Hasta La Gadget!

Finally, Jon Rubinstein is ready to re-open the wounds sustained from HP’s bungled acquisition of Palm. When Fierce Wireless asked the former CEO what he’d do differently, he said that selling the company to Hewlett Packard was “a waste,” and that he probably wouldn’t do the same again. He also revealed that the company’s awkward exclusive relationship with Sprint was caused by last-minute withdrawals from Verizon and Vodafone. If you’re curious about Rubinstein’s feelings on how webOS has influenced mobile operating systems and his new roles with Amazon and Qualcomm, head on down to the source link.

Filed under: Cellphones, Tablets, Mobile, HP

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Source: Fierce Wireless

HP’s stock is climbing in after hours trading from news of the company’s quarterly financial results. The Palo Alto firm has posted a profit of $1.2 billion for the first quarter, which is based on revenues of $28.4 billion. While the results fared better than HP’s previous expectations, both profit and revenue have fallen year-over-year for the Silicon Valley mainstay, down 16 percent and six percent, respectively. With respect to the company’s divisions, personal systems, printing, enterprise, services and software have each taken a hit from the previous year, with HP’s financial services segment being the only unit to show growth (despite the fact that financing volume is also down). Beyond the sagging numbers, Meg Whitman is offering reason for optimism to investors, saying the company will bring “a number of new programs and disruptive innovations to market in the coming quarters, and we expect the benefits from our restructuring will accelerate through fiscal 2013.” For the complete breakdown of HP’s financial health, just hit up the source link.

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Source: Marketwatch

Hewlett-Packard didn’t have the best 2012, but that’s not stopping the US company from getting on the Chromebook bandwagon. The HP Chromebook Pavilion was spotted by Slashgear on HP’s own web store, despite the additional information section noting a February 17 “ad embargo” on the information. The little 14-inch Chromebook runs Google’s eponymous OS with an Intel Celeron 847 CPU clocked at 1.1GHz, an Intel HD GPU, 2GB of DDR3 SDRAM (expandable up to 4GB), and 16GB of SSD storage space, put to use on the 14-inch HD BrightView LED-backlit display (1366 x 768 resolution). A trio of old-school USB 2.0 slots an HDMI out, and an ethernet jack make up the lion’s share of ports, while an SD card slot adds expandable storage options. The 2.55Ah lithium-ion battery included will last up to (approximately) four hours and 15 minutes, though we’d like to put that to the test ourselves before trusting the specs sheet. Of course, it looks like it won’t be too long before we hear more and get our hands on the device, given that Feb. 17th date.

Filed under: Laptops, HP

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Via: Slashgear

Source: Hewlett-Packard (PDF)

HP bet big on the smartphone world when it purchased Palm, but the company fell flat on its face and webOS failed to take off. The reasons for the failure are numerous, but the new CEO Meg Whitman is smart enough to realize it can’t simply abandon the market entirely. In an interview with Fox Business, she said that HP “ultimately has to offer a smartphone.” Though she was willing to acknowledge that the company is “working on this,” she would not divulge too many details about its mobile plans. Whether or not webOS may rise from the ashes as a largely community-powered platform remains to be seen, but we wouldn’t be shocked to see HP pivot towards its longtime partner Microsoft, and release a Windows Phone 8 device. Perhaps the best glimmer of hope for the former Palm system was Meg’s focus on developing markets. She rightly points out that, in some parts of the world, the first and only “computer” a person may own is a smartphone — and reaching that audience is essential to Hewlett-Packard’s success. Going back to the webOS well (with its open source support) would allow the company to save a few dollars on the cost of a new handset. Check out the video after the break for the full quotes in context.

Continue reading Meg Whitman says HP has to ‘offer a smartphone’

Filed under: Cellphones, Software, Mobile

Meg Whitman says HP has to ‘offer a smartphone’ originally appeared on Engadget on Fri, 14 Sep 2012 09:43:00 EDT. Please see our terms for use of feeds.

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To say that HP is in a bit of a transitional period would probably be an understatement. As expected, the $8 billion hit it took over the EDS purchase severely impacted its bottom line. While revenue was down year-over-year to $29.7 billion, that five percent drop equated to a 568 percent decline in income as the company posted a loss of $8.9 billion. If not for the combined $10.8 billion in charges it was forced to absorb this quarter, the company’s net-income would have stood at $2 billion — which would have been a significant improvement over Q2’s $1.6 billion in profit. While such a staggering loss does appear bad, the non-GAAP results should give investors some hope, as the merger and layoff related charges are a one-time deal. Still, the outlook continues to be grim at the Personal Systems Group which has seen revenue drop 10 percent over the last year. The lone bright spot in the company’s line up appears to be its software division, where revenue has grown 18 percent year-over-year. CEO Meg Whitman issued a statement alongside the Q3 2012 earnings report looking to assuage nervous investors’ fears. “HP is still in the early stages of a multi-year turnaround, and we’re making decent progress despite the headwinds,” she asserts and assures that better days lie ahead. For more financial fun, check out the PR after the break and all the tables and charts you can handle at the source.

Continue reading HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss

Filed under: Misc. Gadgets

HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss originally appeared on Engadget on Wed, 22 Aug 2012 16:38:00 EDT. Please see our terms for use of feeds.

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