Lenovo dethrones HP as top global PC manufacturer

By on October 11, 2012 at 4:42 PM.

Lenovo dethrones HP as top global PC manufacturer

PC Shipments Q3 2012

According to third quarter estimates from research firm Gartner, Lenovo (LNVGY) has edged out Hewlett-Packard (HPQ) to become the world’s largest PC vendor. Worldwide PC shipments in the third quarter declined more than 8% year-over-year to total 87.5 million units. The Chinese company is estimated to have shipped 13.7 million units in the quarter, representing a 9.8% year-over-year increase, compared to HP with shipments that declined more than 16% to 13.5 million units. In a statement to The Verge, however, the Palo Alto-based company claims Gartner’s report is less “comprehensive” due to its exclusion of workstations. HP instead points to rival research firm IDC and its estimates, which rank the company less than half a percentage point ahead of Lenovo. Worldwide PC shipments in 2012 are set to decline for the first time in over a decade as consumers embrace smartphones and tablets. IDC’s estimates follow below. More →

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Analyst values HP’s stock at negative $2, calls the company worthless

By on October 5, 2012 at 2:18 PM.

Analyst values HP’s stock at negative $2, calls the company worthless

HP Analyst Stock Value

Sterne Agee analyst Shaw Wu on Friday downgraded his recommendation of Hewlett-Packard (HPQ) to neutral, noting that the company is worthless and its stock should be valued at negative $2, Business Insider reported. The analyst called the company’s balance sheet “a mess” and said its was “fortunate the stock’s not zero.”  More →

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HP is hiring 53 engineers to ramp up open source development of webOS

By on October 4, 2012 at 8:02 PM.

HP is hiring 53 engineers to ramp up open source development of webOS

HP WebOS Open Source

After taking the wraps off Open webOS 1.0 last Friday, Hewlett-Packard (HPQ) has posted job listings for engineers in Shanghai, China and Sunnyvale, California, The Power Base reports. A total of 53 job listings have been made public. Positions include senior Linux software engineers, senior visual designer, senior product manager and many more. The Power Base says that these are high-paying positions and it shows HP is serious about reviving webOS as an open source operating system.

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HP CEO confirms no new smartphones coming in 2013

By on October 4, 2012 at 4:42 PM.

HP CEO confirms no new smartphones coming in 2013

HP Smartphone

Hewlett-Packard (HPQ) CEO Meg Whitman on Wednesday revealed that the struggling PC company will not be releasing a new smartphone in the coming year. The announcement came during a meeting with analysts where the executive reaffirmed her previous statements that HP will eventually offer another handset to avoid falling behind the curve, Computer World reported.  More →

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HP warns investors of ‘broad-based profit decline’ in near term

By on October 3, 2012 at 1:40 PM.

HP warns investors of ‘broad-based profit decline’ in near term

HP Profit Outlook

HP (HPQ) has been in trouble for a while now, and the company on Wednesday warned investors and analysts that things wouldn’t be getting better anytime soon. Per Business Insider, HP told attendees at a company analyst meeting today that “HP’s profit forecast for FY 2013 comes in at $3.40-$3.60 per share, below $4.16 average estimates.” But what’s more ominous is that HP said analysts should expect a “broad-based profit decline” in the near term, with the company’s revenues expected to be “growing in line with gross domestic product” by 2016. HP said that while it had already gone through some painful layoffs and write-offs over the past couple of years, the company wouldn’t fully complete its restructuring program until 2014. More →

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HP unveils ElitePad 900 Windows 8 tablet with unique and versatile ‘Smart Jacket’ system

By on October 1, 2012 at 12:01 AM.

HP unveils ElitePad 900 Windows 8 tablet with unique and versatile ‘Smart Jacket’ system

HP ElitePad 900 Release Date

Hewlett-Packard (HPQ) has announced a steady stream of Windows 8 computers that will launch ahead of the holidays this year, and now the company has added to its next-generation lineup by unveiling a business-class Windows 8 tablet that will launch early next year. The HP ElitePad 900 follows up HP’s Windows 8-powered ultra-portables, All-in-Ones and laptops, and unlike the ENVY x2 convertible notebook, this is a true tablet — but with a twist.

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HP could be headed for another multibillion-dollar write off

By on September 28, 2012 at 8:20 PM.

HP could be headed for another multibillion-dollar write off

HP $3 Billion Write Off

Even if the worst is over for HP (HPQ), the company may not yet be done writing off losses from past acquisitions. The San Jose Business Journal interviewed a few analysts to get predictions on what HP’s analyst meeting will reveal next week, and Jefferies’ Peter Misek says that the electronics giant could be poised to write off $3 billion in losses linked to its 2011 acquisition of enterprise information technology firm Autonomy. Last quarter, HP took a $8 billion charge related to its 2008 acquisition of Electronic Data Systems. Overall, Misek has recommended that investors sell their HP shares and has projected that the company’s stock price will drop to as low as $14 over the next year. More →

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WebOS opens up at last [video]

By on September 28, 2012 at 5:45 PM.

WebOS opens up at last [video]

HP Open webOS

WebOS, the dearly departed mobile operating system developed by Palm and purchased by HP (HPQ), is open source at last. HP on Friday took the wraps off of Open webOS 1.0, which has “an OpenEmbedded build that allows a full webOS experience running inside an OE emulator,” along with core email and browsing applications that can be ported onto different devices. HP says it will continue adding key features to Open webOS in the coming months, including open sourced media and audio components, the BlueZ Bluetooth stack and optimized SysMgr rendering architecture. A video demonstration of how to port Open webOS onto an HP device is posted below. More →

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HP reportedly plans to ‘aggressively attack’ smartphone and tablet markets

By on September 28, 2012 at 7:45 AM.

HP reportedly plans to ‘aggressively attack’ smartphone and tablet markets

HP Smartphone Tablet Analyst

Hewlett-Packard (HPQ) CEO Meg Whitman recently admitted that the company will “ultimately” offer another smartphone. The executive was reluctant to give further details, however recent reports claimed HP was testing a device on the Android operating system. In a research note to investors on Thursday, per ZDNet, Jefferies analyst Peter Misek said that he believes HP will “aggressively attack” the smartphone and tablet markets. The analyst notes that it is a risky investment, however. “While the move makes sense strategically, we see it as a high risk move,” Misek said. “On top of adding costs and working capital burdens to an already stressed balance sheet, there could be additional write-offs.” The analyst concluded his arguments by pointing out that nearly all PC manufacturers have failed to gain significant traction with consumer smartphones and tablets. The exceptions, of course, are fairly obvious. More →

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HP continues Windows 8 barrage with ENVY m4 and Pavilion Sleekbooks

By on September 20, 2012 at 12:01 AM.

HP continues Windows 8 barrage with ENVY m4 and Pavilion Sleekbooks

HP Envy m4 Release Date

Hewlett-Packard (HPQ) is on a roll. The company unveiled a trio of ultra-portable Windows 8 machines late last month and then followed up with a trio of All-in-One Windows 8 PCs last week. Now, the company has announced a trio of upcoming Windows 8 notebooks alongside a number of business machines and accessories. Starting with the high-end HP ENVY m4 pictured above, this sleek Windows 8 laptop features the latest Intel Core i3 and i5 processors along with up to 8GB of RAM, as much as 1TB of storage and an in-built optical drive. The sleek laptop also sports a 14-inch high-definition display, Beats Audio and fingerprint security. More →

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HP smartphone with HD display spotted running Ice Cream Sandwich

By on September 17, 2012 at 2:40 PM.

HP smartphone with HD display spotted running Ice Cream Sandwich

HP Android Smartphone Rumor

Hot off news that Hewlett-Packard (HPQ) will take another stab at building a smartphone, SlashGear has learned that the company is already testing a device code-named “Bender” running Android 4.0 Ice Cream Sandwich. Alleged benchmark tests reveal that the Bender has a Qualcomm S4 dual-core processor clocked at 1.5GHz and a display with a 1366 x 720-pixel HD resolution. Not much else is known about the smartphone aside from those two key specs, but it seems to be clear that HP is done with webOS smartphones. It’s a dark time to jump onto the Android bandwagon, though, especially with all of the patent lawsuits being tossed around; it might have been smarter for HP to consider Windows Phone 8 over Android, as it would be able to integrate such a smartphone with its upcoming family of Windows 8 PCs. More →

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HP CEO admits company’s laptops feel like ‘bricks,’ vows to learn from Apple

By on September 17, 2012 at 1:50 PM.

HP CEO admits company’s laptops feel like ‘bricks,’ vows to learn from Apple

HP CEO Whitman

Samsung (005930) isn’t the only company that’s trying to learn from Apple’s (AAPL) design prowess. The Wall Street Journal reports that HP (HPQ) CEO Meg Whitman now admits that her company’s laptops in the past have felt more like “bricks” and that the company in general hasn’t “kept up with the innovation” in terms of making its laptops thinner and more attractive. In response to this challenge, the Journal says that HP “has reorganized and nearly doubled the size of its PC design team to 60 people and has opened two new design centers.” Whitman also acknowledged that Apple “taught us that design really matters” and said that the company is taking a long-term approach to building its own stylish PCs to compete with Apple’s MacBook Air and MacBook Pro lines. More →

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HP CEO admits company will eventually offer another smartphone; no interest in BlackBerry 10

By on September 14, 2012 at 10:40 AM.

HP CEO admits company will eventually offer another smartphone; no interest in BlackBerry 10

HP Smartphone Release

Hewlett-Packard’s (HPQ) first attempts at the mobile market didn’t fare well. CEO Meg Whitman revealed in an interview with Fox Business News, however, that the company will have to “ultimately” offer another smartphone. Whitman gave no timetable on the device, although she noted that HP must “get it right” this time around and cannot rush things. The CEO also openly admitted that the company was not interested in buying or licensing the BlackBerry platform from Research in Motion (RIMM), noting that it was not the direction it was going to head. HP purchased Palm for $1.2 billion in April 2010 in the hopes of entering the smartphone market. The acquisition turned out be a disaster and after a number of failed products, HP killed off its webOS platform in August 2011, only to open-source the operating system the following December. More →

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