leo apotheker
HP Reveals Post-Acquisition Plans for Autonomy
www.readwriteweb.com
Last summer, when HP gave up on smartphones to place a $10.3 billion bet on semantic-search company Autonomy, then-CEO Leo Apotheker's bold plan was to create a new kind of enterprise search-enabled content management. Today, under new CEO Meg Whitman, the company revealed some of the fruits of that acquisition,...
Hewlett-Packard set to axe up to 30,000 jobs
www.guardian.co.uk
Computer and software company expected to cut 8% of workforce as consumers ditch bulky PCs in favour of tabletsHewlett-Packard is planning to cut as many as 30,000 jobs, in one of the world's biggest redundancy programmes in recent years.The computer and software company, which employs 324,600 worldwide, is expected to...
Autonomy’s private cloud, the largest of its kind, surpasses 50 petabytes
venturebeat.com
Enterprise software and services player Autonomy‘s private cloud for businesses has now surpassed 50 petabytes to extend its lead as “the world’s largest private cloud,” the company announced this morning. HP loudly announced its decision to buy Autonomy back in August 2011. And when the $10.3 billion deal closed...
Autonomy, Not So Autonomous Anymore: HP CSO Bill Veghte Steps, Founder Mike Lynch Steps Down
techcrunch.com
Within HP’s quarterly results today, a bit of a development on Autonomy, the company’s $10.2 billion enterprise software purchase from last year that was profitable when HP bought it but in the last quarter saw “significant” declines in its core licensing revenue: its founder and head Mike Lynch is stepping...
HP reports fiscal Q1 revenue of $30.04 billion, below $30.7 billion expectation
thenextweb.com
Today HP released its fiscal first quarter earnings. It’s revenues for the period were $30.04 billion, down from $32.3 billion last quarter, its net income was $1.47 billion, and its earnings per share was $0.73. Analysts had anticipated 87 cents per share in profit. HP itself has forcasted that it will earn...
Whitman to kick off HP comeback tour
gigaom.com
When Hewlett-Packard CEO Meg Whitman addresses a few thousand HP partners Wednesday there will be a lot on the line. HP relied on a cadre of retailers, value-added resellers (VARs) and systems integrators to build it into a tech colossus but the last few years of management turmoil at...
HP's three-year plan for Palm cut short by Leo Apotheker, says former CTO
www.theverge.com
Former HP CTO Phil McKinney retired last October, and since then he's written a book, Beyond the Obvious, that reflects on his experiences of innovating in the industry. In an interview with Rick Mathieson to promote the book, McKinney gave a little bit of insight into what went down...
HP names new COO, taps outsider to lead software unit
gigaom.com
HP’s Bill Veghte Last week, HP CEO Meg Whitman tapped Bill Veghte to take over the company’s “disappointing” Autonomy business unit. This week, the company named Veghte as its new COO and brought in George Kadifa of Silver Lake Partners to spearhead software. All of this is in service of fixing...
The 25 Most-Liked CEOs Of 2012 (GOOG, AAPL)
www.businessinsider.com
GlassDoor asked about 280,000 employees whether they approved of their CEOs. They've compiled a list of the top CEOs in every sector — including tech. It's no surprise that tech CEOs dominate the list — three of the top 5 CEOs are at large tech companies. It's important to...
HP shakes up organization, will combine printer and PC units
venturebeat.com
As rumored yesterday, Hewlett-Packard has announced a major reorganization that will merge its PC and printer groups, a move it hopes will improve performance and profits. “This combination will bring together two businesses where HP has established global leadership,” HP CEO Meg Whitman said in a statement. “By providing...
HP to give CEO Meg Whitman $16.5m pay package, if she performs
www.theverge.com
The AP is reporting that HP has awarded its new CEO Meg Whitman a $16.5 million pay package, but to reap the full amount she'll have to resurrect the company's stock price over the next two years. While performance-based CEO pay packages of this magnitude are not uncommon at...
HP Promotes Strategy Boss To Chief Operating Officer
www.wired.com
Bill Veghte Image: HP Bill Veghte — the man who drives strategy for HP — will also oversee all of the company’s operations. On Wednesday, HP announced that Veghte had been promoted to chief operating officer. Previously, he served as executive vice president of HP’s software division, and this post...
HP's $10 Billion Acquisition Is 'Disappointing' And Its Leader Is Out (HPQ)
www.businessinsider.com
Former Autonomy CEO Mike Lynch is out at HP. His job will be taken over by Bill Veghte, who was leading the software business AND named chief strategy officer in January. Autonomy hasn't been the killer software product that HP pumped it up to be. "Autonomy saw a significant decline...
Autonomy founder Lynch to leave HP
gigaom.com
HP’s Bill Veghte So far the big news out of Hewlett-Packard’s second quarter earnings call is that the company will lose 9,000 employees in fiscal year 2012, with former Autonomy CEO Mike Lynch among the soon-to-be-departed. Autonomy saw “a significant decline” in license revenue, HP CEO Meg Whitman told told...
HP Promotes Bill Veghte, Puts Him In Line To Be The Next CEO (HPQ)
www.businessinsider.com
Looks like Bill Veghte is being groomed for CEO Meg Whitman's job whenever she decides to vacate it. Today the company named him COO. HP's board promised that its next CEO would be promoted from within -- which is something that many long-time employees and investors wanted to hear. But HP's...
HP's former CEO Leo Apotheker killed WebOS
news.cnet.com
The mystery has been solved. Hewlett-Packard's short-lived CEO Leo Apotheker was responsible for cutting short the life of Palm webOS, according to the company's former CTO. [Read more]...
You Have To See This Clip Of Larry Ellison Demolishing Ex-HP CEO Leo Apotheker (ORCL, HPQ)
www.businessinsider.com
Oracle CEO Larry Ellison was a crowd favorite at last night's All Things D conference. In the video below, you can see why. The best part comes at 7:00 mark when Ellison demolishes HP's ex-CEO Leo Apotheker. Just watch it, it's very funny. Please follow SAI on Twitter and Facebook.Join...
HP earnings: top 3 takeaways
gigaom.com
Hewlett-Packard continues to be rocked (disproportionately, according to one analyst) by a flood-induced hard drive shortage; its go-to printing business is sputtering; and the company as a whole continues to spend too much on too many products. On the plus side, HP’s high-stakes bets on 3Par “cloud” storage and enterprise software player Autonomy,...
HP Finance Chief Tried To Stop $11.7 Billion Acquisition, But Lost
www.businessinsider.com
HP's chief financial officer Cathie Lesjak blindsided her old boss at a board meeting and told assembled directors she was totally opposed to HP's $11 billion acquisition of enterprise search company Autonomy. Fortune reports that Lesjak had told then-CEO Leo Apotheker in private that she was opposed to the deal,...
The 10 Most Outrageously Entertaining Things Larry Ellison Just Said (ORCL)
www.businessinsider.com
Larry Ellison was absolutely Hilarius onstage at the AllThingsD's D10 conference yesterday. He talked about Steve Jobs, cloud computing, HP, Leo Apotheker and himself. Ellison has been the CEO of Oracle since 1977, so that makes him the longest running tech CEO in Silicon Valley history. That gives him the...
Employees Called HP's Last CEO 'My Lord' (HPQ)
www.businessinsider.com
Isn't it ironic? When Leo Apotheker was brought into HP, he thought of himself as superior, reports Fortune. He was arrogant and paranoid, nodding off during meetings with HP's senior executive team, laughing at his own insults of California wines, and fearful that HP executives were undermining him, the story...
HP Pulled The Plug On Palm Two Years Early, Says Former Exec (HPQ)
www.businessinsider.com
When HP bought Palm in April 2010, the company planned to give Palm products three years to succeed, according to a former executive. But after Leo Apotheker took over, the company changed directions and pulled the plug almost two years early. Phil McKinney was the chief technical officer of...
HP rumored to be combining printer and PC groups
venturebeat.com
Hewlett-Packard is expected to announce today a big reorganization that will combine its printing and PC divisions under a single group, according to AllThingsD. HP hasn’t commented. The move will have big consequences for HP’s top leadership. Vyomesh “VJ” Joshi, a 31-year veteran at HP and the leader of its...
Is Leo Apotheker launching a comeback?
gigaom.com
Leo Apotheker disappeared from public view last September after being ousted as CEO of Hewlett Packard. After the shakeup, he reportedly returned to Paris with his $25 million payout. But he’s starting to resurface again. He’s apparently been talking with private-equity firms in Silicon Valley about investing in mature and distressed companies, according...
Former Apple Exec Condemns HP For Its 'PC Addiction' (HPQ)
www.businessinsider.com
HP has a "PC Addiction" that has put it in a "race to the bottom," contends Jean-Louis Gassée, the former president of Apple's Products Division and current general partner at VC firm Allegis Capital. In a blog post, Gassée said he's not buying the company's official excuse on why...
HP Spent $10 Billion On Autonomy, Now It's This Guy's Job To Fix It (HPQ)
www.businessinsider.com
HP has once again reached outside the company to find some leadership. This time it snagged a well-known software guy, George Kadifa, and handed him the ailing software business. Kadifa is an interesting choice for HP's software because for the past couple of years he's been working as a software...
Hard drive shortage hurts HP’s quarterly revenue, Whitman remains optimistic
venturebeat.com
Hewlett-Packard reported a decline in revenue for the first fiscal quarter of 2012, which was expected by analysts as the company struggles to turn itself around. HP’s revenue was $30 billion for the quarter, down from $32.3 million or seven percent compared to the same period last year. Its GAAP...
Meg Whitman Is Slowly Winning Over HP Employees (HPQ)
www.businessinsider.com
Meg Whitman's popularity at HP is on the rise. She just landed on Forbes list of America's Favorite Bosses, based on approval ratings on Glassdoor. Her approval rating is 81% ... which is light years higher than the CEO before, Leo Apotheker, who had an abysmal 67% approval rating....
There's ANOTHER Shake Up At HP's Enterprise Group (HPQ)
www.businessinsider.com
Dave Donatelli is putting his people in place to run HP's new Enterprise Group. According to an internal HP memo issued yesterday and published by AllThingsD today, Donatelli consolidated several regional sales teams and moved around a bunch of senior VPs. Leo Apotheker's hire, Yves de Talhouët, could be pushed...
Avoiding The Fate Of HP, Zombie Company
www.fastcompany.com
A CEO, in announcing 4th quarter financial results:Pleaded for patience after describing the operational challenges and other internal problems that contributed to a significant year-over-year decline in earnings;Explained that weak consumer demand and supply shortages contributed to lost revenues;Blamed years of underinvestment in systems and procedures that made these problems...
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