Hewlett-Packard To Lay Off 27000 Employees; 2Q Profit Down 31%
By Steve Johnson sjohnson@mercurynews.com ' Saying it needed to reduce expenses to reinvigorate its struggling business, Hewlett-Packard (HPQ) on Wednesday said it will cut its workforce by 27000 employees, while reporting a drop in sales and profit
Among the companies with shares actively trading after hours are Hewlett-Packard Co. (HPQ), Pandora Media Inc. (P) and NetApp Inc. (NTAP). Hewlett-Packard unveiled plans to lay off 27000 employees as the technology giant also reported its fiscal
Implied volatility in Hewlett Packard (HPQ) options is elevated after DELL's earnings disappointment and heading into H-P's earnings, due out after the closing bell. The stock is down 82 cents to $20.95 in brisk trading of 37
This week is going to be an earnings bonanza for investors who care about makers of personal computers. While Apple Inc. (NASDAQ: AAPL) is all of the rage, we have Dell Inc. (NASDAQ: DELL) reporting earnings after the
HP added the letter Q to its ticker symbol to create "HPQ." – Feb. 9, 2005: CEO Carly Fiorina steps down amid upheaval about the company's performance following her contested decision to buy Compaq. – March 29, 2005: Mark Hurd named as new CEO.
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