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

HPQ.N on New York Stock Exchange

37.26USD
21 Nov 2014
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$0.33 (+0.89%)
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Latest Key Developments (Source: Significant Developments)

Hewlett-Packard declares regular dividend
Thursday, 20 Nov 2014 07:45am EST 

Hewlett-Packard Co:Has declared a regular cash dividend of $0.16 per share on the company's common stock.The dividend, the first in HP's fiscal year 2015, is payable on Jan. 7, 2015, to stockholders of record as of the close of business on Dec. 10.  Full Article

Wi-Lan Inc's subsidiary acquires patents from Hewlett-Packard
Thursday, 6 Nov 2014 10:00am EST 

Wi-Lan Inc:Says wholly-owned subsidiary of the company has acquired from Hewlett-Packard (HP), a number of patents related to lighting and building systems technologies.Says the terms of the acquisition agreement are confidential though WiLAN can confirm that it does not consider the amount to be paid for the portfolio to be material relative to its current cash position.  Full Article

Hewlett-Packard and Wind River Partner to Create Carrier Grade HP Helion OpenStack Solutions for NFV
Tuesday, 4 Nov 2014 03:00am EST 

Hewlett-Packard Co:HP announced a partnership with Wind River to Create Carrier Grade HP Helion OpenStack Solutions for NFV.Says the addition of proven carrier grade technologies from Wind River into HP Helion OpenStack is designed to provide communications service providers (CSPs) with an open source based cloud platform.Says that meets their demanding reliability requirements and accelerates their transition to NFV deployments.  Full Article

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

China pays big to expand its clout along the new Silk Road

CHONGQING China - China, already at the centre of world trade, plans to spend billions of dollars to revive intercontinental land routes and develop maritime links to expand commerce and give it more weight in a freight system dominated by European shipping lines.

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