Hewlett-Packard Co is considering a plan to reorganize the company and combine its printer and personal computer units, the Wall Street Journal reported.
A plan is being finalized that would put Todd Bradley, who leads HP's PC group, in charge of the combined division, the report said, citing people familiar with the matter.
An HP spokeswoman declined to comment on what she called "rumor and speculation."
PCs made up around 30 percent of HP's revenue in the July quarter, with the printing group accounting for roughly 20 percent.
The printing group boasted an operating margin of 17 percent, making it HP's most profitable division.
For fiscal 2010, HP forecast revenue growth of 3-5 percent in its PC business and zero to 2 percent in its printing group.
HP is the world's No. 1 PC maker, holding a roughly 20 percent share of the global market.
The Journal report said Vyomesh Joshi, a longtime HP veteran who leads the printing division, could potentially leave the company in the coming months.
He has been approached in recent years by other technology companies looking for a new chief executive, the report said, citing people familiar with Joshi's discussions.
Agencies
Showing posts with label Wall Street Journal. Show all posts
Showing posts with label Wall Street Journal. Show all posts
Wednesday, September 30, 2009
Saturday, March 28, 2009
Is Infosys eyeing acquisitions in the US?
Indian software major Infosys Technologies Ltd expects to find acquisition opportunities in the US during the downturn, co-chairman Nandan Nilekani was quoted as saying.
"Acquisitions will definitely be very accessible in this market from a price point of view," Nilekani told the Wall Street Journal in an interview. "If it makes sense, we'll do it."
Companies that operate in the healthcare and pharmaceuticals sectors might make particularly interesting targets, he said, adding that Infosys has $2 billion in cash and no debt.
In the interview, Nilekani reiterated Infosys's earlier guidance of about 12 per cent revenue growth for the fiscal year ending March 31. That would be a sharp deceleration from growth of 35 per cent, as measured by the US accounting rules, in the year ended March 31, 2008.
Nilekani told the Journal that potential customers are holding back both because of the economic crisis and a rise in protectionist sentiment.
On the economic crisis, Nilekani said "I've never seen this level of lack of clarity." He said executives are "more focused on short-term tactical issues" than making bigger decisions about outsourcing.
In response, Nilekani said Infosys is working with customers on alternative payment arrangements, including some that would link fees to business results. Other customers are asking to pay on a per-transaction basis, rather than a lump sum for a system.
Nilekani said rising protectionist sentiment in the US also is affecting customers' decision-making about outsourcing.
The economic stimulus bill, for example, includes a provision preventing participants in the US' financial bailout programme from hiring workers with H-1B visas, which are commonly used by the non-US outsourcing companies.
"Political issues have become more pre-eminent in our conversations," he added.
Partly for that reason, he told the journal that he does not know whether more the US firms will lay off domestic workers and move more jobs to India, as International Business Machines Corp plans to do, Nilekani said.
Agencies
"Acquisitions will definitely be very accessible in this market from a price point of view," Nilekani told the Wall Street Journal in an interview. "If it makes sense, we'll do it."
Companies that operate in the healthcare and pharmaceuticals sectors might make particularly interesting targets, he said, adding that Infosys has $2 billion in cash and no debt.
In the interview, Nilekani reiterated Infosys's earlier guidance of about 12 per cent revenue growth for the fiscal year ending March 31. That would be a sharp deceleration from growth of 35 per cent, as measured by the US accounting rules, in the year ended March 31, 2008.
Nilekani told the Journal that potential customers are holding back both because of the economic crisis and a rise in protectionist sentiment.
On the economic crisis, Nilekani said "I've never seen this level of lack of clarity." He said executives are "more focused on short-term tactical issues" than making bigger decisions about outsourcing.
In response, Nilekani said Infosys is working with customers on alternative payment arrangements, including some that would link fees to business results. Other customers are asking to pay on a per-transaction basis, rather than a lump sum for a system.
Nilekani said rising protectionist sentiment in the US also is affecting customers' decision-making about outsourcing.
The economic stimulus bill, for example, includes a provision preventing participants in the US' financial bailout programme from hiring workers with H-1B visas, which are commonly used by the non-US outsourcing companies.
"Political issues have become more pre-eminent in our conversations," he added.
Partly for that reason, he told the journal that he does not know whether more the US firms will lay off domestic workers and move more jobs to India, as International Business Machines Corp plans to do, Nilekani said.
Agencies
Friday, March 27, 2009
IBM-Sun talks on merger to extend beyond a few weeks
IBM's talks to acquire Sun Microsystems Inc are continuing and may extend beyond next week, according to a person with knowledge of the matter.
IBM is still examining Sun's business as part of its due diligence process, said the source, who was not authorized to speak about the talks and therefore requested anonymity.
Neither IBM nor Sun has issued any statement to say they are in talks, although sources said last week that the two sides are negotiating a merger that would bolster IBM's high-end server and software business.
The Wall Street Journal reported on March 18 that IBM could pay as much as $8 billion for Sun, amounting to a 100 percent premium for the high-end server computer maker. If a deal is sealed, it would be IBM's largest acquisition.
The source said on Thursday that IBM's due diligence process, or examination of Sun's business, was necessary considering Sun's size and complexity.
An IBM spokesman declined to comment, and Sun was not immediately available.
Some analysts have said Sun would bolster IBM's position against rivals like Hewlett-Packard Co and Cisco Systems Inc, both of which have been acquiring smaller, niche technology firms to broaden their product and service offerings.
Agencies
IBM is still examining Sun's business as part of its due diligence process, said the source, who was not authorized to speak about the talks and therefore requested anonymity.
Neither IBM nor Sun has issued any statement to say they are in talks, although sources said last week that the two sides are negotiating a merger that would bolster IBM's high-end server and software business.
The Wall Street Journal reported on March 18 that IBM could pay as much as $8 billion for Sun, amounting to a 100 percent premium for the high-end server computer maker. If a deal is sealed, it would be IBM's largest acquisition.
The source said on Thursday that IBM's due diligence process, or examination of Sun's business, was necessary considering Sun's size and complexity.
An IBM spokesman declined to comment, and Sun was not immediately available.
Some analysts have said Sun would bolster IBM's position against rivals like Hewlett-Packard Co and Cisco Systems Inc, both of which have been acquiring smaller, niche technology firms to broaden their product and service offerings.
Agencies
Wednesday, March 18, 2009
Is IBM in talks to buy Sun Microsystems?
International Business Machines is in talks to acquire Sun Microsystems, the Wall Street Journal said, citing people familiar with the matter.
IBM is likely to pay at least $6.5 billion in cash to acquire Sun, the people told the paper.
That would translate into a premium of about 100 per cent over Sun's closing price on Tuesday of $4.97 a share on the Nasdaq, the paper said.
In recent months, Sun has approached a number of large tech companies in the hopes of being acquired, the paper said. Hewlett-Packard Co declined the offer, the paper said.
Sun is a maker of software and high-end computers. A spokesman for IBM declined to comment to the paper on questions about any talks with Sun. IBM and Sun could not be immediately be reached for comments.
Agencies
IBM is likely to pay at least $6.5 billion in cash to acquire Sun, the people told the paper.
That would translate into a premium of about 100 per cent over Sun's closing price on Tuesday of $4.97 a share on the Nasdaq, the paper said.
In recent months, Sun has approached a number of large tech companies in the hopes of being acquired, the paper said. Hewlett-Packard Co declined the offer, the paper said.
Sun is a maker of software and high-end computers. A spokesman for IBM declined to comment to the paper on questions about any talks with Sun. IBM and Sun could not be immediately be reached for comments.
Agencies
Wednesday, January 14, 2009
Oracle cuts 500 jobs, says report
Oracle Corp. has trimmed its workforce, but not as much as some people had speculated, The Wall Street Journal reported on Tuesday.
Citing people familiar with the matter, the newspaper said the software giant cut around 500 positions in its North American sales and consulting businesses on Friday.
The Redwood Shores, California-based company had 33,526 employees in the Americas at the end of November and 86,657 globally, the report said.
An Oracle spokeswoman declined to comment to the newspaper and could not immediately be reached.
The Journal said the Internet has been buzzing with rumors of cuts of up to 10 percent of the company's workforce, a move that would affect thousands of people. Some analysts have put the number in the hundreds.
Agencies
Citing people familiar with the matter, the newspaper said the software giant cut around 500 positions in its North American sales and consulting businesses on Friday.
The Redwood Shores, California-based company had 33,526 employees in the Americas at the end of November and 86,657 globally, the report said.
An Oracle spokeswoman declined to comment to the newspaper and could not immediately be reached.
The Journal said the Internet has been buzzing with rumors of cuts of up to 10 percent of the company's workforce, a move that would affect thousands of people. Some analysts have put the number in the hundreds.
Agencies
Wednesday, December 31, 2008
Dell preparing for changes in senior management
Dell Inc's president of global operations, Michael Cannon, and chief marketing officer, Mark Jarvis will leave their roles in moves expected to be announced soon, the Wall Street Journal said, citing people briefed on the matter.
The people told the paper that they expect Jarvis to leave Dell, while Cannon will likely stay on in a different capacity.
Other changes are expected to focus on cutting costs and gaining tighter control over the company's global operations.
Two people with knowledge of the situation told the paper that Dell may also make cuts to its lower executive ranks.
The impending changes are intended to make managing Dell's world-wide business more efficient, people briefed on the matter said.
Operations now divided by geography will be consolidated into international business units, a shift Dell made earlier this year with its consumer division.
A Dell spokesman declined to comment to the paper on any changes, but said Dell has "been in a two-year process of positioning the company best for customers and long-term growth."
Dell could not be immediately reached for comment.
Source: Agencies
The people told the paper that they expect Jarvis to leave Dell, while Cannon will likely stay on in a different capacity.
Other changes are expected to focus on cutting costs and gaining tighter control over the company's global operations.
Two people with knowledge of the situation told the paper that Dell may also make cuts to its lower executive ranks.
The impending changes are intended to make managing Dell's world-wide business more efficient, people briefed on the matter said.
Operations now divided by geography will be consolidated into international business units, a shift Dell made earlier this year with its consumer division.
A Dell spokesman declined to comment to the paper on any changes, but said Dell has "been in a two-year process of positioning the company best for customers and long-term growth."
Dell could not be immediately reached for comment.
Source: Agencies
Tuesday, December 16, 2008
Google would not threaten net neutrality
Google Inc said on Monday it is committed to principles of equal network access, after a report said it approached Internet carriers with a proposal to create a "fast lane" for its content.
Google's telecom and media counsel in Washington said in a company blog that the search powerhouse offered to place its servers within the facilities of Internet service providers, making its data closer to consumers and therefore more easily accessed.
But the company's Richard Whitt said the offers did not violate so-called net neutrality -- the principle that phone and cable companies the operate data pipelines should treat all traffic equally.
Google was responding to a Wall Street Journal report on Monday that its practices would put at risk its stance on network neutrality.
The company said providers should be able to bolster access speeds through co-location and caching, both techniques that ease data traffic, as long as they do so without discrimination.
"However, they shouldn't be able to leverage their unilateral control over consumers' broadband connections to hamper user choice, competition, and innovation," he said.
The net neutrality debate has pitted Internet service providers such as AT&T Inc. against content companies such as Google and Microsoft.
The ISPs say they need flexibility to manage the ever-growing traffic on their networks without government interference, while content companies worry the ISPs hold the power to impede or slow traffic.
Many believe net neutrality will gain momentum under president-elect Barack Obama, who backs the principle.
Public interest defenders
Several prominent net neutrality backers came to Google's defense and cast doubt on the Wall Street Journal report.
"The practices described in the article, known as 'caching,' are commonplace and have been for many years," said Gigi Sohn, president of the advocacy group Public Knowledge.
"We in the public interest community are pleased to be working closely with our friends in industry, and those friends include Google," she added.
Josh Silver, executive director of advocacy group Free Press, said the group is "skeptical that Google is truly engaged in a nefarious plot to undermine the open Internet -- the company denies it, and we look forward to all of the facts coming to light."
He added that if any company was planning to "secretly violate" the principle of network neutrality, it would face strong opposition from the Internet community.
The Journal report had said one major cable operator in talks with Google said it has been reluctant to forge a deal because of concerns it might violate Federal Communications Commission guidelines on network neutrality.
Source: Agencies
Google's telecom and media counsel in Washington said in a company blog that the search powerhouse offered to place its servers within the facilities of Internet service providers, making its data closer to consumers and therefore more easily accessed.
But the company's Richard Whitt said the offers did not violate so-called net neutrality -- the principle that phone and cable companies the operate data pipelines should treat all traffic equally.
Google was responding to a Wall Street Journal report on Monday that its practices would put at risk its stance on network neutrality.
The company said providers should be able to bolster access speeds through co-location and caching, both techniques that ease data traffic, as long as they do so without discrimination.
"However, they shouldn't be able to leverage their unilateral control over consumers' broadband connections to hamper user choice, competition, and innovation," he said.
The net neutrality debate has pitted Internet service providers such as AT&T Inc. against content companies such as Google and Microsoft.
The ISPs say they need flexibility to manage the ever-growing traffic on their networks without government interference, while content companies worry the ISPs hold the power to impede or slow traffic.
Many believe net neutrality will gain momentum under president-elect Barack Obama, who backs the principle.
Public interest defenders
Several prominent net neutrality backers came to Google's defense and cast doubt on the Wall Street Journal report.
"The practices described in the article, known as 'caching,' are commonplace and have been for many years," said Gigi Sohn, president of the advocacy group Public Knowledge.
"We in the public interest community are pleased to be working closely with our friends in industry, and those friends include Google," she added.
Josh Silver, executive director of advocacy group Free Press, said the group is "skeptical that Google is truly engaged in a nefarious plot to undermine the open Internet -- the company denies it, and we look forward to all of the facts coming to light."
He added that if any company was planning to "secretly violate" the principle of network neutrality, it would face strong opposition from the Internet community.
The Journal report had said one major cable operator in talks with Google said it has been reluctant to forge a deal because of concerns it might violate Federal Communications Commission guidelines on network neutrality.
Source: Agencies
Tuesday, December 9, 2008
Is Arun Sarin being considered for Yahoo CEO post?
The former chief executive of Vodafone Group Plc, Arun Sarin, is among those being considered by board members at Yahoo Inc to take Arun Sarin Tycoons with a golden heart
Modern Moguls the top job at the internet firm, the Wall Street Journal said, citing people familiar with the matter.
Yahoo's directors are moving closer to a recommendation and have authorized checking references on a few key candidates, the paper said.
Yahoo could not be immediately reached for comment.
The names of several executives of leading technology and media companies have been floating around as possible replacements to Yahoo co-founder Jerry Yang.
Yang agreed to resign as CEO last month after investors criticized him for management missteps. The company said at the time that it was hiring executive search firm Heidrick & Struggles.
Source: Agencies
Modern Moguls the top job at the internet firm, the Wall Street Journal said, citing people familiar with the matter.
Yahoo's directors are moving closer to a recommendation and have authorized checking references on a few key candidates, the paper said.
Yahoo could not be immediately reached for comment.
The names of several executives of leading technology and media companies have been floating around as possible replacements to Yahoo co-founder Jerry Yang.
Yang agreed to resign as CEO last month after investors criticized him for management missteps. The company said at the time that it was hiring executive search firm Heidrick & Struggles.
Source: Agencies
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