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Hewlett Packard

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NEWS
July 8, 1990 | By Vyola P. Willson, Special to The Inquirer
Hewlett Packard Co. will sell its 53-acre, three-building complex in Avondale if a Delaware court approves its purchase of Wilmington land for a new 350,000-square-foot plant. In July 1989, Hewlett Packard announced plans to move to a 109-acre site at Centerville Road and Lancaster Pike in Wilmington. Roger Nalepa, operations manager, said he expected Hewlett Packard to sell its old buildings before moving to Wilmington in 1992. "We will work with the appropriate people within the county to try to find a new owner," he said.
BUSINESS
November 1, 1990 | By Valerie Reitman, Inquirer Staff Writer
Hewlett-Packard Co. will announce today plans to eliminate 80 to 100 jobs at its Valley Forge sales office, company sources said. The company confirmed that some jobs would be phased out, but it said it would not disclose the number until employees were notified. Notification meetings with employees are scheduled for today. David Price, Hewlett-Packard regional communications manager in Rockville, Md., said the affected employees would be offered jobs elsewhere in the company by Feb. 1. The company will pay relocation expenses if necessary, he said.
BUSINESS
July 27, 1989 | By Glenn Burkins, Inquirer Staff Writer
Hewlett-Packard Co., a manufacturer of computers, business machines and other high-tech products, has signed an agreement to move its Avondale, Chester County, division seven miles to a 100-acre site near Wilmington, officials said yesterday. The move will affect more than 700 employees, most of whom are expected to continue working at the new location in the Little Falls Centre, south of Route 48 on Centerville Road. The Avondale division includes research and development, production, and marketing for several lines of precision instruments used for testing in such industries as environmental services, pharmaceuticals, petrochemicals, medicine, foods and fragrances.
BUSINESS
September 23, 2011 | By Quentin Hardy and Nick Wingfield, New York Times News Service
Meg Whitman, eBay Inc.'s former chief executive, was named to lead Hewlett-Packard Co. on Thursday. Whitman replaces Leo Apotheker, the company's chief executive, after only 11 months on the job. He is also stepping down as a director. But Apotheker's strategy, including consideration of spinning off HP's personal-computer business from other parts of the company, will likely remain in place. The company also said it was naming Ray Lane, who serves as nonexecutive chairman, as executive chairman.
BUSINESS
June 6, 1996 | By Dan Stets, INQUIRER STAFF WRITER
A small Allentown software company is suing Hewlett-Packard Inc. for $100 million, alleging that the California company stole its trade secrets and software technology. Computer Aid Inc. filed the suit against Hewlett-Packard, one of the nation's largest technology firms, and two others in U.S. District Court in Philadelphia yesterday. Other defendants are AM Communications Inc., of Quakertown, and Sydney Fluck, former president of Calan Inc., a Wilkes-Barre company acquired by Hewlett-Packard in 1994.
NEWS
August 23, 1992 | By Don Beideman, INQUIRER CORRESPONDENT
American Manufacturing Technologies Inc. (AMT), a new company spun off from the Hewlett Packard Co.'s Avondale Division, said last week that it would remain in Chester County. AMT, which had been looking at sites in Delaware and Pennsylvania, ultimately agreed to lease 20,000 square feet at the H-P plant on Route 42. Hewlett Packard is moving the rest of its Avondale operation to Delaware. Chet Bartoli and Mike Lord, two long time H-P employees, bought part of the Avondale operation from Hewlett Packard and will head the new company.
BUSINESS
October 25, 2000 | By Reid Kanaley, INQUIRER STAFF WRITER
Bluestone Software Inc., a local company that makes software for wireless Internet transactions, agreed yesterday to be acquired by computer-maker Hewlett-Packard Co. in an all-stock deal valued at $468 million. Hewlett-Packard, of Palo Alto, Calif., is the world's third-largest maker of computers. It said it would use Bluestone's software, which uses the cutting-edge Java and XML programming languages, to help its business customers offer new services on the Internet and over mobile appliances.
NEWS
July 5, 1992 | By Don Beideman, INQUIRER CORRESPONDENT
Two veteran managers of Hewlett-Packard are negotiating with the company to buy its sheet metal fabrication operation in New Garden Township, even as the company prepares to move its Chester County operations to Delaware. Both parties say the purchase - if it goes through - should provide greater longtime job security for 65 skilled employees in the fabrication operation. Hewlett-Packard has about 800 workers in New Garden Township, making it one of the largest employers in southern Chester County.
NEWS
December 4, 1995 | By Mary Blakinger, INQUIRER CORRESPONDENT
When a corporate giant decides to shed a venture, what happens to the spinoff? It's a good question to ask Mark Shuman of West Chester. He is hoping that a Hewlett-Packard Co. sideline that he and two partners have purchased will be their route to success. Shuman and Terry Berger, an analytical chemist from Newark, Del., each put in nearly two decades with Hewlett-Packard. Most recently, Berger worked in research and development, and Shuman, trained as a physical chemist, in marketing, both in Wilmington.
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ARTICLES BY DATE
BUSINESS
November 23, 2012 | By Amy Thomson, Bloomberg News
Former Autonomy Corp. chief executive officer Mike Lynch said the claim by Hewlett-Packard Co. that more than $200 million in improperly recorded revenue led to a $5 billion write-down does not make sense. "After being ambushed by all this yesterday, I've had a chance to look at some of the things that they're saying. It just doesn't add up," Lynch said Wednesday. "HP is looking for scapegoats, and I'm afraid I'm not going to be one of those. " Hewlett-Packard recorded an $8.8 billion write-down Tuesday and said more than $5 billion stemmed from accounting irregularities at Autonomy, which it bought last year.
BUSINESS
November 22, 2012 | By Peter Svensson, Associated Press
NEW YORK - Hewlett-Packard Co. said Tuesday that it is the victim of a multibillion-dollar fraud at the hands of a British company it bought last year that lied about its finances. HP CEO Meg Whitman said executives at Autonomy Corp. P.L.C. "willfully" boosted the company's figures through various accounting tricks, which persuaded HP to pay $9.7 billion for the company in October 2011. Autonomy's former chief executive officer said HP's allegations are false. HP is now taking an $8.8 billion charge to align Autonomy's purchase price with what HP now says is its real value.
BUSINESS
October 5, 2012 | By Michael Liedtke, Associated Press
SAN FRANCISCO - Coming off the biggest quarterly loss in Hewlett-Packard's history, CEO Meg Whitman braced investors for even more trouble ahead as she methodically tries to fix a wide range of long-standing problems. Those challenges will be compounded by a feeble economy that Whitman expects to weaken even more during the next year. HP said the internal and economic turmoil would cause its earnings to fall more than 10 percent next year, a decline that hadn't been anticipated by analysts who have followed one of the world's largest, and most dysfunctional, technology companies.
NEWS
April 19, 2012 | By Jonathan Zimmerman
On May 10, 1876, President Ulysses S. Grant welcomed more than 180,000 visitors to the opening day ceremonies of the Centennial Exposition in Philadelphia's Fairmount Park. Grant pulled a lever of the gigantic new Corliss engine, which powered the 800 other machines at the exposition. With the first hiss of steam, the crowd shouted and threw their hats into the air; guns roared, and church bells pealed. The fair was officially opened, and Philadelphia had secured its place as the "Workshop of the World.
BUSINESS
April 13, 2012 | By Matthew Craft, ASSOCIATED PRESS
NEW YORK — Encouraging signs from two of the most important zones of the world economy, the powerhouse of China and the debt-burdened countries of Europe, drove the Dow Jones industrial average up 181 points Thursday, its second-biggest gain this year. China's central bank reported a surprising jump in loans in March. That eased concerns about a sudden slowdown in the Chinese economy, whose growth has helped pull the globe out of recession. Italy's government easily sold $6.4 billion in bonds to investors.
BUSINESS
September 23, 2011 | By Quentin Hardy and Nick Wingfield, New York Times News Service
Meg Whitman, eBay Inc.'s former chief executive, was named to lead Hewlett-Packard Co. on Thursday. Whitman replaces Leo Apotheker, the company's chief executive, after only 11 months on the job. He is also stepping down as a director. But Apotheker's strategy, including consideration of spinning off HP's personal-computer business from other parts of the company, will likely remain in place. The company also said it was naming Ray Lane, who serves as nonexecutive chairman, as executive chairman.
BUSINESS
March 26, 2011 | By Jordan Robertson, Associated Press
SAN FRANCISCO - When Leo Apotheker took over as chief executive officer of Hewlett-Packard Co. nearly five months ago, he inherited a position plagued with scandal. His two predecessors, Mark Hurd and Carly Fiorina, were both ousted from one of the most prominent and troubled jobs in technology. Now, Apotheker is charged with leading HP, the world's largest computer-maker, past those troubled chapters in its history while tying together the far-flung parts of a conglomerate that's under pressure about its growth prospects.
NEWS
March 21, 2011
NCO Group Inc., Horsham, said today it appointed Ronald A. Rittenmeyer as president and chief executive officer, effective immediately. He replaced Michael J. Barrist, who will remain chairman of the debt-collection company. Barrist had also been president and chief executive since 1986. Rittenmeyer has been consulting with NCO for the last four months on plans for corporate growth and cost savings, the company said. He was chairman, president and chief executive of Electronic Data Systems until its sale to Hewlett-Packard Co. in 2008.
BUSINESS
February 10, 2007 | By Henry J. Holcomb INQUIRER STAFF WRITER
The Philadelphia lawyer who helped Hewlett-Packard Co. navigate its boardroom spying scandal last year is moving to California to become the company's executive vice president and general counsel. Michael J. Holston, 44, a partner at Morgan Lewis & Bokius, "will be responsible for the company's legal affairs, as well as compliance, government affairs, privacy and ethics," and will serve on its leadership council, which sets company strategy, the HP announcement said. He has represented the Palo Alto, Calif.
NEWS
September 7, 2003 | By Cynthia J. McGroarty INQUIRER SUBURBAN STAFF
Since departing for the heavens years ago, making an astro-widow of his wife, Donald McAlarnen has been listening for life on Jupiter. Not life as we know it, McAlarnen said one drizzly morning as he traced with his hand the width of the large radio telescope in his backyard. Life in the form of energy, massive energy, the kind of cataclysmic wallop produced when the electromagnetic fields of the solar system's largest planet collide with the molten sprays of sulfuric acid spewed into the atmosphere by its most intimate moon, Io. It is the sort of atomic love connection that McAlarnen has come to appreciate as an amateur astronomer and a cosmic eavesdropper whose day job is actually the night shift at Hewlett-Packard in King of Prussia.
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