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

HPQ.N on New York Stock Exchange

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19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

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

Anaheim awards Hewlett-Packard Co five-year services contract
Monday, 28 Jul 2014 07:45am EDT 

HP Enterprise Services:Signed $55.8 mln agreement for Hewlett-Packard Co (HP).To continue managing city's information technology (IT) environment.Under five-year contract, includes pair of two-year extension options not included in announced contract value.HP will continue providing full suite of services for Anaheim's IT infrastructure.HP also will enhance services with an disaster recovery solution that will ensure business continuity following catastrophic event.New services also include infrastructure enhancements designed to accelerate hosting service virtualization, lower power consumption with PC power management and enhance IT security.  Full Article

Hewlett-Packard Co and Hortonworks extend strategic partnership
Thursday, 24 Jul 2014 07:45am EDT 

Hewlett-Packard Co:Announced strategic partnership to address critical big data needs of enterprise customers.Joint commitment will help accelerate adoption of Enterprise Apache Hadoop by deeply integrating Hortonworks Data Platform with the HP HAVEn big data platform.Partnership is also supported by $50 mln equity investment by HP.  Full Article

Hewlett-Packard announces changes to board
Thursday, 17 Jul 2014 04:05pm EDT 

Hewlett-Packard Co:Meg Whitman, president and chief executive officer, has been appointed chairman of the board of directors, and current director Pat Russo has been appointed lead independent director.Klaus Kleinfeld, chief executive and chairman of Alcoa, has been appointed to the board, bringing the total number of board members to 12.  Full Article

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U.S. judge rejects HP settlement in Autonomy shareholder case

SAN FRANCISCO - A federal judge on Friday rejected Hewlett-Packard Co's proposed settlement of shareholder litigation involving the information technology company's botched acquisition of Autonomy Plc.

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