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Hewlett-Packard To Lay Off 27,000 Employees; 2Q Profit Down 31%
The Wall Street Journal ^

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 ...


TOPICS: Breaking News; Business/Economy; Culture/Society
KEYWORDS: 2012; bhoeconomy; economy; hewlettpackard; hp; hplayoffs; layoffs; unemployment; whitman
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To: dragnet2

I don’t get it.


51 posted on 05/23/2012 5:21:22 PM PDT by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
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To: unkus

It was an HP-512C for me, did all sorts of weird things, would just spit out a blank sheet of paper once in a while.

Started looking it and others were complaining that it was haunted.

It was.


52 posted on 05/23/2012 5:26:52 PM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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53 posted on 05/23/2012 5:29:40 PM PDT by RedMDer (https://support.woundedwarriorproject.org/default.aspx?tsid=93)
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To: matt04

That’s gonna leave a mark.


54 posted on 05/23/2012 5:30:07 PM PDT by crosshairs
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To: treetopsandroofs

It was an HP-512C for me, did all sorts of weird things, would just spit out a blank sheet of paper once in a while.

Started looking it and others were complaining that it was haunted.

It was.


Mine did the same thing. It startled me a few times.


55 posted on 05/23/2012 5:31:50 PM PDT by unkus (Silence Is Consent)
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To: matt04

That’s gonna leave a mark.


56 posted on 05/23/2012 5:34:26 PM PDT by crosshairs
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To: matt04

welcome to the Obama double dip recession!


57 posted on 05/23/2012 5:38:05 PM PDT by TexasFreeper2009 (Obama lied .. and the economy died.)
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To: matt04

Obama’s Fault!!


58 posted on 05/23/2012 5:38:26 PM PDT by theDentist (FYBO/FUBO; qwerty ergo typo : i type, therefore i misspelll)
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To: matt04

Doesn’t surprise me. Who needs a copier today when everyone is scanning. I am surprised that Kinko’s hasn’t gone out of business yet. These businesses need to keep up with the times or they will be gone. Get with it companies!!!


59 posted on 05/23/2012 5:39:37 PM PDT by napscoordinator (VOTE FOR NEWT!!!!)
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To: Pearls Before Swine

The hard drive shortage can’t have helped anything.


60 posted on 05/23/2012 6:04:01 PM PDT by ichabod1 (Cheney/Rumsfeld 2012)
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To: C19fan

Do you have a laptop cooler? They’re cheap and very useful. The one I have is old and loud, but a lot of the time I don’t even turn the fan on - it seems to be enough to have it sitting over the vents to let the heat out.


61 posted on 05/23/2012 6:06:23 PM PDT by ichabod1 (Cheney/Rumsfeld 2012)
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To: unixfox
So...when the UNEMPLOYMENT numbers come out will we see a DROP?

Yes we will...those jobs no longer exist and are not a part of the Obama Numbers Game Base.

62 posted on 05/23/2012 6:13:06 PM PDT by evad (STOP SPENDING, STOP SPENDING, STOP SPENDING. It's the SPENDING Stupid)
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To: matt04
Dell stock drops 17% as revenue misses estimates
63 posted on 05/23/2012 6:24:05 PM PDT by Doe Eyes
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To: ElPatriota
You ought to install linux on that HP laptop. I'd bet that it's faster than you've ever imagined.

I've seen a lot of HPs over the years, and typically it's been the operating system which was screwed up, not the hardware itself. (sometimes the user, but more often than not, the user didn't screw up as much as they thought they did)

Linux is the ultimate windows service pack.

If you want to give it a shot, I'd be glad to give you some pointers. http://fedoraproject.org/get-fedora

64 posted on 05/23/2012 6:24:59 PM PDT by Halfmanhalfamazing ( Media doesn't report, It advertises. So that last advertisement you just read, what was it worth?)
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To: ichabod1

I bought a new Lenovo from Newegg and love it and it is way cooler than my old D810.

The old dell that I bought used for $30 a couple years ago has gotten to the point where there are places on it what will almost burn skin.

The new one was on sale and I figure the D810 is going to fry sooner or later.

I really like the Lenovo but one thing which is Windoze related I’m sure that I haven’t been able to beat is home wireless.

During setup it asked for the homegroup creditianls which I had ready and known right. The wireless never locked on. I figured I would do it again after first setup finished.

No dice. It sees the wireless networks around here including home. I reenter the homegroup stuff again and no connect. I plug it via hardwire and it prompted for the password which it took.

I’ve tried it on wireless networks at work and it locks on fine to them.

I have a four port netgear switch and only 2 are in use, no one is apparently taking a spare port. I powered down the switch and woke up the laptop and switch. No luck there either. Sooner or later I will get it to work. The switch is about 18 months or so old. I can’t seem to get more than two years out of home switches since they are made to die.


65 posted on 05/23/2012 6:31:49 PM PDT by wally_bert (It's sheer elegance in its simplicity! - The Middleman)
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To: ichabod1

I bought a new Lenovo from Newegg and love it and it is way cooler than my old D810.

The old dell that I bought used for $30 a couple years ago has gotten to the point where there are places on it what will almost burn skin.

The new one was on sale and I figure the D810 is going to fry sooner or later.

I really like the Lenovo but one thing which is Windoze related I’m sure that I haven’t been able to beat is home wireless.

During setup it asked for the homegroup creditianls which I had ready and known right. The wireless never locked on. I figured I would do it again after first setup finished.

No dice. It sees the wireless networks around here including home. I reenter the homegroup stuff again and no connect. I plug it via hardwire and it prompted for the password which it took.

I’ve tried it on wireless networks at work and it locks on fine to them.

I have a four port netgear switch and only 2 are in use, no one is apparently taking a spare port. I powered down the switch and woke up the laptop and switch. No luck there either. Sooner or later I will get it to work. The switch is about 18 months or so old. I can’t seem to get more than two years out of home switches since they are made to die.


66 posted on 05/23/2012 6:32:13 PM PDT by wally_bert (It's sheer elegance in its simplicity! - The Middleman)
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To: 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..."

I'm guessing that my uber lib, Obama loving brother will finally get his pink slip in this go-round of fat trimming. He's been with H-P since the late 70's, and has somehow avoided all previous down-sizings. He's a sharp cookie, but way long in the tooth, and probably doesn't even do half the work a newbie would do in the same position.

Unfortunately, he'll never put two and two together when the axe falls. It's just not going to occur to him that the political, cultural, and social policies he's supported all these years, are the root cause of him losing his cushy position.

Good luck with your 'retirement', bro.

67 posted on 05/23/2012 6:34:54 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: matt04

I have stopped buying HP computers or printers. Expensive crap. They’ve apparently built their printers to stop working after a certain period. Not the mechanics but the software.


68 posted on 05/23/2012 6:50:26 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: matt04

What a shame that HP isn’t Federal HP. Then they could push propaganda and bribe everyone in the book, and enact forced HP-Care.

Then when HP-Care initially fails, use seeding propaganda to bring it back for the benefit of the insiders, using all kinds of propaganda speak, such as:

“we still need reform”,
“start over”...,
“it’s costing “Americans” way to much,”,
“we still need reform”,
“HP-Care is top priority in lowering the deficit”,
“It’s for the children,”


69 posted on 05/23/2012 6:54:18 PM PDT by Varsity Flight (Phony-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: matt04

Bill and Dave are probably glad they’re not around any more to watch this. I worked for HP for 5 years and saw the place go downhill fast what with the Bangalore experiment and hiring Carly Fiorina (gee - she hosed Lucent, think how good she’ll be here?). Ah well. Good luck HP’ers - you’re going to need it in Obama’s economy.

FRegards,
PrairieDawg


70 posted on 05/23/2012 7:11:44 PM PDT by PrairieDawg (Bring out your dead - to vote in NY state!)
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To: C19fan

“Let me add from personal experience HP Laptops are crap.”

Indeed HP laptops are crap, and always have been. Absolute, unmitigated, and total crap. I think even the compaqs are better laptops than the HPs, at least before HP nabbed them.

I’m a PC specialist, and I see more dead and dying HP laptops than practically all other brands put together. Melted motherboards, individual dying chips, fragile mobo power connectors, you name it.

I always STRONGLY advise my customers to stay the hell away from HP laptops. The HP desktops are much better than their laptops, but believe it or not, Dell actually gives better service than HP.

And I’m no fan of HP printers either. Until recently, HP printers installed the most amazing amount of unstable, useless, and crappy software imaginable. Software that frequently caused system instability. And since the HP printers die all the time, people just buy another one, and install its garbage software on top of the old stuff, not knowing they need to remove the old crap. After about 3 HP printers, your PC isn’t going to work anymore.


71 posted on 05/23/2012 7:17:15 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: unkus

I have an HP Photosmart inkjet sitting in the basement. The printer lasted 800 pages before the ink system permanently failed.

HP doesn’t repair them. They’ll offer you a discount on a refurb they have in stock to replace it.


72 posted on 05/23/2012 7:29:11 PM PDT by bobcat62
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To: bobcat62

Thanks.


73 posted on 05/23/2012 7:33:01 PM PDT by unkus (Silence Is Consent)
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To: BlessedBeGod

They sold me a lemon laptop and it;s probably the only mass lawsuit ever attempted for a laptop which was the DV series in 2007.

It was returned to be ‘fixed’ FIVE times which was unheard of. I prayed back then, that the CEO Mark hurd would get his ass kicked somewhere in his later life.

HP is hands down, 5 years in...my longest boycott of a product. Worst customer tech service in history. Not even Dell could match their ineptitude..


74 posted on 05/23/2012 7:53:08 PM PDT by max americana
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To: C19fan

On my rim playbook now, love it. My second one, kids cracked the first one.


75 posted on 05/23/2012 8:30:47 PM PDT by PA-RIVER
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HP was a decent product back in the day. Sad.


76 posted on 05/23/2012 10:29:23 PM PDT by NoRedTape
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To: BlessedBeGod

“Try to open a ticket with them, and the response that you get is from someone in Mexico who has difficulty understanding and expressing themselves in English.”

Information superhighway destroying our economy by working as it was designed to to ping!


77 posted on 05/24/2012 3:18:32 AM PDT by kearnyirish2
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To: Windflier

“He’s a sharp cookie, but way long in the tooth, and probably doesn’t even do half the work a newbie would do in the same position.”

Many Americans in this demographic (in various fields) are casualties of salaries being adjusted to the “new normal”; too many years of salary increases have made them uncompetitive in an employers’ market. Age discrimination laws aren’t protecting them as they are shuffled around between jobs (if they’re lucky enough to find them) at lower and lower wages; anyone I know over 40 who lost their job in the last five years and found another one is making noticeably less money, even if they are doing the same work.

It is a national disgrace.


78 posted on 05/24/2012 3:42:09 AM PDT by kearnyirish2
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To: GGpaX4DumpedTea
"I also will not buy HP printers."

Oh, I won't say that at all, myself. I love their printers; have had a ton of 'em. I currently have an Officejet 8600 that rocks.......except for one thing: it has an annoying tendency to get "lost" in the network (we print wirelessly here at the house). Only way to print again is to reboot. Pain in the ass. Otherwise....great machine.

79 posted on 05/24/2012 4:39:05 AM PDT by RightOnline (I am Andrew Breitbart!)
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To: C19fan
"...HP Laptops are crap. One died because the motherboard “melted”, a common problem with the model I had..."

Funny you mention that. I've never owned an HP laptop until my division was purchased by a much larger (household name) company. I was issued a new, top of the line HP laptop by this outfit (EliteBook 8540w); essentially a mobile workstation.

I always set laptops to hibernate when the lid is closed. However, I'd close this one, stick in my computer bag, take off somewhere for biz.......and when I'd get it out of the bag it'd be as hot as a griddle. I mean you could fry eggs on the thing.

I now go to Start, Shut Down, Hibernate to force it into hibernation. That seems to work.

I've never seen this problem before on ANY laptop.

80 posted on 05/24/2012 4:44:11 AM PDT by RightOnline (I am Andrew Breitbart!)
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To: Windflier

HP hired me right out of grad school. Three years later I met Bill Gates. Bye HP.


81 posted on 05/24/2012 5:24:22 AM PDT by ComputerGuy (HM2/USN M/3/3 Marines RVN 66-67)
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To: Taylor42

Nope, there bringing India to the U.S.


82 posted on 05/24/2012 8:19:15 AM PDT by servantboy777
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To: Future Snake Eater

HP is the longest known boycott of a product for me. I bought in 07’, the HP DV6000 series and it is probably the only known laptop lawsuit, which compounded the issue by having a separate lawsuit against NVIDIA graphic cards.

I was happy the company is close to folding but the people there, I feel bad. Whenever I buy a laptop and the words NVIDIA and HP are in the specs, I avoid it just like the past 5 years.


83 posted on 05/24/2012 8:20:10 AM PDT by max americana
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To: max americana

I bought a DV7000 around the same time period. It worked well through Iraq, but then it just kind of stopped performing for me. The optical drive in particular died after numerous problems.

I bought another HP after (I’m not 100% sure why), and, lo and behold, same types of issues with the wonderful addition of constantly, easily overheating. I had to replace the Blu-Ray drive after about a year, maybe. I took it with me to Afghanistan, but it was in a much more computer-friendly environment than my older HP was, so there was no excuse. I contacted HP to see what a replacement BD drive would cost and they told me $400+. I found one on Newegg for about $100 and it works perfectly.

I paid about $100 to get my older one repaired and it’s now the kids’ laptop. My oldest daughter learned to read from some free teaching websites on that thing.

My wife bought an ASUS to replace her absolute miserable POS HP laptop, and, despite some odd power cord issues she has with EVERY laptop, it’s been a vast improvement over the HP and it was comparatively dirt cheap.


84 posted on 05/24/2012 8:29:58 AM PDT by Future Snake Eater (CrossFit.com)
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To: Future Snake Eater

Did you buy any extended warranty or protection plan with the ASUS?


85 posted on 05/24/2012 8:35:20 AM PDT by max americana
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To: max americana

No, I didn’t. Most computer repair work I can do myself and the parts have to be pretty expensive to overtake the cost of the protection plan.


86 posted on 05/24/2012 8:40:45 AM PDT by Future Snake Eater (CrossFit.com)
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To: Future Snake Eater

Ok, thanks. I am really thinking of buying this cheap Dell for 399 but I’m sure Best Buy drones will sell me the protection plan. Would it be worth it or just buy the laptop?

There’s also another Toshiba for 469 i like but I should be able to pick either one of them within the day..


87 posted on 05/24/2012 8:44:26 AM PDT by max americana
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To: kearnyirish2
Many Americans in this demographic (in various fields) are casualties of salaries being adjusted to the “new normal”; too many years of salary increases have made them uncompetitive in an employers’ market. Age discrimination laws aren’t protecting them as they are shuffled around between jobs (if they’re lucky enough to find them) at lower and lower wages

Too many Americans also think they're owed a job making the sort of salary they think they're entitled to. In my experience, most of these same people vote Democrat, and support the nanny state in all its various permutations.

I've been hurt by negative economic forces too, but in my case, it was the influx of illegal aliens into the construction trades that practically destroyed my family's business. They drove the prices for what we do down to near subsistence levels, and turned what was once an honorable, highly skilled trade into a fly-by-night, semi-skilled, cut throat game.

Unlike my dunderhead liberal brother, I never supported the policies which brought those conditions about.

88 posted on 05/24/2012 9:25:00 AM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: max americana

For a cheap laptop, no, I don’t think it’s worth it. It also depends on your knowledge level on repairing hardware issues. Even if you’re not real comfortable with it, there are innumerable YouTube videos that will show you how to fix problems.


89 posted on 05/24/2012 9:39:33 AM PDT by Future Snake Eater (CrossFit.com)
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To: matt04

Not surprising since their products are such crap and their customer service stinks.


90 posted on 05/24/2012 9:40:14 AM PDT by Sam Gamgee (May God have mercy upon my enemies, because I won't. - Patton)
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To: ElPatriota

I had the same experience with their laptops. The hard drive crashed THREE times in 2 years! I will never buy another HP product again - no matter how much they slash the prices.


91 posted on 05/24/2012 9:45:20 AM PDT by Sam Gamgee (May God have mercy upon my enemies, because I won't. - Patton)
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To: Sam Gamgee

-—I had the same experience with their laptops. The hard drive crashed THREE times in 2 years! I will never buy another HP product again - no matter how much they slash the prices.——

Had a scanner with horrible, useless bloatware. No HP for me.


92 posted on 05/24/2012 9:52:18 AM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
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To: PA-RIVER
Yep, have a Playbook myself - typing on it right now - and I think it is a great device.
93 posted on 05/24/2012 11:56:40 AM PDT by Major Matt Mason ("Journalism is dead. All news is suspect." - Noamie)
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To: wally_bert

Have you tried going into the Network and Sharing Center, then, I think it’s called Configure Wireless Networks. It’s on the left below Change adapter settings, but I can’t see it right now because this desktop doesn’t have a wireless adapter. Anyway, you go in there and set up a profile for your network. I always name it the same as the SSID. You can enter any vagaries of your Netgear there, and it gives several options for authentication. Good luck!


94 posted on 05/24/2012 12:33:21 PM PDT by ichabod1 (Cheney/Rumsfeld 2012)
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To: matt04

Wow, Just think Meg Whitman could be destroying...I mean running California.

Meg can only run something if she is not regulated and raise fees when she makes huge blunders.


95 posted on 05/24/2012 2:16:37 PM PDT by OafOfOffice (W.C:Socialism:Philosophy of failure,creed of ignorance,gospel of envy,the equal sharing of misery)
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To: Windflier

I don’t think these people thought they were owed anything; they worked hard at their jobs and basically priced themselves out of them. Why would a company hire an older person with a family and a mortgage when they could just hire someone for a lot less? They can demand longer hours, without any of the distractions a worker with a family would deal with; in the past young workers would grow up to have families of their own, but those days are gone: few young people are committing to marriage, never mind children. They are the “new normal”.


96 posted on 05/24/2012 2:53:32 PM PDT by kearnyirish2
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To: Zhang Fei

Their printers are crap as well. I talked to a guy who repairs printers exclusively. Been in the biz for quite some time now. He disclosed that HP started using craptacular systemboards from Malaysia about 4-5 years ago. HP printers USED to be rock solid. I’ve had ‘em bad right out of the box.


97 posted on 05/24/2012 3:03:20 PM PDT by AbolishCSEU (Percentage of Income in CS is inversely proportionate to Mother's parenting of children)
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To: ichabod1

Hi,

Thanks for the tip but still batting 0. Wasn’t there a way to export wireless profiles in XP since my old Dell still works, maybe copying everything would work. It is rather aggravating as wireless works anywhere but here.


98 posted on 05/24/2012 4:50:02 PM PDT by wally_bert (It's sheer elegance in its simplicity! - The Middleman)
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To: wally_bert

Switch or router? If it’s a router you should be able to log into the router using a browser with the (usual) default gateway 192.168.1.1 and see if your wireless device is recognized in there.


99 posted on 05/24/2012 4:55:36 PM PDT by AbolishCSEU (Percentage of Income in CS is inversely proportionate to Mother's parenting of children)
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To: Conservative_Jedi; patriota
"have had it for 5 years now."

And there we have it. In the last five years, HP quality has gone down so far it's unbelievable. I would also steer clear of Canon wireless printers. Epson is the way to go; Samsung also for laser printers.

100 posted on 05/24/2012 5:00:09 PM PDT by AbolishCSEU (Percentage of Income in CS is inversely proportionate to Mother's parenting of children)
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