http://finance.yahoo.com/news/reports-hp-poised-eliminate-30-194048434.html
May 18, 2012
On the road again...
http://finance.yahoo.com/news/reports-hp-poised-eliminate-30-194048434.html
March 03, 2012
September 24, 2011
End of The Soap Opera ?
"Having thrown Leo Apotheker under the bus, Hewlett-Packard's board of directors clicked the "buy it now" button last week and tapped current director and former eBay chief Meg Whitman as CEO...." barrons.com
How long can Meg last ?
• John Young : 14 years (1978-1992)
• Lew Platt : 7 years (1992-1999)
• Carly Fiorina : 6 years (1999-2005)
• Mark Hurd : 5 years (2005-2010)
• Leo Apotheker : 1 year (2010-2011)
Mark Hurd sex harassment letter published !
September 14, 2011
HP has abandoned plans to offshore 200 jobs in UK (+ 64 in France)
HP has abandoned plans to offshore the jobs of IT support staff working on the Adams 2 contract for the Department of Work and Pensions.
The saga began in June when HP first revealed it was in talks to transfer some 200 roles based in north-east England to India to help it match the Government's demand to cut costs.
The move was met with obvious resistance from HP employees, the Public and Commercial Services Union and latterly local MPs, who highlighted the security implications of overseas workers managing a live database on 25 million citizens.
"Having discussed the proposal with our government client, we have agreed that in this instance we will continue to carry out the work in the UK," said an HP spokesman in a statement sent to The Reg.
Due to the sensitive nature of the work carried out by HP employees at the DWP, the Government had the final say on transfer of roles but the PCS also put pressure on proceedings by balloting staff on their appetite to strike.
Slightly less than half of unionised members turned out but 90 per cent of those voted for industrial action short of a strike, including working to rule and disrupting the knowledge transfer process.
Commenting on the latest development, PCS general secretary Mark Serwotka said: "This is very good news for our members who have campaigned hard on this and been rewarded with saving their jobs.
"But it also means that the very real concerns we raised about data security have been listened to, and we are pleased that ministers have seen sense."
Employment minister Chris Grayling said he had asked contractors to "find a way to work in the UK".
"We have always been clear that we will not offshore any DWP jobs, and we are exploring how future offshoring can be minimised," he said.
And also 64 jobs saved in France : http://cftchp.blogspot.com/2011/09/2-delocalisations-annulees.html
August 23, 2011
March 28, 2011
HP Shareholders Vote Against Executive Compensation Packages
http://www.bloomberg.com/news/2011-03-23/hewlett-packard-shareholders-vote-against-executive-pay-1-.html?cmpid=yhoo
March 12, 2011
February 21, 2011
Spain : protests against HP lay-offs
http://www.youtube.com/watch?v=q9OodmF1f4Y (YouTube)
http://www.uniglobalunion.org/Blogs/UNI_HP_EDS.nsf/dx/HP%20Protest_Mobile%20World%20Congress.doc/$file/HP%20Protest_Mobile%20World%20Congress.doc
February 12, 2011
What HP is all about in 30 seconds
http://economictimes.indiatimes.com/features/corporate-dossier/hps-ceo-leo-apotheker-on-how-he-plans-to-make-the-worlds-largest-it-co-dance/articleshow/7468476.cms
February 03, 2011
Can HP become a cool company ?
You should read this : http://www.bbc.co.uk/news/business-12291529
"I hope one day people will say 'this is as cool as HP', not 'as cool as Apple'"
December 29, 2010
Ex-HP CEO Mark Hurd Fights To Keep Letter Confidential
In court documents filed on Tuesday, Hurd asked to become a party to a lawsuit brought by a shareholder against Hewlett-Packard for the narrow purpose of keeping under wraps a letter sent to him. Both the shareholder and the company have said they do not believe the letter should be considered confidential.
Hurd, who has since joined Oracle as president, resigned suddenly from Hewlett-Packard in August, stunning investors and sparking an investigation by regulators. The letter at the center of the Delaware Chancery Court fight was sent by attorney Gloria Allred on behalf of Jodie Fisher, a contractor for Hewlett Packard. Allred was attempting to mediate a dispute between Hurd and Fisher, who has said the letter in dispute contained "many inaccuracies," according to court documents. Fisher sparked an investigation that eventually led to Hurd's departure.
The shareholder lawsuit was brought by Ernesto Espinoza, who sued the company to inspect its books.
December 21, 2010
SEC opens inquiry on Hurd resignation
As part of the probe, the Securities and Exchange Commission is checking whether Mr. Hurd passed information about H-P's $13.9 billion acquisition of technology-consulting company Electronic Data Systems Corp. to a former H-P event hostess in 2008, before the deal was announced.
December 05, 2010
Leo Apotheker's Top 11 Priorities For The New Year
New HP CEO Leo Apotheker, who took the helm on November 1, is already signaling his top priorities for 2011. Among the areas that the 20-year-software-veteran has singled out are increasing software sales and doing a better job bringing consumer technology breakthroughs to businesses. Here are Apotheker's top 11 priorities for 2011 gleaned from his early conversations with Wall Street analysts and reporters.
1/ Increase software sales
Increasing HP's software sales has been a major theme for Apotheker. The former CEO of ERP software giant SAP has pointed out several times that software makes up a meager three percent of HP's $126 billion in annual sales.
"We need more software both as a category and also across the portfolio so that we can differentiate our individual products and services," said Apotheker. So just what kind of software sales gains is he looking for? "Doubling it wouldn't be too bad," said Apotheker. "Tripling it would be even better!
2/ Foster more HP innovation with increased R&D spending
Make no mistake about it. Apotheker is a technologist. And he is determined that HP leverage its huge scale to deliver more technology breakthroughs to the marketplace. Apotheker calls it accelerating HP's innovation cycle. HP's R&D budget was up more than sales growth year-over-year in 2010. Expect that trend to continue. And look for Apotheker to push the R&D team hard to deliver advances that provide near term product advances for HP.
3/ Upping HP's services quotient across the company
Apotheker wants to plug more of HP's services offerings into more deals. He sees services, like software, as a missed opportunity for the computer giant. This follows two years after HP acquired EDS for $13.9 billion. HP Services revenue was essentially flat at $34.93 billion in fiscal year 2010 compared with $34.69 billion for 2009. Apotheker says that HP needs to break down some technology silohs it has between the product groups and the services team and add "services that cut across all the segments."
4/ Beefing up HP's direct sales force
Apotheker headed up a large direct sales force at SAP. And he has already signaled his intent to grow HP's direct sales force. "We feel that adding all these people we can provide our customers way better service so we'll continue doing that," he said. Look for HP to add more direct sales talent to its services team. Apotheker also aims to step up the training and solutions focus of the direct sales force. "Trust me, we'll be focusing on that even more in the future," he said.
5/ Improve HP employee morale
Apotheker has moved quickly to get HP employee support for the next big cultural shift at the company. Cost cutting and salary cuts were the order of the day under former HP CEO Mark Hurd. Only three weeks on the job, Apotheker reinstituted salary increases in Fiscal Year 2011 as part of the HP's normal annual review process.
"HP employees are a highly competitive group who want to win," he said. "They also want to be rewarded for their performance." You can almost hear HP employees cheering Apotheker.
6/ Provide customers choice, not proprietary technology lock-in
HP may have the broadest and deepest product line in the information technology marktetplace. But don't look for the company to attempt to lock customers into a single end-to-end vertical technology stack. Apotheker says customers are looking for choice not proprietary technology lock-ins. HP has made sure its open industry standard servers run the full range of software solutions from the likes of Oracle, SAP, and Microsoft. Expect that to continue under Apotheker.
7/ Double-down on HP's networking business
It's no mistake that Apotheker has singled out the impressive sales growth gains in HP's ProCurve networking business. He sees the networking business as a huge opportunity for HP to play a greater role providing converged infrastructure with HP servers, storage and networking. HP said networking sales increased a whopping 227 percent overall in the fourth fiscal quarter 2010. HP has enrolled 400 of its top global accounts in the HP Networking proof-of-concept program. Look for Apotheker to lead the charge to increase the company's networking sales by an even greater margin in 2011.
8/ Make it easier for customers to do business with HP
Apotheker has met with countless HP customers who want to do more business with the computer giant but in some cases are put off by the difficulty of doing business with the $126 billion behemoth. "We need to make it easier for customers to do business with HP," he says. Look for Apotheker to take a number of steps to reduce the bureaucracy and the finger-pointing that has frustrated more than a few customers looking for help from HP.
9/ Faster sales growth in emerging markets
A self-described Global citizen, Apotheker has already traveled thousands of miles and met with customers and employees around the world. Look for him to spend a lot of time in emerging markets like India and China making sure that HP is firing on all cylinders leveraging its size to gain competitive advantage. Apotheker sees HP as a global citizen too that needs to do a better job outpacing the competition in those emerging markets.
10/ Offer customers more cloud and web mobility choices
Apotheker says customers are looking for information on demand anytime and anyplace—what he refers to as a "mobile instant on platform." Customers don't want to have to struggle to get information from the corporate network when they are on the road. And they don't want to be locked into a single public cloud. They want the cloud their way. And Apotheker aims to make sure they get it in whatever form they want it. "We will continue to deliver solutions in a hybrid environment whether it's on-premise through the cloud or hosted," he said.
11/ Leveraging consumer technology advances in the enterprise
Apotheker likes to point out that HP has a strong footprint in the both the consumer technology market and the enterprise computing business. In fact, he calls that consumer to enterprise connection HP's secret sauce. Look for Apotheker to push more consumer technology advances into the enterprise to give HP a competitive advantage. And look for him to do a much better job integrating consumer technology like the tablet into full fledged vertical market enterprise solutions.
November 06, 2010
The real story : why Hurd Lost Out as Board Lost Faith
This summary is not available. Please
click here to view the post.
October 12, 2010
HP prepares to scrap a further 1,300 UK jobs
HP is preparing to slash a further 1,300 British jobs and move production overseas – a decision that led one trade union to describe the company as a "butcher".
The US technology giant has announced more than 2,000 UK job losses since June. Peter Skyte, the national officer for the Unite union, said: "Despite significant profits, HP appears hell-bent on continuing to butcher its highly skilled UK workforce ... Morale is at an all-time low."
HP said the cutbacks were part of a $1bn (£629m) restructuring of its services business, confirmed in June. As part of the overhaul, it plans to axe 9,000 staff from its global workforce, while filling 6,000 new posts.
Nearly 4,000 jobs have now been shed at HP in the UK over the past two years, with the figure now set to rise to nearly 6,000 by next April, Unite said.
Peter Skyte, Unite national officer, said staff morale had hit rock bottom following "quarter after quarter" of redundancy rounds. "It is becoming impossible for the workforce to work while they have an axe continuously over their heads," he said. "Morale has slumped and it is affecting productivity."
He added: "Lax employment protection in the UK compared to other European countries means that the UK is bearing the brunt of the cuts, as it's quicker and cheaper to sack UK people and export their jobs abroad."
The world's leading personal computer manufacturer announced in June plans to cut a further 9,000 jobs worldwide as it made a $1bn (£680m) investment in fully automated data centres, although the full impact on UK jobs was not known until Monday.
Mr Skyte said: "It's not exactly a recipe for efficiency and productivity. It's been nearly five months between the worldwide announcement and the [latest] UK one."
Unite refused to rule out strikes over the latest job cuts. HP staff who are members of the PCS union and working on government contracts walked out on a two-day strike in March this year in a row over job security and pay. Mr Skyte said: "All action will be considered including industrial action."
Alex Lock, an employment partner at Beachcroft law firm, said HP was acting within the law when it came to moving the jobs offshore. "Lots of companies are basically shipping off some parts of their basic workforce functions to countries like India and Africa."
He added the trend had "accelerated" during the recession as businesses were under pressure to cut costs. "You can get people there [overseas] to do essentially the same tasks, or provide the same technical facilities, but pay them a 10th of what you'd pay them over here."
Last year HP cut more than 700 jobs in the UK as part of a worldwide reduction of 5,700 workers. The job losses were on top of the company's previous plan to reduce its global headcount by 24,600 and shrink its wage bill by 5pc.
In a statement about the latest job cuts, the company said: "HP is in consultation with the appropriate representative bodies within the UK regarding potential workforce changes which were announced June 1st, 2010. This is an initiative to transform HP's enterprise services business to benefit clients through new offerings and improved service delivery."
October 01, 2010
Who is Léo Apotheker ?
HP bio
HP's curious choice
New HP CEO seen sharp but holds mixed record
And many more updates in comments such as :
Apotheker vs. Hurd: Who Makes More Money ?
September 30, 2010
Todd Bradley could be next but...
Sources at FUMH indicates that Todd Bradley has already hired lawyers to start working on his compensation package. And guess what ? Trying to humanize his compensation, and tying it to the compensation of average folks at HP is what they’re working on.
The other big move would be to separate strategy from execution. Hurd was both CEO and Chairman of the board. Someone with more “vision,” would be put into that spot and Vyomesh Joshi could become the Chairman, with responsibility for the strategy of the company.
Bradley would like to offer a block of stock options to all employees. At around $40, the “Bradley Options,” could be a way to boost the anemic Hurd-level moral, and try to reward everyone for their sacrifices in keeping HP strong throughout the recession.
Todd Bradley HP official bio
Smartest Executive: Todd Bradley
Todd Bradley talks to CNBC (video)
Yes but....
Leading internal candidates include Todd Bradley, who leads HP's high-volume but low-margin PC division. He is viewed as a strong operational manager, but some board members are worried about his strategic vision, one source said.The source added that others were concerned because Hurd had been seen as major supporter of Bradley's, one of Hurd's first hires when he came onboard in 2005."
http://sg.finance.yahoo.com/news/HP-sought-two-IBM-execs-CEO-rsg-4175365170.html?x=0&.v=2
Yes but....
Leading internal candidates include Todd Bradley, who leads HP's high-volume but low-margin PC division. He is viewed as a strong operational manager, but some board members are worried about his strategic vision, one source said.The source added that others were concerned because Hurd had been seen as major supporter of Bradley's, one of Hurd's first hires when he came onboard in 2005."
http://sg.finance.yahoo.com/news/HP-sought-two-IBM-execs-CEO-rsg-4175365170.html?x=0&.v=2
September 28, 2010
HP subsidiary on strike in Dublin
Workers at a HP subsidiary have begun the first of two 24-hour stoppages at the firm's plant in Co Dublin in a row over job security, redundancy terms and pay and conditions.
Engineers and technicians employed by HP Customer Delivery Systems say management at the company have refused to engage with the union representing them.
The 40 IBOA members at the Leixlip plant have been joined by other workers on the picket.
The workers provide maintenance services for a range of electronic equipment including bank ATM machines and point-of-sale devices in shops. They also maintain computer systems in a number of Government departments including the processing of social welfare cheques.
Irish Bank Officials' Association said management at the company signalled its intention to renege on an existing collective agreement and rejected a recent Labour Court recommendation urging HP CDS to engage in dialogue with the union.
The union was to stage a work stoppage at the beginning of August but when management signalled its intent to engage with them it was postponed. However in the following weeks these attempts "fell flat" as the talks were to be confined to a small group of workers a spokesman for the union said.
Staff have raised concerns over job security, redundancy terms, pay, possible transfer and redeployment, as well as the general management culture and issues relating to dignity and respect at work.
IBOA general secretary Larry Broderick said management has adopted a "wholly negative posture" to the situation. "IBOA has repeatedly indicated its willingness to negotiate but management has refused to enter into meaningful talks by rejecting the best efforts of the Labour Court and seeking to rescind previous agreements with the union.
"The stance taken by management in HP CDS is all the more surprising because IBOA has developed a constructive relationship with the management of the parent company, HP, on behalf of our members directly employed there," he added.
A second work stoppage will take place on Thursday unless meaningful negotiations begin in the meantime, the union added.
September 13, 2010
H.P.’s Blundering Board
Best of article :
The Hewlett-Packard board is back to doing what it does best: shooting itself in the foot. By filing an embarrassing lawsuit against the company’s former chief executive, Mark V. Hurd, this week — a suit that unwittingly highlights the mistakes it made in the way it let Mr. Hurd go — the H.P. board can now lay claim, officially, to the title of the Most Inept Board in America.
...
Mr. Hurd got his $12.2 million 30 days after leaving H.P. On Sept. 6 — which is to say, the 31st day — Oracle announced that Mr. Hurd was joining Oracle as co-president, reporting to its founder and chief executive, Lawrence J. Ellison, well known in Silicon Valley as a corporate mischief-maker.
Let us acknowledge, before going any further, that Mr. Hurd does not appear to be a candidate for sainthood in this matter. This whole dustup began when Mr. Hurd was accused of sexual harassment by Jodie Fisher, the greeter in question. Although Mr. Hurd quickly paid to make the accusation go away — and although the two have denied having sex — it sure looks like something fishy was going on. You don’t keep someone off your expense account without a reason.
....
Thus, the central contention in the H.P. lawsuit — that Mr. Hurd will inevitably use his inside knowledge of H.P.’s hardware business to help his new employer — strikes me as quite plausible. How can he not? He’s spent the last five years eating, drinking and sleeping H.P. (Well, except when he was eating and drinking with Ms. Fisher.) H.P. is in his bones.
...What I’ve been hearing this week is that the board felt it had no choice but to sue Mr. Hurd — both to put him on notice and to send a strong message to the rest of the company. But if this case gets laughed out of court, as I suspect it will, the message is going to be a bit different from what the board intends. The whole world will know Mr. Hurd walked away with $40 million of H.P. shareholders’ money, and joined a multibillion-dollar competitor with H.P. in its sights — and there wasn’t a thing H.P. could do to stop him. Confidence-inspiring, this ain’t.
http://www.nytimes.com/2010/09/11/business/11nocera.html?_r=1
September 06, 2010
Sad day for Oracle employees. HP sues Hurd !
Hurd Is Now a President at Oracle
H-P Sues Hurd After Oracle Appointment
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