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

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Latest Key Developments (Source: Significant Developments)

Hewlett-Packard Co announces settlement with DOJ and SEC
Wednesday, 9 Apr 2014 12:18pm EDT 

Hewlett-Packard Co:Resolution of U.S. Department of Justice (DOJ) and U.S. Securities and Exchange Commission (SEC) investigation of potential violations of the Foreign Corrupt Practices Act (FCPA).Will pay about $108 mln to these two U.S. government agencies.Also has agreed to undertake certain compliance, reporting and cooperation obligations.  Full Article

Hewlett-Packard Co unveils new dreamcolor displays
Sunday, 6 Apr 2014 08:45pm EDT 

Hewlett-Packard Co:Announced two new HP DreamColor Displays.The HP Z27x and Z24x displays for PCs and Macs feature HP's second-generation DreamColor Engine and provide up to 1.07 billion on-screen colors, achieving color error so small that it is not discernable to the human eye.Compared to the previous-generation product, the new displays include up to 60 percent more pixels, contain up to a 4,000 percent increase in the internal color palette and are up to 57 percent thinner.  Full Article

Hewlett-Packard Co authorizes dividend
Thursday, 20 Mar 2014 07:45am EDT 

Hewlett-Packard Co:Authorizes a 10.2 pct increase in the amount of its regular quarterly dividend, to $0.16 per share.Payable on April 2 to stockholders of record on March 12 will not be increased and will remain at 14.52 cents per share.  Full Article

U.S. Navy selects Hewlett-Packard Co PCs for overseas network
Thursday, 6 Mar 2014 07:45am EST 

Hewlett-Packard Co:Says HP PCs were chosen as part of the U.S. Navy's selection of Integration Technologies Group, Inc. for the refresh of OCONUS Navy Enterprise Network (ONE-Net), the Navy's enterprise network of bases outside the continental United States.The ONE-Net delivery order includes a two-year base period and two-year option period, and isn't to exceed $40 mln.As part of the delivery order, HP desktop PCs, displays, notebooks and tablets will replace the current systems at domestic and international bases.ONE-Net provides technical capabilities, such as secure network access, for deployed and support forces at 14 overseas fleet bases and stations in the Far East, the Middle East and Europe.  Full Article

U.S. defense manpower data center awards Hewlett-Packard Co $548 mln task order to support mission-critical hardware and software
Wednesday, 5 Mar 2014 07:45am EST 

Hewlett-Packard Co:Says it has been awarded a five-year task order worth up to $548 mln by the U.S. Department of Defense's Defense Manpower Data Center (DMDC) to provide maintenance and support for mission-critical hardware and software located around the world.  Full Article

Hewlett-Packard Co secures $32.4 mln cybersecurity contract by U.S. Department of Homeland Security
Wednesday, 26 Feb 2014 07:45am EST 

Hewlett-Packard Co:Says the U.S. Department of Homeland Security (DHS) has awarded the company a cybersecurity contract worth up to $32.4 million the largest acquisition of software security assurance tools worldwide.Under the DHS Continuous Diagnostics and Mitigation (CDM) government-wide Blanket Purchase Agreement (BPA).  Full Article

Hewlett-Packard Co gives Q2 2014 EPS guidance in line with analysts' estimates; raises low end of prior FY 2014 EPS guidance to a range in line with analysts' estimates
Thursday, 20 Feb 2014 04:04pm EST 

Hewlett-Packard Co:Estimates Q2 2014 non-GAAP diluted net EPS to be in the range of $0.85 to $0.89 and GAAP diluted net EPS to be in the range of $0.62 to $0.66.Q2 2014 non-GAAP diluted net EPS estimates exclude after-tax costs of about $0.23 per share, related primarily to the amortization of intangible assets and restructuring charges.Estimates FY 2014 non-GAAP diluted net EPS to be in the range of $3.60 to $3.75 and GAAP diluted net EPS to be in the range of $2.85 to $3.00.FY 2014 non-GAAP diluted net EPS estimates exclude after-tax costs of about $0.75 per share, related primarily to the amortization of intangible assets and restructuring charges.Q2 2014 EPS of $0.89 and FY 2014 EPS of $3.67 - Thomson Reuters I/B/E/S.  Full Article

Teacher Retirement System of Texas selects Hewlett-Packard Co to Transform and Modernize Technology Services
Wednesday, 5 Feb 2014 07:45am EST 

Hewlett-Packard Co:Says the Teacher Retirement System of Texas (TRS) has signed a $43 mln, four-year contract for HP to implement a new pension administration system that automates processes and includes a variety of new capabilities to improve members experiences.Says the agreement includes a state option for four additional years, which is not included in the contract value.Says the HP system will enable more than 1.3 mln active and retired Texas educators to apply for benefits and receive approvals online as well as manage their accounts in a secure, web-based environment.Says the new system also will provide service representatives a complete view of a member's account, contact and employment history, enabling faster and more complete answers when members call for assistance.  Full Article

Hewlett-Packard Co Autonomy extends eDiscovery Platform to Cloud
Tuesday, 4 Feb 2014 07:45am EST 

Hewlett-Packard Co:Says a new cloud-based eDiscovery offering that provides law firms, partners and small and midsize businesses (SMBs) with a fast, easy and cost-effective path to leverage HP Autonomy's market-leading eDiscovery platform.Says HP eDiscovery OnDemand delivers the entire HP Autonomy eDiscovery platform including processing, early case assessment, review and production as a secure cloud offering.Says Legal teams can quickly and easily upload case files and manage the complete eDiscovery process with a single platform and vendor.Says the new offering combines the best elements of a full-service outsourced offering and an on-premises solution, for an optimal mix of control, speed, simplicity and cost savings.  Full Article

Qualcomm Inc acquires Palm, IPAQ and Bitfone patent portfolio from Hewlett-Packard Company
Thursday, 23 Jan 2014 04:30pm EST 

Qualcomm Inc:Says it has acquired a patent portfolio from Hewlett-Packard Company, Hewlett-Packard Development Co LP and Palm Inc.The portfolio, comprising about 1,400 granted patents and pending patent applications from the US and about 1,000 granted patents and pending patent applications from other countries, covers technologies that include fundamental mobile operating system techniques.The purchase price was not publicly disclosed.  Full Article

UPDATE 6-HP pays $108 mln to settle foreign bribery probes

WARSAW/WASHINGTON April 9 - Hewlett-Packard agreed to pay $108 million to resolve wide-ranging U.S. government investigations into whether some of its foreign units bribed government officials to obtain lucrative contracts, U.S. officials said on Wednesday.

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