HP shuffles top ranks, dashes 2014 growth hopes

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  • August 22, 2013 at 6:08 am #2513

    Anonymous

    Technology News

    A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo AltoBy Edwin Chan SAN FRANCISCO (Reuters) – Hewlett-Packard Co shuffled its top ranks on Wednesday, shifting a star executive to a role identifying acquisition targets after a disappointing performance from the division he oversaw curtailed the No. 1 PC maker's 2014 outlook. Shares in HP dropped 8 percent in after-hours trading after the company reported a 9 percent decline in Enterprise Group revenue, the company's second-largest division and a critical component of CEO Meg Whitman's plan to transform HP into a provider of enterprise computing services able to take on IBM and Cisco Systems Inc. …


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