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HP adds another 2,000 to the chopping block, cutting 29,000 jobs by 2014
Looks like May's Hewlett-Packard layoff numbers were about 2,000 short of reality, as the American hardware company adjusted its previous 27,000 estimate to 29,000 in a recent SEC 10-K filing spotted by ZDNet. Those employees represent approximately eight percent of HP's entire workforce, and the restructuring saves the company $3 to $3.5 billion per year -- money it badly needs following last quarter's losses. HP says that 3,800 employees were affected as of July 31, 2012 -- just over 13 percent of the restructuring total. It's unclear how many more will be affected by year's end, if any.
Writer breaks down floppy drive history in detail, recalls the good sectors and the bad
There's been a lot of nostalgia circulating around the PC world in the past year, but there's only one element of early home computing history that everyone shares in common: the floppy drive. A guest writer posting at HP's Input Output blog, Steve Vaughan-Nichols, is acknowledging our shared sentimentality with a rare retrospective of those skinny magnetic disks from their beginning to their (effective) end. Many of us are familiar with the floppies that fed our Amigas, early Macs and IBM PCs; Vaughan-Nichols goes beyond that to address the frustrations that led to the first 8-inch floppy at IBM in 1967, the esoteric reasons behind the 5.25-inch size and other tidbits that might normally escape our memory. Don't be sad knowing that the floppy's story ends with a whimper, rather than a bang. Instead, be glad for the look back at a technology that arguably greased the wheels of the PC era, even if it sometimes led to getting more disks than you could ever use. Sorry about that. [Image credit: Al Pavangkanan, Flickr]
HP exceeds Q3 expectations: rakes $29.7 billion in revenue, still posts a loss
To say that HP is in a bit of a transitional period would probably be an understatement. As expected, the $8 billion hit it took over the EDS purchase severely impacted its bottom line. While revenue was down year-over-year to $29.7 billion, that five percent drop equated to a 568 percent decline in income as the company posted a loss of $8.9 billion. If not for the combined $10.8 billion in charges it was forced to absorb this quarter, the company's net-income would have stood at $2 billion -- which would have been a significant improvement over Q2's $1.6 billion in profit. While such a staggering loss does appear bad, the non-GAAP results should give investors some hope, as the merger and layoff related charges are a one-time deal. Still, the outlook continues to be grim at the Personal Systems Group which has seen revenue drop 10 percent over the last year. The lone bright spot in the company's line up appears to be its software division, where revenue has grown 18 percent year-over-year. CEO Meg Whitman issued a statement alongside the Q3 2012 earnings report looking to assuage nervous investors' fears. "HP is still in the early stages of a multi-year turnaround, and we're making decent progress despite the headwinds," she asserts and assures that better days lie ahead. For more financial fun, check out the PR after the break and all the tables and charts you can handle at the source.
HP creates Mobility division to focus on consumer tablets, taps ex-MeeGo maven Alberto Torres to run it
Despite the culling of Palm's offerings from its product portfolio, HP isn't exiting the tablet space. Far from it. Evidence of a new tablet has been floating around since April, and we've even caught a couple glimpses of the so-called Slate 8. Now, The Verge reports that the company has created a Mobility unit within the Personal Systems Group dedicated to making such consumer hardware. According to a leaked internal memo, it looks like Alberto Torres, formerly chief of MeeGo ops at Nokia, will be the man in charge of the new division. The Mobility group will first focus on tablets, with a "soon-to-be-launched" initial offering, but it plans to expand into other product segments moving forward. The full leaked memo can be found at the source below.
webOS team becomes Gram, isn't heavy on mission statements
HP's webOS team has been keeping busy with its open source project, but it's time for a new challenge in the form of Gram: a fresh HP-funded offshoot focused on "software, user experience, the cloud, engineering, and partnering." We're not quite sure where that list could lead, but webOS, Enyo and cloud services are all expected to play a role in future endeavors. Judging from the fancy flyer after the break, a lot of energy is going into brand-building right now, along with a dose of secrecy, but hopefully some more concrete details will happen along soon.
Gartner reports Western Europe desktop shipments down, portable PCs up in Q2 2012
When it comes to technology and the end of a financial quarter, you can bet your wage there'll be an analyst report or two letting you what's what. And according to Gartner's latest estimates for Western Europe, PCs didn't fare too well in Q2 of this year, with a 2.4 percent decrease in shipments compared with the same period in 2011. Consignments of mobile PCs (read: not tablets) grew by 4 percent, while desktops floundered, dropping 12.8 percent. Of this, a minor growth of 0.4 percent was recorded in consumer PCs, while the professional market decreased by 5.3 percent. Among the big hitters, HP remained at the top of the pile despite losing some market share, and Acer remained in second position with a mild increase in the same. ASUS put in a healthy performance, moving the company up to bronze medal position, while Dell dropped off the podium to fourth. The vendor statistics for the whole region were echoed in France in Germany, but during the quarter Apple managed to break into the top five in the UK market. Meike Escherich, principal analyst at Gartner, attributes the overall performance to economic uncertainty in the region, as well as lackluster demand in the wait for Windows 8 machines. We don't want to spoil all the fun, so a comprehensive breakdown of the numbers awaits you at the source link.
HP expects to take $8 billion hit over its purchase of EDS
Normally shake ups in management and earnings outlooks don't really grab our attention. But, buried in the PR for just such moves from HP today was a particularly intriguing tidbit of information. In Q3 the company expects to be hit for $8 billion in pre-tax assets (but not cash) as part of an "impairment of goodwill" charge related to the purchase of Electronic Data Systems. That's in addition to a $1.5 billion charge it'll be absorbing following the layoff of some 27,000 employees in May. While the company has actually raised its earnings outlook for the quarter, we'll have to wait till August 22nd to find out just how much these two charges will affect the bottom line. For some more detail, check out the PR after the break.
Unannounced HP tablet glimpsed in official picture (again), could be Slate 8
HP's Make it Matter site features a shot of a medical-type person using a mysterious device that's the spitting image of one we saw in July. While the company's made no secret of its plans for a Windows 8 tablet, it's yet to confirm if this is the Slate 8 or some other unannounced flagship. Given the context, perhaps this is an enterprise offering designed for corporate customers, or it could just as easily be the fever-dream of a Madison Avenue art director. If it's real, we'd expect a release around October 26th along with the rest of the Windows 8 cohort.
HP laptop comes with webcam standard, peek at Chinese factory as bonus (video)
Most tours of Chinese factories at least give workers a heads-up that they'll be on camera. Not so the exposé that HP inadvertently gave one of its Swedish customers. Reddit user Malplace opened a new laptop to find that a 3-minute webcam video of the factory floor at HP's contractor, Quanta, was sitting in Windows' My Documents folder. If you're looking for scandal from the footage, though, you won't find it here: Chongqing Manufacturing City's staff are shown dutifully moving the assembly line along in what looks like fair conditions, if exceptionally repetitive. The instance is most likely just a rare gaffe during testing at a manufacturer that pumps out millions of HP PCs every quarter, so we'll cut Quanta some slack. It's still a rare glimpse into a side of technology that's considered off-limits for much of the buying public.
Project Moonshot take two: HP's low-power Gemini servers let go of ARM's Calxeda for Intel's Centerton
Last we'd heard of HP's Project Moonshot, that effort to create low-energy servers was set to ride on the back of the Calxeda SoC. But for the rollout of its production-ready "Gemini" models, the company's changed tack, replacing the previously announced ARM chips for Intel's Centerton. Why the sudden swap? Well, it seems that new Atom processor delivers the same energy-sipping promise of its predecessor, while also adding 64-bit support, a broader software ecosystem, error correcting code memory and hardware virtualization. That's all well and good, but when you boil it down to layman's terms, HP's really just angling for the ultimate in efficiency and it plans to do that by providing these compact servers in "a [smaller] footprint" than currently available setups. The system's still not quite ready for primetime consumption, given its very recent public outing, however, demo units are in the pipeline, with a planned launch for the end of 2012. If this sort of back-end geekery gets your blood flowing, feel free to hit up the official presser after the break.
Ask Engadget: best four-in-one printer, scanner, copier and fax?
We know you've got questions, and if you're brave enough to ask the world for answers, here's the outlet to do so. This week's Ask Engadget inquiry is from Georgi, who is risking his life, his wallet and his sanity to buy the most hated of all consumer electronics: a printer. If you're looking to send in an inquiry of your own, drop us a line at ask [at] engadget [dawt] com. "I'm looking into buying a new four-in-one for my company. I'd love an internet connected printer that can scan directly to a mac from the menu, be able to email faxes it receives without printing them to save on paper and if it could support mobile devices, that'd be fantastic. I had my eyes on a couple of Epson and HP models but I'm not sure what to buy in terms of longer lifespan, cartridge price and software support. My budget's around $125. Thank you!" Your humble narrator can tell you for sure that HP's Photosmart 5514 isn't the way to go -- we're waiting on our third replacement unit in as many weeks. Each time a new reconditioned model arrives at our door, we plug it in only to find that it's as broken as the one we bought new. Anyway, let's turn the question over to our audience, who may know of a printer that's reliable, cheap and not a figment of our collective imagination. Over to you.
HP names Bill Veghte new COO, hands over the keys to HP Software
After successfully piloting HP's software division and, presumably, performing well as the company's chief strategy officer, Bill Veghte is getting a promotion. Effective immediately he'll be taking over as COO of the struggling computer manufacturer and finally handing over the keys to HP Software. As Veghte is forced to give up his executive vice president's position, George Kadifa will be stepping it to take up the charge of leading the non hardware-based part of the business. The move will also mean that Veghte will be working even more closely with CEO Whitman, who expressed confidence in Veghte. The shakeup comes shortly on the heels of a particularly tough financial quarter and the announcement of 27,000 layoffs. Check out the complete PR after the break.
HP cuts 27,000 jobs, profit tumbles 31 percent in Q2
Looks like rumors of major cost-cutting measures at HP are true: the company along with its fiscal Q2 results has just outlined plans to slash 27,000 jobs by the end of its fiscal 2014. The group of affected staffers, or about eight percent of the workforce, is being offered an "early retirement" if it doesn't want to wait to be let go involuntarily. The move is intended to streamline HP's operations and save between $3 billion to $3.5 billion a year by the time the cuts are done. As for the results themselves, they explain all too clearly why the cuts are inbound: HP 's profit dropped a massive 31 percent to $1.6 billion, and its revenue dropped three points to $30.7 billion. CEO Meg Whitman touted the results as exceeding an earlier glum outlook, but with the enterprise, printer and services groups all dragging the company down, it's clear that HP is in the same boat as a struggling Dell.
HP reclaims top spot in PC sales, market as a whole climbs 21 percent
Well, Apple's reign atop the list of the world's top PC makers was short lived. After clawing its way into the lead, if you counted the iPad as a PC, HP is back atop the heap -- even with Cupertino's tablet-inflated numbers. According to Canalys, the Palo Alto company shipped 15.8 million units in the first quarter of 2012, barely sneaking passed Apple by 40,000 computers. Of course, remove Apple's 11.8 million iPads, and it's not even a competition. Lenovo, Acer and Dell rounded out the top five, with the total market shooting up 21 percent over the same time last year. However, there is plenty of reason to believe we won't see client PC fly out the door at such an incredible rate. Amazingly, according to Canalys, tablets accounted for 40 percent of all PC shipments in the US. For more details check out the PR after the break.
iFixit tears open an HP Z1, finds it impossibly easy to repair
Those guys and gals at iFixit love nothing more than destroying something beautiful and, in the process, finding out exactly what makes it tick. The latest victim of their reckless deconstructive tendencies is HP's Z1. The all-in-one turns out to be just as beautiful on the inside as it is outside. The components aren't haphazardly tossed inside the tight enclosure or soldered in place. The impressively repairable and replaceable parts all slide out easily, with at most the turn of a few screws. Only the LCD and glass pane posed an obstacle, but even that turned out to be relatively simple to remove. For more photos of the tiny workstation torn asunder, check out the source link.
HP Envy 4 shows up for pre-order on HP's China site, priced as low as 5,499 yuan
A few days ago, HP accidentally listed the unannounced Envy 4 and 6 on a support page within its American website. Fast forward to today, and the company's Chinese site is following in similar footsteps -- though, this time around exposing a couple more details. HP's online shop in China shows a total of six different Envy 4 models, starting with the 1005tx / 1019tx, followed by the mid-level 1004tx / 1021tx and ending with what appears to be the higher-end Ultrabooks: Envy 4-1006tx and 1021tx, which are both priced at 6,299 yuan (around $1,000). As expected, the pair sitting at the bottom of the pile is the lesser-specced of the bunch, revealing an Intel Core i3-2367M CPU, while the top-shelf machine (1021tx) is listed as sporting a Core i5-2467M. Taking into consideration all the recent leaks, it's now only a matter of time before Meg Whitman & Co. make these 14-inch skinny laptops an "official" reality. Until then, those living in China can try and pre-order one of these by pointing your browser toward the source link below.
HP announces six Ivy Bridge desktops, available April 29th from $699
We've already seen a number of laptops from HP sporting Intel's 22nm micro architecture, most commonly known as Ivy Bridge, but now the company is giving its desktop lineup a similar refresh with six quad-core models that'll be available directly from the manufacturer on April 29th. Of the group, three will feature all-in-one form factors, which include the Omni 220qd -- a rig with Beats Audio and a cantilever design that'll start at $999 -- along with the Omni 27qd, which features a 27-inch display and a $1,199 price tag. The third model will bring a refresh to the TouchSmart 520xt, which features a touch-enabled 23-inch display that'll retail for $999. The remaining updates are stand-alone desktops, which consist of the HPE h8t, available for $699, and the HPE h8xt -- a more powerful unit that'll start at $799. Those looking to delve a bit further into the high-end will find the HPE Phoenix h9t, which will metaphorically rise from the ashes at $1,149. Curiously, the Phoenix is the only unit that'll simultaneously hit retailers on April 29th -- the five other models won't get their taste of brick and mortar until June 24th.
AllThingsD: HP to fold Imaging and Printing division into Personal Systems Group
HP might have at one point considered ridding itself of its high revenue but low earnings computing division, but AllThingsD has it on good authority that its profitable printing group will now be folded into it. Under the guise of consolidation, the union of both should streamline operations, as both currently expend sizable efforts targeting the same business and home consumers alike. It'll also mean the current Imaging and Printing Group head-honcho, Vyomesh Joshi, is on the outs with the absorbed unit reporting to existing Personal Systems Group head, Todd Bradley. Enough about the kerfuffle, ultimately the shakeup means we're one step closer to owning the webOS printer of our dreams, right?
Wanna see HP engineers shoot laptops with electricity? (video)
You may think your job is cool, but do you work at Hewlett Packard's Elite PC reliability testing lab? It's the sort of place you'll find robots opening and closing DVD trays thousands of times and levers constantly opening laptops to see if its hinges can withstand your daily commute. Oh yeah, and firing 10,000 volts of static electricity at your notebook, as you do.
HP cuts 275 webOS jobs in transition to open source
In news that should come as little surprise to anyone who's followed the decline of the ill-fated brand, HP is reportedly laying off 275 webOS employees as it transitions the division from producing hardware to open source software. The cuts have apparently been in the works since the company announced the move to open source back in December, and follow on the heels of former Palm chief, Jon Rubinstein's departure last month. A statement from the outfit cited the need for "a more nimble team" to "sustain HP's commitment to the software over the long term," and stated HP's intentions "to redeploy employees affected by these changes to other roles at the company." While reports have surfaced saying the cuts are primarily in engineering, we're told positions in multiple departments are at stake.
