Key Developments: Hewlett-Packard Co (HPQ.N)

HPQ.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hewlett-Packard Co awarded $116 mln contract extension to enhance california offender management system
Tuesday, 28 Oct 2014 07:45am EDT 

Hewlett-Packard Co:HP Enterprise Services announces that the California Department of Corrections and Rehabilitation (CDCR) has signed $116.5 mln agreement for HP (HPQ).Says to continue managing the state's Strategic Offender Management System (SOMS), one of the largest electronic corrections system in the United States.Under the five-year contract, HP will continue to provide full suite of IT services for SOMS, statewide inmate management system designed to maximize access to offender information to improve day-to-day business processes and increase citizen safety.In addition to management and hosting of SOMS, HP will also provide CDCR with disaster recovery and backup support of IT-enabled business processes to ensure business continuity in the event of disaster.  Full Article

Hewlett-Packard Co reaffirms FY 2014, 2015 earnings outlook
Wednesday, 15 Oct 2014 08:01am EDT 

Hewlett-Packard Co:Reaffirmed FY 2014 non-GAAP diluted net earnings per share (EPS) to be in the range of $3.70 to $3.74 and GAAP diluted net EPS to be in the range of $2.60 to $2.64.Says FY 2014 non-GAAP diluted net EPS estimates exclude after-tax costs of about $1.10 per share, related primarily to restructuring charges and amortization of intangible assets.Reaffirmed FY 2015 non-GAAP diluted net EPS to be in the range of $3.83 to $4.03 and GAAP diluted net EPS to be in the range of $3.23 to $3.43.Says FY 2015 non-GAAP diluted net EPS estimates exclude after-tax costs of about $0.60 per share, related primarily to amortization of intangible assets and restructuring charges.FY 2014 EPS of $3.73 - Thomson Reuters I/B/E/S.FY 2015 EPS of $3.94 - Thomson Reuters I/B/E/S.  Full Article

Hewlett-Packard Co announces medicaid contract extension
Tuesday, 14 Oct 2014 07:45am EDT 

Hewlett-Packard Co:Sasy Massachusetts Executive Office of Health and Human Services (EOHHS) has signed $50 mln contract for company.To continue to support commonwealth's medicaid system.As part of five-year agreement, which extends contract through June 2019.Company will continue to maintain commonwealth's medicaid management information system (MMIS) and provide system upgrades to help Massachusetts prepare for healthcare transformation.  Full Article

Hewlett-Packard Co reaffirms FY 2014 EPS guidance; issues FY 2015 EPS guidance in line with analysts' estimates
Monday, 6 Oct 2014 06:30am EDT 

Hewlett-Packard Co:Reiterated FY 2014 non-GAAP diluted net earnings per share (EPS) outlook of $3.70 to $3.74 and updates GAAP diluted net EPS outlook to $2.60 to $2.64.Issues FY 2015 non-GAAP diluted net EPS outlook in the range of $3.83-$4.03 and GAAP diluted net EPS outlook in the range of $3.23-$3.43.FY 2014 EPS of $3.73 - Thomson Reuters I/B/E/S.FY 2015 EPS of $3.95 - Thomson Reuters I/B/E/S.  Full Article

Hewlett-Packard Co to separate into two new public companies
Monday, 6 Oct 2014 06:30am EDT 

Hewlett-Packard Co:Says it plans to separate into two new publicly traded Fortune 50 companies.Says one comprising HP's enterprise technology infrastructure, software and services businesses, which will do business as Hewlett-Packard Enterprise, and one that will comprise HP's personal systems and printing businesses, which will do business as HP Inc. and retain the current logo.Says transaction is expected to be completed by the end of FY 2015.Says immediately following the transaction HP shareholders will own shares of both Hewlett-Packard Enterprise and HP Inc.Says transaction is intended to be tax-free to HP's shareholders for federal income tax purposes.Says separation into independent publicly traded companies will provide each company with its own, more focused equity currency, and investors with the opportunity to invest in two companies with compelling and unique financial profiles well suited to their respective businesses.Says Goldman Sachs & Co. is serving as financial advisor and Wachtell, Lipton, Rosen and Katz is serving as legal advisor to HP.  Full Article

Hewlett-Packard Co acquires Eucalyptus
Thursday, 11 Sep 2014 04:05pm EDT 

Hewlett-Packard Co:Announces a definitive agreement to acquire Eucalyptus, a provider of open source software for building private and hybrid enterprise clouds.Expects the acquisition to close in the fourth quarter of its fiscal year 2014.  Full Article

Avaya and Hewlett-Packard to deliver expanded communications services to the enterprise
Tuesday, 26 Aug 2014 06:00am EDT 

Avaya Inc and Hewlett-Packard Co:Enters a multi-year agreement to offer cloud-based unified communications and contact center technology, and management solutions for enterprises.Companies will sell a combined portfolio of Unified Communications-as-a-Service, Contact Center-as-a-Service, and infrastructure modernization services.Avaya-HP agreement addresses growing global demand for comprehensive, secure, reliable business collaboration solutions, delivered as a service.HP ES Business Process Services organization will assume service delivery of a significant portion of Avaya Private Cloud Services(2) (APCS), including a limited transfer of APCS employees and contractors to HP ES.  Full Article

Hewlett-Packard Co and VMware collaborate to simplify software-defined data center and hybrid cloud adoption
Monday, 25 Aug 2014 08:00am EDT 

Hewlett-Packard Co and VMware:Announced expansion of long-standing relationship to help customers gain competitive advantage by adopting software-defined data center and hybrid cloud.Says announcement includes general availability of both standalone HP-VMware networking solution, as well as solution delivered as part of HP Converged Systems.Companies also announced HP Helion OpenStack will support enterprise-class VMware virtualization technologies.Together, these collaborative efforts can help simplify adoption of software-defined data center and hybrid cloud with less risk, and enable customers to deliver applications faster, with greater operational efficiency, and lower costs.  Full Article

Hewlett-Packard to provide HP Helion cloud services in China
Thursday, 21 Aug 2014 09:00am EDT 

Hewlett-Packard Co:Signs an agreement with Beijing UnionRead Information Technology Ltd., a content distribution network service provider and hybrid cloud operator, to build and operate community clouds for enterprise customers in China.  Full Article

Hewlett-Packard Co gives Q4 2014 EPS guidance in line with analysts' estimates; narrows FY 2014 EPS guidance to a range in line with analysts' estimates
Wednesday, 20 Aug 2014 04:04pm EDT 

Hewlett-Packard Co:Expects Q4 2014 non-GAAP diluted net EPS to be in the range of $1.03 to $1.07.Expects Q4 2014 GAAP diluted net EPS to be in the range of $0.83 to $0.87.Expects FY 2014 non-GAAP diluted net EPS to be in the range of $3.70 to $3.74.Expects FY 2014 GAAP diluted net EPS to be in the range of $2.75 to $2.79.Q4 2014 EPS of $1.05 - Thomson Reuters I/B/E/S.FY 2014 EPS of $3.72 - Thomson Reuters I/B/E/S.  Full Article

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HP tries something new with 3D scanning computer

PALO ALTO Calif. - Hewlett-Packard Co has taken a modest step toward re-imagining the venerable personal computer, merging a 3D scanner and projector with an all-in-one PC to create a $1,899 ensemble it hopes can rekindle industry interest.

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