekeeper who was, unbeknownst to Whitman and her husband, in the country illegally. Diaz had lied and led them to believe that everything was in order, but finally admitted her lie years into her employment. Whitman let her go. Through Allred, Diaz claimed that Whitman had been abusive toward her — not physically, but she made Whitman sound like a rhymes-with-rich. Of course, this “scandal” soured California’s voters on Whitman, and now they have Governor Moonbeam. Serves ‘em right.
Google Gloria Allred Nikki Diaz. When HP CEO Meg Whitman was running for Governor of California, Gloria Allred did a hit job on her by trotting out Nikki Diaz, Whitman’s former housekeeper who was, unbeknownst to Whitman and her husband, in the country illegally. Diaz had lied and led them to believe that everything was in order, but finally admitted her lie years into her employment. Whitman let her go. Through Allred, Diaz claimed that Whitman had been abusive toward her — not physically, but she made Whitman sound like a rhymes-with-rich. Of course, this “scandal” soured California’s voters on Whitman, and now they have Governor Moonbeam. Serves ‘em right.
Oops, sorry for the triple post.
Oops, sorry for the triple post.
Oops, sorry for the triple post.
I guess I got impatient waiting for the site to accept it the first time.
Counting the belated apology, that’s actually quadruple instead of single!
My 11 year old HP 2200 duplex printer works great.
I have always had HP Printers and PC’s. Now have a HP laptop.
I like the HP better than Sony.
Need to buy a new laptop, but, now I wonder about getting an HP again.
As far as their service goes, they always did right by me.
I regret that they have had $$$ problems.
I have always had HP Printers and PC’s. Now have a HP laptop.
I like the HP better than Sony.
Need to buy a new laptop, but, now I wonder about getting an HP again.
As far as their service goes, they always did right by me.
I regret that they have had $$$ problems.
HWPs problem was the misfortune of hiring a series of incompetent grossly overpaid CEOs whose priority was making illusionist short term profits and costly mergers only to increase their short term compensation, rather than focusing on making good product at competitive prices.
There are those who say Carly Fiorina screwed up both Lucent and HWP. Now she’s a Fox News pundit....lol. Mark Hurd was fired from HWP. Leo Apotheker was fired. Meg Whitman is a retailer, not technology visionary.
Yet those who got fired all walked away with golden parachutes for failure which has become the all too familiar mantra of failed US crony capitalism.
Too many CEOs are merely overpaid manager hacks only interested in making short term decisions affecting short term volatility. It is a function of crony capitalism. If they fail they still get paid well when they should get nothing or face liability.
Their compensation should be 75% based on results 5 years in the future and not from the latest quarter.
“Newsflash! “Evil Republican CEO’s at HP trying to hurt Obama’s job numbers.. Film at 11.”
GWG....You may be correct but I put the blame solely on CEO incompetence not politics. The company has had a string of self serving incompetent CEO’s. HP had a long term history of being a profitable stable company, producing a quality product in the USA, and a reputation for being a good employer that paid well and rarely laid off. Then Carly Fiorina came along. The coincidence is that both Fiorina and Whitman (current CEO) personally dislike each other even as failed political candidates.
Friends that have worked at both HP and Lucent hate her guts and claim that her ego, arrogance and incompetent decisions screwed up both corporations. Even the founders of HP fought her decisions.
The latest by Leo Apotheker resulted in their Touch pad fiasco. It is disturbing to me that shareholders and employees pay big prices while these loser CEOs have walked away with the gold. They should not be paid for failure. They should be required to face personal liability for mismanagement.
I was an IT guy up until about three months ago, which is why I have so many ideas. But, we found a utility, Microsoft provided, called Windows Easy Transfer. It scoops up all user profiles, files, settings, etc., and transfers them seamlessly to the new machine. I had struggled with getting clean user migrations for 10 years, because nothing ever did it quite right, but this one is very good.
It comes with Windows 7, so it should be on your new laptop, but for the XP machine you have to download and install. I think the setup process may even afford you the ability to create a flash drive with the required files (I checked, it does).
If that doesn’t do it, I think you got to get on the configuration setup of the switch and see if anything is holding it up, like a firewall rule.
Are these layoffs in Blue or Red States? (Couldn’t read the entire article w/o subscribing to WSJ.)
I’m amazed that there are dopey idiots ut there which still would vote for their American idol after the awful dreadful 3 years he has given us and how the hell can a college student vote for a man which has given them a massive debt just shows how stupid people can be when they have been to college recently.
I saw two kids with bozo bumper stickers and said how on earth can you vote for this man after what he has done and lied and pit people against people and they just stood there looking all dopey, once I told them some facts they admitted they had no clue what I were pn about and you culd tell that they will still vote for him after what was said because they honestly just don’t understand anything they are told unless it is off the likes of Jon Stewart etc
always bought HP laptops and printers but after the last ones broke I have just bought an ASUS laptop which is great and a Kodak printer.
same here at the ame time I got yours and they broke, fixed , broke, Indian call center, etc, it wa sa nightmare and that was my 4th HP laptop but no more I got an ASUS and it’s BRILLIANT.
Got a Kodak printer and it doesn’t take as much ink as the HP and works just as good.
Never again will I buy HP
I’m apolitical because I see us average schmucks making too much over politics, while the politicians and elite representing both sides and the media turn us into greater schmucks.
The problem in the USA isn’t as much about politics or ideology as it is about thieving politicians owned by corrupt thieves.
Eliminate the corruption and cronyism and we could do much to fix the real problems. Instead the unethical politicians work their tail off to deflect and put the blame on others while they play us as fools.
Our problems are related to pure self serving corruption and we either turn a blind eye to it, or over hype it depending on the Party of the perp. I see a thief as a thief whether he has an R or D after his name or from a red or blue state.
May your chains sit lightly upon you, and may posterity forget that you were our countrymen!” - Sam Adams
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.