Hewlett-Packard is making a bold move to reshape its business that analysts are applauding as having long-term upside. In the short term, however, investors are concerned about the cost and risks involved -- sending HP shares down 16.23 percent Friday in pre-market trading.
HP dumped its webOS Touchpad tablet, the Taliban attacked a British cultural center in Kabul, five were killed at a Belgian music festival, and more in today's Daily Scoop.
In a bold move, Apotheker -- who took the job as HP CEO in November -- has decided to spin off the company's PC unit that accounted for 30 percent of sales in the most recent quarter. But it's not hard to understand why, since HP's PC unit, despite being the largest in the U.S., generated only a 5.9 percent operating margin.
Apple's App Store has opened a new realm for ingenious entrepreneurs looking to cash in on iPhone, iPad and iPod touch ubiquity.
Technology giant Hewlett-Packard (NYSE:HPQ) could lose a major chunk of its revenues by exiting its PC business and closing down webOS, a Wall Street analyst said in a note to clients.
Technology giant Hewlett-Packard (NYSE:HPQ) is probably following in the footsteps of peer IBM by planning to exit the PC business to focus on software space.
Hewlett-Packard is considering a sale of its personal computer unit and will kill of its Web tablet that was launched a month ago.
HP's TouchPad flop brings to mind five other tech mishaps
Here are five tech flops from the PC era
Rest in peace, HP TouchPad. You had a short, miserable life. Some consumers liked you, but it wasn't enough -- so HP is giving up, putting you to swift death.
Less than two months after its release, HP is dropping the TouchPad and other WebOS devices.
Hewlett-Packard will be dumping its Touchpad tablet computer and phones after dismal sales at Best Buy and other retailers, the company announced on Thursday.
Hewlett-Packard may announce a bold plan as early as today to completely remake the company -- shedding its PC unit and acquiring enterprise software company Autonomy Corp for $10 billion.
The company is set to expand beyond North America in the new year.
The Skype app took a while to launch on the ipad but it isn't holding back as it launches a new Wi-Fi function that enables iphone, ipad and itouch users to connect to over 1 million Wi-Fi hotspots around the world.
About 27,000 iPhone users in South Korea have sued Apple, claiming the company collects data relating to their location and movement without consent.
Google has agreed to buy struggling Motorola Mobility for $12.5 billion -- or $40 per share -- suddenly opening the door to Microsoft as it vies for new life in the mobile phone software business.
Apple's latest lawsuit comes from 27,000 South Koreas, upset over privacy violations involving location services on the company's iPhone smartphone, iPad tablet and iPod Touch.
Google Inc.'s Android is dominating smartphone sales in Australia, overtaking Apple Inc.'s iOS for the first time, according to a new research.
Google has agreed to buy struggling Motorola Mobility for $12.5 billion or $40 a share in cash, making a positive situation for Microsoft as it vies to get back into the mobile phone business.
Steve Jobs' inventions/projects at Apple have shaped how we live, work, and play.
Google lost the battle with Apple, Microsoft and other in the bid for Nortel Network's 6,000 patents in the extravagant $4.5 billion transaction. The search giant regained some traction with it $12.5 billion dollar acquisition of Motorola in its push for dominance in the mobile market. The buy includes 17,000 patents that Google can utilize in combating legal affairs with rivals such as Apple.