Tag Archives: Léo Apotheker
Exit: Apotheker, Enter: Whitman
Hewlett-Packard Company (NYSE:HPQ) CEO Leo Apotheker has resigned from the company and has been replaced by Meg Whitman, the former CEO of eBay Inc. (NASDAQ:EBAY). Below is an e-mail that Apotheker sent out to HP employees:
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Categories Hewlett Packard, HP, Léo Apotheker, Meg Whitman
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HP Considers Replacing CEO Leo Apotheker With Former eBay CEO Meg Whitman
Hewlett-Packard Company (NYSE:HPQ) is highly considering the replacement of Leo Apotheker. One of the potential candidates is former eBay CEO Meg Whitman according to a source with Bloomberg.
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Categories eBay, Hewlett Packard, HP, Léo Apotheker, Meg Whitman
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H-P’s Awful Company Decisions In The Last Year
Hewlett-Packard Company (Public, NYSE:HPQ) has made a barrage of terrible decisions in the last year. The Wall Street Journal did a great job summarizing it in one article. I’ll summarize it by bullet points.
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Categories Hewlett Packard, HP, Jayson Noland, Léo Apotheker, Mark Hurd
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HP Market Cap Drops $16 Billion On Friday
After agreeing to acquire Autonomy and indicating that they will be shutting down the WebOS brand and spinning off their hardware business earlier this month, Hewlett-Packard Company (NYSE:HPQ) has been on a downward spiral. This past Friday, the company stock price dropped to the point where HP’s market cap as a whole lost $16 billion. Analysts blame the drop entirely on poor upper management decisions, specifically around Leo Apotheker’s visions. This is HP’s worst single-day stock price fall since the Black Monday stock market crash in October 1987.
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Categories Hewlett Packard, HP, Léo Apotheker, Pat Becker Jr., Toni Sacconaghi
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HP Agrees To Acquire Autonomy For $10.3 Billion, While Considering Killing Off WebOS and Spinning Off Hardware Business
Hewlett-Packard Company (NYSE:HPQ) has agreed to buy Autonomy Corporation plc (LON:AU) for $10.3 billion. After the acquisition is complete, HP would spin off their PC business to focus on enterprise. Autonomy shareholders would receive $42.11 per share after the acquisition. This is a 64% premium from the day before the acquisition offer.
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Categories Autonomy Corp, Carly Fiorina, Hewlett Packard, HP, Léo Apotheker
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HP CEO Leo Apotheker Warns Execs Of Another Tough Quarter Ahead
Hewlett-Packard Company (NYSE:HPQ) CEO Leo Apotheker has warned exeutives in an internal memo that “another tough quarter” is coming and he asked them to watch every penny. HP plans on reporting their results before market hours today. HP has sharply lowered expectations after sales trimmed in March. HP has to stay competitive with Cisco and Oracle in the cloud computing sector. [Reuters]
Categories Hewlett Packard, HP, Léo Apotheker
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Leo Apotheker: WebOS Will Be On Every HP PC In 2012
Hewlett-Packard Company (NYSE:HPQ) CEO Leo Apotheker said that every HP PC that will be shipped in 2012 “will include the ability to run webOS in addition to Windows.” Apotheker said that this will help pull in more developers to the webOS smartphone and tablet operating system. Apotheker also promised to pull development projects out from smaller teams at HP and commercialize them. [SlashGear]
Categories Hewlett Packard, HP, Léo Apotheker
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HP CMO and SVP Michael Mendenhall Steps Down
Hewlett-Packard Company (NYSE:HPQ) Chief Marketing Officer and Senior Vice President Michael Mendenhall (pictured above) is departing from the company. Who is replacing him? Bill Wohl (Twitter account), the VP of Global Frield Communications and head of Integrated Communications for the co-CEO Bill McDermott is replacing Mendenhall. Rumor has it that HP CEO and former SAP co-CEO Léo Apotheker made the recommendation to hire Wohl. [AllThingsD]
Categories Bill Wohl, Hewlett Packard, HP, Léo Apotheker, Michael Mendenhall
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Oracle Hires PI To Find HP CEO After Claiming SAP’s Theft Costed $4 Billion [REPORT]
Oracle Corporation (NASDAQ:ORCL) has reportedly hired private investigators to find Hewlett Packard CEO Leo Apotheker. HP refused a subpoena for Apotheker because they believe Oracle is just trying to harass him. Oracle CEO Larry Ellison believes that the theft SAP made through Apotheker costed them $4 billion.
SAP had admitted to software theft through a subsidiary by the name of TomorrowNow. But they believed it costed Oracle tens of millions of dollars rather than billions. SAP also claims that they shut down the TomorrowNow subsidiary after learning about the theft.
“The interest in Mr. Apotheker on the part of Mr. Ellison only happened recently, as a result of Leo’s appointment to run HP,” stated SAP spokesman Bill Wohl. “That recent interest speaks volumes about why it’s important to them. The question is, does that at all have anything to do with this case?”
Ellison has been unable to provide evidence about the $4 billion claim thus far. The evidence is not looking favorable for Oracle right now because attorneys from SAP have been able to produce e-mails from Oracle executives that states that TomorrowNow was not a threat. Another e-mail was produced that said that Oracle had not lost any large customers to SAP in the two after it the company bought TomorrowNow.
[Reuters]
Categories Bill Wohl, Larry Ellison, Léo Apotheker, Oracle Corporation, SAP AG, TomorrowNow
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Oracle Takes SAP To Trial and Is Seeking $2.3 Billion In Damages
Oracle Corporation (NASDAQ:ORCL) has taken SAP AG (NYSE:SAP) to court and they are seeking $2.3 billion in damages for “inappropriate” downloads of Oracle materials. Former SAP CEO Leo Apotheker and Oracle CEO Larry Ellison may both have to get testimonies about the trial.
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Categories Hewlett Packard, Howard Anderson, HP, Larry Ellison, Léo Apotheker, Mark Hurd, Oracle Corporation, SAP AG
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