IBTimes Australia : Mark Hurd Topic

HP shakeup points to more "shareholder friendly" board : analysts

Sat, 06 Apr 2013 01:21:02 +1100

The resignation of Hewlett-Packard Co Chairman Ray Lane and appointment of activist investor Ralph Whitworth as his interim replacement is a positive move by the No.1 PC maker that augers for a more "shareholder friendly" board, analysts said.

Dell warns of risks of remaining a public company

Sat, 30 Mar 2013 09:42:02 +1100

Dell Inc warned on Friday that it would be dangerous to take on a lot of debt and remain a public company given its worsening profit outlook, in a sign that it views proposals from Blackstone Group LP and billionaire investor Carl Icahn as fraught with risk.

Icahn opens door to Blackstone tie-up on Dell bid

Tue, 26 Mar 2013 09:14:02 +1100

Two of the most prominent U.S. investors could upset Michael Dell's $24.4 billion buyout bid for Dell Inc, after billionaire Carl Icahn opened the door to an alliance with Blackstone Group to wrest control of the computer maker from its founder.

Dell suitors talk tie-ups as board lets in Icahn, Blackstone

Tue, 26 Mar 2013 07:07:02 +1100

A frenzy of backroom negotiations was poised to begin on Monday after Dell Inc invited billionaire investor Carl Icahn and Blackstone Group to make firm takeover offers, potentially turning an existing $24.4 billion take-private deal into a starting bid for the No. 3 PC maker.

Blackstone, Icahn Set up 3-Way Battle to Buy Out Dell

Sun, 24 Mar 2013 17:12:12 +1100

Dell Inc appeared to have received competing offers following a $24.4 billion agreement last month to be taken private by its founder and private equity firm Silver Lake, setting up a tug-of-war for the world's No. 3 PC maker.

Blackstone, Icahn set up three-way battle to buy out Dell

Sun, 24 Mar 2013 06:42:02 +1100

Dell Inc appeared to have received competing offers following a $24.4 billion (16 billion pounds) agreement last month to be taken private by its founder and private equity firm Silver Lake, setting up a tug-of-war for the world's No. 3 PC maker.

Wall Street set for flat open after jobless claims, data on tap

Fri, 22 Mar 2013 00:35:04 +1100

Wall Street was set for a flat open on Thursday as jobless claims last week were in line with expectations and investors awaited data on housing and regional manufacturing.

Wall Street flat after jobless claims, housing data to come

Fri, 22 Mar 2013 00:14:03 +1100

Stock futures were little changed on Thursday as jobless claims last week were in line with expectations and investors awaited data on the housing and manufacturing sectors.

Wall Street flat ahead of slew of data

Thu, 21 Mar 2013 23:00:03 +1100

Stock index futures were little changed on Thursday as investors awaited a batch of data for a better assessment of the economy while keeping an eye on the financial health of Cyprus.

Stock futures signal flat to lower open

Thu, 21 Mar 2013 20:42:02 +1100

Stock index futures pointed to a flat to lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.03 percent, Dow Jones futures down 0.02 percent and Nasdaq 100 futures down 0.3 percent at 05:17 a.m. EDT.

Blackstone asks Oracle's Hurd if he wants to run Dell - source

Thu, 21 Mar 2013 11:56:02 +1100

Blackstone Group LP, which is weighing an offer for Dell Inc, is making an aggressive push to recruit Oracle Corp President Mark Hurd to be chief executive of the world's No. 3 PC maker, a person familiar with the situation said on Wednesday.

Leading proxy firms seek ouster of HP chairman, directors

Wed, 06 Mar 2013 08:35:03 +1100

Two leading proxy advisers on Tuesday urged Hewlett-Packard Co shareholders to oust several board directors for their role in the ill-fated 2011 acquisition of British software company Autonomy.

Union pension group to meet with HP officials, seeks new auditor

Tue, 26 Feb 2013 03:14:02 +1100

A union pension adviser plans to meet with Hewlett-Packard Co officials on Monday to air concerns about their corporate oversight, according to a person familiar with the matter.

How a desperate HP suspended disbelief for Autonomy deal

Sat, 01 Dec 2012 07:14:02 +1100

For Leo Apotheker, the former Hewlett-Packard CEO, a July 2011 meeting with Autonomy founder Mike Lynch at a chic seaside resort in France was pivotal to his effort to remake a storied technology giant.

Insight: How a desperate HP suspended disbelief for Autonomy deal

Fri, 30 Nov 2012 17:28:02 +1100

Insight - How a desperate HP suspended disbelief for Autonomy deal

Fri, 30 Nov 2012 17:28:01 +1100

HP's Outlook Disappoints, Shares Hit 9-Year Low

Thu, 04 Oct 2012 13:56:58 +1000

Hewlett-Packard Co's shares plunged to a nine-year low on Wednesday after Chief Executive Meg Whitman warned of an unexpectedly steep earnings slide in 2013, with revenue set to fall in every business division except software.

HP's outlook disappoints, shares hit nine-year low

Thu, 04 Oct 2012 13:56:02 +1000

HP's outlook disappoints, driving shares to 9-year low

Thu, 04 Oct 2012 06:49:02 +1000

HP's shares hit 9-year low as 2013 outlook disappoints

Thu, 04 Oct 2012 04:42:02 +1000

Oracle's Ellison focused on Cloud, not deals

Wed, 03 Oct 2012 10:00:03 +1000

Oracle Corp CEO Larry Ellison said he intends to drive growth at the world's No. 3 software maker by promoting its current suite of cloud computing products and not through an acquisition.

Lawsuit over HP ex-CEO Hurd payout dismissed

Wed, 26 Sep 2012 11:42:01 +1000

A federal judge has dismissed a shareholder lawsuit filed against former Hewlett Packard Co Chief Executive Mark Hurd and the company's board of directors that claimed Hurd received an excessive payout when he abruptly quit two years ago.

HP braces for huge loss after $8 billion EDS writedown

Thu, 09 Aug 2012 09:49:02 +1000

Hewlett Packard Co warned of a mammoth quarterly loss after writing down $8 billion (5.1 billion pounds) on the value of its services business, most of which it acquired four years ago with its $14 billion purchase of EDS.

Exclusive: HP's $600 million GM services deal at risk-sources

Sat, 14 Jul 2012 05:42:03 +1000

General Motors' decision to bring much of its information technology work in-house threatens an IT service deal worth some $600 million (385.1 million pounds) a year to Hewlett Packard Co , two sources with knowledge of the matter told Reuters.

Cisco gives CTO stronger role in exec shift

Wed, 27 Jun 2012 08:14:02 +1000

Cisco Systems Inc's chief technology officer Padmasree Warrior is taking on the additional job of chief strategy officer but unlike her predecessor, Ned Hooper, she is not considered a contender to be CEO.

Executive who criticized Oracle president quits

Thu, 21 Jun 2012 23:21:04 +1000

Oracle Corp disclosed that a senior executive has resigned following the release of documents in which he criticized his boss, company President Mark Hurd, and belittled hardware products acquired with the purchase of Sun Microsystems.

Oracle says Keith Block to leave

Thu, 21 Jun 2012 21:42:02 +1000

Oracle Corp said Keith Block, its executive vice president for North America sales and consulting, resigned to pursue other opportunities.

Oracle releases results early, allays concerns over exec departure

Tue, 19 Jun 2012 15:00:03 +1000

Oracle Corp reported stronger-than-expected quarterly profit on Monday, releasing the results three days ahead of schedule after news of the pending departure of a senior sales executive fuelled concerns that business was stagnating.

HP says Oracle violated contract

Tue, 05 Jun 2012 03:49:03 +1000

Oracle Corp violated a clear contract with Hewlett-Packard Co when it decided it would no longer make new versions of its database software compatible with HP's Itanium-based servers, a lawyer for HP said in court.

HP and Oracle set for court clash over Itanium

Mon, 04 Jun 2012 19:21:02 +1000

Lawyers for Hewlett-Packard Co and Oracle Corp will face off in court on Monday for opening statements in a bitter lawsuit over Oracle's decision to end support for HP's Itanium-based servers.