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In 2012 and 2013, HP had no acquisitions in any of its business segments as the firm was dealing with the aftermath of an $8.8 billion write-off, suffered as a result of its acquisition of British software company Autonomy Corporation for $11 billion in 2011. In 2014, HP returned to the acquisition market by acquiring computer networking ...
However, the HP EliteBook line became the top of the business notebook lineup while the HP Compaq B series became its middle business line. [132] As of early 2009, the "HP ProBook" filled out HP's low end business lineup. [133] An HP Compaq laptop. In 2009, HP sold part of Compaq's former headquarters to the Lone Star College System. [134]
Compaq struggled as a result of the merger with DEC, [77] and was acquired by Hewlett-Packard in 2002. Compaq, and later HP, continued to sell many of the former DEC products but re-branded with their own logos. For example, HP now sells what were formerly DEC's StorageWorks disk/tape products, [79] as a result of the Compaq acquisition.
HP Inc Bulgaria EOOD Canada: HP Canada Co. / HP Canada Cie Teradici Cayman Islands: Compaq Cayman Holdings Company Compaq Cayman Holdings General Partnership II Compaq Cayman Islands Vision Company Hewlett‑Packard West Indies Limited HP Holdgate Co. Quartz Holding Co Chile: HP Inc Chile Comercial Limitada China: China HP Co., Ltd.
In May 2002, HP acquired Compaq, a former information technology company known for their Presario line of computers among other products. After acquiring the company, HP then took over Compaq's existing naming rights agreement and so sold both HP- and Compaq-branded machines until 2013.
Much of Hurd's success at HP was based on cost-cutting. Previous CEO Carly Fiorina sharply expanded the company's employee and cost base with the acquisition of Compaq. The new CEO bought info ...
According to a regulatory filing known as a Form 8K, Hurd will receive $12.2 million in cash under HP's severance plan, vested options on 775,000 shares of HP stock, and another 345,000 shares ...
HP's first quarter fiscal 2024 net revenue was $13.2 billion, representing a 4.4% decrease (4.9% in constant currency) year-over-year. [29] [30] HP's strong operating activities in the first quarter of fiscal 2024 generated $121 million in net cash. The company also reported a positive free cash flow of $25 million for the quarter.