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Hewlett-Packard will be firing CEO Leo Apotheker and replacing him with Meg Whitman, the company announced Thursday afternoon.

It has been barely a year since HP's last CEO shakeup and already the company is moving in a new direction, dismissing Léo Apotheker and bringing Meg Whitman on board as full time CEO.

Leo Apotheker won’t remain CEO of Hewlett-Packard into a second year. Directors of the world’s biggest computer maker ousted him in favor of the former head of eBay, Meg Whitman, who lacks computer experience.

Hewlett-Packard Co named former eBay Inc Chief Executive Meg Whitman as its new president and CEO, replacing unpopular leader Leo Apotheker at the helm of the largest U.S. technology company.

The week's stock market crash didn’t spare the technology sector, which is often immune from the cycles that beset banking and basic industries. If anything, tech stocks got hammered worse than the market.

Hewlett-Packard Co is on the verge of naming former eBay Chief Executive Meg Whitman its new CEO, replacing Leo Apotheker at the helm of the largest U.S. technology company, two sources told Reuters on Thursday.

The problem for HP and doomed CEO Leo Apotheker runs much deeper than the obvious, including a sagging stock price, TouchPad tablet and WebOS failure, and a damaged brand image. The simple cultprit has been corporate indecisiveness, which has run amok throughout every problem the company has faced. That's why Apotheker is apparently out of a job and Meg Whitman, the former eBay CEO is in. But even that very move smacks of indecisiveness, since Apotheker has only been on the job for one year.

Hewlett-Packard Co is on the verge of naming former eBay Chief Executive Meg Whitman its new CEO, replacing Leo Apotheker at the helm of the largest U.S. technology company, two sources told Reuters on Thursday.

Hewlett-Packard elected Meg Whitman, former CEO of eBay, as CEO

If the board of Hewlett-Packard Co is not already ranked as one of the worst in corporate America, there are some who think it could be a contender.

September has proved to be a tough month for technology boards of directors who seem to be foundering, and not leading their companies. The result may be that customers wonder who's designing the products.

Hewlett-Packard Co's board convened on Wednesday to consider ousting Chief Executive Officer Leo Apotheker after less than a year on the job and replacing him temporarily with former eBay CEO Meg Whitman, a source familiar with the matter said.

Several media reports say that Hewlett-Packard (NYSE:HPQ) is considering ousting CEO, Leo Apotheker, only 10 months after he officially took the helm on Nov. 1, 2010.

The iPhone 5 hasn't even been announced yet, and already consumers are trading in their phones in preparation. Gazelle.com is reporting a 85 percent increase in iPhone trade-ins over the last few weeks.

The world may know later Wednesday whether or not Leo Apotheker will remain CEO of Hewlett-Packard into his second year. After a year on the job, the HP leader's progress ought to be reviewed. But if a computer-savvy expert who's not been given much of a chance to put a strategy into effect is booted out, where is the HP Way?

Casualties in the competitive wars against Apple are starting to add up -- so much so that sometimes it barely seems like a battle at all.

Is Research in Motion's PlayBook tablet destined for the fire sale bin like HP's TouchPad?

Shares of Hewlett-Packard, the biggest computer services company, jumped as much as 8.2 percent Wednesday after unconfirmed reports CEO Leo Apotheker might forced out.

Oracle shares leaped nearly 7 percent Wednesday after the database giant assuaged investor fears that lagging hardware sales might slow it down. The company reported first-quarter earnings that exceeded analyst expectations.

Database giant Oracle reported its first quarter net income jumped 36 percent to $1.8 billion, exceeding analyst estimates, as revenue rose a more modest 12 percent to $8.4 billion.

While Microsoft aims to hit the tablet market with Windows 8, Apple seems reluctant to consider any competition— the company is unlikely to release the iPad 3 until 2012, reports a J.P. Morgan analyst.

Database giant Oracle is scheduled to announce first quarter results Tuesday. If they maintain the recent pattern, they’ll likely beat analyst estimates of 44 cents a share carried by Zacks.

For IBM’s Watson supercomputer, there’s more than being a champion at “Jeopardy.” Early in 2012, medical professionals at WellPoint expect to tap its computer brain to serve 34 million subscribers.

The HP TouchPad liquidation sale will be extended to HP employees starting Sept. 28, which could leave little or no $99 tablets left available for the public.

Adults can embrace their inner child with T-shirts by Lotty Dotty featuring the image of a paper doll who comes with her own detachable Velcro clothing to mix and match, changing the doll's outfit to fit the wearer's own personal fashion.

The BlackBerry smartphone phone was a big deal, at one time. But that was a long time ago, in tech terms. It was before 2007, when Apple launched its first iPhone. Now, as Apple nears launch of its iPhone 5, the BlackBerry and Research in Motion, the smartphone's manufacturer, are both on a fast track to demise. Here are five reasons RIM and its BlackBerry smartphones may die.

Hewlett-Packard Co and top executives misled investors for months before unveiling a series of major decisions, such as the demise of the TouchPad, that hammered its shares, a shareholder alleged in a proposed class-action lawsuit filed this week.

Sharp, one of Japan’s biggest makers of electronics, will scrap its Galapagos tablet on the market less than a year. The move demonstrates the market strength of Apple’s iPad line.

The age of the smartphones and tablets has come and traditional devices like PCs and laptops are losing their touch.