The company won't be on track until 2016, CEO Meg Whitman says.
HP (HPQ) CEO Meg Whitman laid out details of the company's turnaround plan. It will take at least another three years, she said.
Whitman, speaking at the Securities Analyst meeting in New York on Wednesday, said 2013 will be a "fix and rebuild year." And the No. 1 PC maker warned of pain for investors, delivering a weaker-than-expected outlook for fiscal 2013 stemming from a limp economy.
The former eBay (EBAY) chief, who took over from the ousted Leo Apotheker, took on a Herculean task when she walked into the company's headquarters in Palo Alto, Calif., just over a year ago.
The social network announced a major milestone, and it's time to examine its meaning for investors.
By Michael Comeau
This morning, Facebook (FB) announced that it crossed the 1 billion monthly active user mark in September, putting it just behind oxygen and water in terms of importance to human life here on Earth.
But now, the question on everyone's mind: What does this mean for earnings?
Let's break it down.
Rumors continue to swirl about Apple's iPad Mini. The latest chatter suggests an Oct. 17 launch date.
Rumors that Apple (AAPL) is moving ahead with development of an iPad Mini continue to abound the Internet, and that's got folks speculating about what the device will look like and what features it's likely to include.
As a service to TheStreet's readers, we've decided to round up some of the more intriguing Apple iPad Mini chatter that's making the rounds in the blogosphere. Citing an unnamed investor source, CNNMoney reports that Apple will send out invitations Oct. 10 for the event, with the actual announcement coming Oct. 17.
Pricing values the cloud computing company at nearly $4 billion. Competitors include Oracle and SAP.
Workday, the maker of cloud-based software for human resources, has set the terms of its initial pricing offering, valuing the company at almost $4 billion.
In a filing with the Securities and Exchange Commission, Workday is pricing its IPO at $21 to $24 a share, and is looking to sell 26.1 million Class A shares in the process.
The company will sell 22.75 million shares, with the remaining shares sold by outside investors.
The BlackBerry maker blows past Wall Street's expectations and sees its shares rise in late trades.
Shares of Research In Motion (RIMM) soared in late trades Thursday after the BlackBerry maker posted a much narrower than expected quarterly loss as it grew its subscriber base and increased its cash balance.
The Canadian-based company reported an adjusted loss of $142 million, or 27 cents a share, for its fiscal second quarter ended in August on revenue of $2.87 billion. The performance was well ahead of the average estimate of analysts polled by Thomson Reuters for a loss of 46 cents a share in quarter on revenue of $2.50 billion.
Copyright © 2014 Microsoft. All rights reserved.
Start investing in technology companies with help from financial writers and experts who know the industry best. Learn what to look for in a technology company to make the right investment decisions.
[BRIEFING.COM] The stock market ended the holiday-shortened week on a mixed note as the Dow Jones Industrial Average shed 0.1%, while the S&P 500 added 0.1% with seven sectors posting gains.
Equity indices faced an uphill climb from the opening bell after disappointing quarterly results from Google (GOOG 536.10, -20.44) and IBM (IBM 190.04, -6.36) weighed on the early sentiment. Google reported earnings $0.15 below the Capital IQ consensus estimate on revenue of $15.42 ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|
MUST-SEE ON MSN
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'