3 Tech Titans Moving the Dow Now
Hewlett-Packard Company (NYSE:HPQ) is opening a tech renewal center in Erskine, Scotland, which will allow its commercial customers to obtain certified legacy HP products and participate in equipment reuse programs, no matter the equipment type or manufacturer. The new facility, which boasts 8,400 square meters of space, will be owned and operated by HP Financial Services, which is the firm’s leasing and asset management subsidiary. The center is intended to supply customers in Europe and worldwide, with a full range of IT legacy asset management and reuse services, which are specifically concentrated upon assisting large business enterprises in solutions to the challenges and complexities involved with the life cycle management of IT equipment. In addition, the new unit will help reduce potential e-waste by renewing older IT equipment.
International Business Machines Corp.’s (NYSE:IBM) new early retirement plan is being assailed by analysts, who say that it’s basically an attempt to decrease its headcount in the United States, from its current 90,000 members down by a possible 60 percent, to 40,000. Further, critics say that the plan assists in the company’s transferring more and more jobs overseas, according to a Business Insider report.
Intel Corporation’s (NASDAQ:INTC) Itanium platform and the related litigation with Oracle (NASDAQ:ORCL), is the subject of this statement issued by Hewlett-Packard, (NYSE:HPQ), in reaction to the ruling: “HP is pleased that the Court ruled that the language in the HP/Oracle agreement can be interpreted to require Oracle to continue porting its software products to the HP Integrity platform, as Oracle did for years before the agreement. As the ruling states, Oracle’s interpretation would make the agreement ‘illusory’ and ‘should be rejected.’ We look forward to trial, where the details of Oracle’s deliberate, anticustomer business strategy to drive hardware sales from Itanium to inferior Sun servers will be revealed..”.
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Investing Insights: Smartphones and Tablets Are Driving Growth in This Industry.