Here’s your Cheat Sheet to the week in select Dow 30 tech stock news:
Hewlett-Packard Company (NYSE:HPQ): Current price $16.99
Just days before the firm went forward with its $11 billion software deal for the British software maker Autonomy Corp., a purchase almost immediately regretted, it missed an opportunity to get out of it, says the Wall Street Journal. During a talk with an H-P delegation, outside auditors for Autonomy mentioned that an executive there had raised a claim of improper accounting at the firm, according to sources, who said the auditors added that the allegation had been found to be groundless. However, the H-P executives never passed this tidbit on to their board or chief executive.
Hewlett-Packard reported that Spain’s Madrilena Red de Gas has reached a four-year agreement for HP to manage its environment running SAP solutions (NYSE:SAP), thus enabling it to enhance customer service while concurrently improving efficiency. Through the terms, HP will help Madrilena Red de Gas more closely line its SAP solution-based environment up with business objectives, permitting it to support priorities, customer service improvement goals and growth as it reduces complexity and costs.