MARK HURD

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.

During his brief stay at HP, Apotheker decided to dramatically shift the company’s strategy.

Hewlett-Packard Co's board is considering ousting Chief Executive Officer Leo Apotheker after less than a year on the job and replacing him temporarily with former eBay CEO Meg Whitman, Bloomberg cited two sources familiar with the matter as saying.

Hewlett-Packard Co's board is considering ousting Chief Executive Officer Leo Apotheker after less than a year on the job and replacing him temporarily with former eBay CEO Meg Whitman, Bloomberg reported, citing two sources familiar with the matter.

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?

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.

Oracle Corp forecast earnings for the current quarter that are higher than expected, as well as robust software sales, offering some reassurance to investors hoping that global technology spending is holding up.

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.

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.

Cisco Systems Inc slashed its long-term forecasts, acknowledging an end to an era of scorching growth after cutting thousands of jobs in a sweeping four-month reorganization.

When John Chambers takes to the stage on Tuesday, many will be wondering if it is the last time the chief executive leads Cisco Systems Inc's annual financial analyst conference.

Robert Kelly, the chief executive of Bank of New York Mellon Corp. (NYSE: BK) was recently fired reportedly because of his “abrasive” personality and management style.

The chief executive of Bank of New York Mellon Corp. Robert Kelly was fired on Wednesday reportedly because of his “abrasive” personality and management style.

Oracle Corp accused Hewlett-Packard Co of fraud for concealing facts during negotiations between the two companies, according to a court filing.

Mexican tycoon Carlos Slim is the richest person in the world for the second year in a row, Forbes said on Wednesday.

How will new Apple CEO Tim Cook fare? Tech company transition CEOs have been a mixed bag.

HP's TouchPad flop brings to mind five other tech mishaps

Less than two months after its release, HP is dropping the TouchPad and other WebOS devices.

Hewlett-Packard could sell low-margin PCs to focus on high-margin services

Shares of Hewlett-Packard Co and Dell Inc fell on Wednesday as the outlook for U.S. and European corporate government technology spending dimmed.