In his first meeting with Wall Street analysts as Hewlett-Packard Co.'s (HP's) new leader, incoming Chief Executive Officer (CEO) Mark Hurd steadfastly refused to map out his plans for the company's direction. Hurd, who will officially assume the position on Friday, said he will spend the next few months learning about HP before he crafts a strategy for running it.
Media conglomerate IAC/InterActiveCorp agreed Monday to buy search and portal Web site operator Ask Jeeves Inc. in a stock-swap deal the companies valued at around US$1.85 billion.
Software maker The SCO Group Inc. is in danger of losing its Nasdaq listing for failing to file its 2004 annual report on time. SCO plans to request a hearing on the matter, which will delay its removal from the exchange, but beginning Friday the company will trade under a modified ticker symbol -- from SCOX to SCOXE -- to indicate its delinquent filing status.
Hewlett-Packard Co. (HP) announced Wednesday that its board of directors has dismissed Carly Fiorina as the company's chairman and chief executive officer (CEO). Fiorina, who has been HP's CEO for the past six years, is to be replaced on an interim basis by HP's current chief financial officer, Robert P. Wayman, the company said in a statement. Wayman, who has been with HP for 36 years, will also continue to fill his role as CFO. HP has already begun its search for a new CEO, the Palo Alto, California, company said.
Dell Inc. took the wraps off its holiday lineup on Thursday, showing new printers, plasma televisions and music players that will soon be available through its Web site.
When Google Inc. commences its unorthodox IPO (initial public offering), it expects shares to begin trading in the range of US$108 to $135 each, the company said Monday in a regulatory filing. Pricing at the high end of that range would give the Web search and services provider a $36.3 billion market capitalization.
Articles by Stacy Cowley