Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, leaped as much as 7.4 percent Thursday after the company said Wednesday it would fire 27,000 people by 2014.
In early activity, HP shares were at $22.09, up $1.01, or about 4.8 percent. They had started to rise after HP reported mediocre second-quarter results on Wednesday.
CEO Margaret (Meg) Whitman explained the trims were necessary to rebuild the Palo Alto, Calif., company's ability to compete in cloud computing and technology.
David Zielenziger is a veteran editor and journalist who has written for newspapers including the Baltimore Sun, Asian Wall Street Journal and EETimes, as well as for...