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 ...
HP hired me right out of grad school. Three years later I met Bill Gates. Bye HP.
Nope, there bringing India to the U.S.
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.
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.
Did you buy any extended warranty or protection plan with the ASUS?
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.
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..
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.
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.
Not surprising since their products are such crap and their customer service stinks.
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.
-—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.
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!
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.
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”.
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.
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.
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.
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.
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