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Articles about Leo Apotheker

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HP settles lawsuit after Mad Leo's WebOS and PC biz shenanigans

HP has agreed to pay $57m to shareholders miffed by the management of Leo Apotheker. This comes after the plaintiffs sued the firm for defrauding them by abandoning its business model. The investors launched a class action suit after former chief Apotheker shocked them, and the rest of the tech world, by announcing plans in …
Leo Apotheker photo  by Jacoplane

Look out, world - Mad Leo Apotheker's back!

Wild-eyed former HP CEO Leo Apotheker is back in the IT hot seat after bagging a spot on the supervisory board at French tech outfit Steria. The appointment of the bumbling exec was approved by 99.8 per cent of shareholders at the Annual General Meeting on 15 May. At the same time, Laetitia Puyfaucher was also voted onto the …
Paul Kunert, 01 Jun 2012
Mike Lynch

'Brit Bill Gates' Lynch: Only Mad Leo Apotheker understood Autonomy

The origins of Autonomy's declining fortunes can be traced back to the moment HP axed its former hapless CEO Leo Apotheker, claims Mike Lynch, the founder of the Brit software firm. This comes as Autonomy is accused of "accounting improprieties and misrepresentations ... prior to 2011 acquisition by HP" by the Palo Alto tech …
Paul Kunert, 22 Nov 2012
The Register breaking news

Speaking in Tech: Leo Apotheker vs Meg Whitman

speaking_in_tech Greg Knieriemen podcast enterprise It's a bulging bag of treats today at our enterprise tech cast, hosted by Greg Knieriemen, Ed Saipetch and Sarah Vela. Our special guest this week is Christopher Lynch, a tech venture capitalist. Chris is a partner at Atlas Venture and former CEO and President of Vertica ( …
Team Register, 23 May 2012
Leo Apotheker photo  by Jacoplane

Apotheker: HP board was just as culpable for Autonomy buy

Leo Apotheker reckons he shouldn't be forced to single-handedly carry the can for HP's calamitous acquisition of Autonomy when there are a bunch of board members that were equally at fault. The man spent 11 short months at the Silicon Valley giant, but this was more than enough to make an indelible mark - his tenure included the …
Paul Kunert, 17 Dec 2012
The Register breaking news

Apotheker right hand man Wohl exits HP

HP's short lived chief communication officer Bill Wohl - a close ally of blundering former CEO Leo Apotheker - has confirmed that he has followed his buddy out of the business. The man, who was on hand to advise Leo on the masterful handling of the PSG saga, and the TouchPad and WebOS announcement in August, revealed on Twitter …
Paul Kunert, 19 Oct 2011
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HP board gives Leo $10bn more funny money

The board of directors at IT giant Hewlett-Packard think that HP's stock is undervalued and that the company needs to bolster the earnings per share that the company will report in future quarters. Thus the board has given CEO Leo Apotheker an additional $10bn in funny money to send in truckloads encrypted packets down to Wall …
The Register breaking news

Rumor: HP giving Apotheker Das Boot

It looks like Leo Apotheker's tumultuous time at the helm of IT behemoth Hewlett-Packard could be drawing to a close. Both Bloomberg and the Wall Street Journal are reporting that HP board of directors has scheduled a meeting to consider giving Apotheker the boot after only 11 months on the job and replacing him, possibly on an …
The Register breaking news

HP dumps Apotheker for Whitman

HP has named Meg Whitman as its new president and chief executive officer, parting ways with Leo Apotheker, who took the reins at the IT giant just ten months ago. In a press release, the company also said that non-executive chairman Ray Lane – a partner at Silicon Valley venture firm Kleiner Perkins Caufield & Byers – is now …
Cade Metz, 22 Sep 2011
HP CEO Meg Whitman

HP CEO Meg Whitman dons TRIPLE CROWN of POWER

HP CEO and president Meg Whitman has consolidated power at the top of the corporation by taking on the role of chairman as well. The manoeuvring comes days after HP confirmed that Ralph Whitworth is to step down due to health concerns, the exact nature of which were not revealed. Whitman joined HP's board at the start of 2011 …
Paul Kunert, 18 Jul 2014
HP

HP chairman Ralph Whitworth steps down immediately

HP is losing the man who has chaired its board of directors for the past two and a half years, over health concerns. The IT titan said Ralph Whitworth, 58, will be stepping down from the chairman position effective tomorrow in order to focus on his wellbeing. Further details on Whitworth's condition were not given by the company …
Shaun Nichols, 15 Jul 2014

HP in 'serious' settlement talks over Autonomy legal bust-up

Hewlett-Packard seems poised to settle a lawsuit with shareholders over its $10.7bn purchase of Mike Lynch’s software company, Autonomy. The computer company said in a statement that it is in “serious discussions” to settle the suit, brought in November 2012 by angry shareholders. “No final deal has been reached yet,” HP said …
Gavin Clarke, 30 Jun 2014
The Register breaking news

Larry Ellison comes out fighting against HP Apotheker 'madness'

Oracle boss Larry Ellison was uncharacteristically lost for words, after Hewlett-Packard hired ex SAP CEO Leo Apotheker as its new chief late last week. But the silence didn't last long. “I’m speechless,” he told the Wall Street Journal, before quickly sharpening his tongue and adding that HP had selected a man “who was recently …
Kelly Fiveash, 04 Oct 2010
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Heads roll at HP as Apotheker swings new broom

The word on the street is that more executives at struggling IT giant Hewlett-Packard are being shown the door by new CEO Leo Apotheker. apothekerCHANGES2 Apotheker: 'Ladies and Gents, let's have a look at your closest exits' A report in Bloomberg says three more top executives are leaving HP as the company shakes up its …
The Register breaking news

Newbie CEO Apotheker rakes in big HP bucks

As El Reg reported two weeks ago, Ray Lane, the non-executive chairman of IT giant HP, has shaken up the board of directors ahead of the company's annual shareholder meeting on March 23. And as part of the proxy filing with the US Securities and Exchange Commission ahead of that meeting, HP has detailed how much it's paying Leo …
The Register breaking news

HP: Apotheker rolls more heads

More heads are rolling at Hewlett-Packard, as new CEO and former SAPer Leo Apotheker is flattening and reorganizing the IT giant so that all chiefs of customer-facing units report directly to him . Most notably, HP has announced that Ann Livermore will soon step down from her job running HP's Enterprise Services unit and assume …

SAP tightlipped on job cuts in cloud rejig bid

SAP is swinging the axe and cutting a number of staff as it re-shapes itself as a provider of cloud services. The software biz would not say how many of its 66,750 employees will be laid off as part of its latest restructuring exercise, nor when the jobs would go – but called the losses “unavoidable”. Yet the company claimed it …
Gavin Clarke, 14 May 2014
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Apotheker was HP's sole CEO choice

Leo Apotheker, the ex-SAP CEO and the new president and chief executive officer of IT giant Hewlett-Packard who was appointed to those jobs yesterday, gave his first briefing this morning with members of the HP board. If you were expecting a lot of insight into the CEO search, the selection process, and Apotheker's plans for HP …
paper cut-out men holding hands in linked semi-circle

HP and shareholders to gang up against 'Brit Bill Gates'

Hewlett-Packard and its disgruntled shareholders have settled three lawsuits related to the $10.7bn acquisition of British search specialist Autonomy. But the Autonomy fight is not over – far from it. Both sides have now agreed to co-operate in "potential litigation" against Autonomy’s former CEO Mike Lynch and members of his …
Gavin Clarke, 01 Jul 2014

HP's Whitman rues 'biggest failure' at eBay Japan

HP supremo Meg Whitman has admitted that one of her biggest mis-steps in business (to date) was eBay's failure to make its mark in Japan during the 1990s. The tat bazaar had only 30 employees and revenues of around $US4 million when Whitman arrived in 1998. At that time, Japan was the second largest internet market in the world …
Phil Muncaster, 30 Apr 2014
HP TouchPad

Wanna buy some patents? HP might sell a few soon - reports

HP is looking to try and shore up the company's financial position by flogging off some of its mobile patents, sources whispered to Bloomberg. The company has already approached potential interested parties about its patent portfolio, including WebOS tech, which it got from its 2010 acquisition of early mobile device firm Palm …

Did HP just tip its hand on Autonomy? Spoiler: It was a busted flush

Autonomy has come under fire for a software deal between itself, reseller MicroTechnologies, and the Vatican – but all is not as it seems. A report published by Reuters on Friday attempted to shed light on HP-owned Autonomy's strange deal to sell technology worth $11.55m to MicroTechnologies, which was bidding on a contract to …
Jack Clark, 18 Jul 2014
channel

Apotheker prescribes transformation elixir for HP

As everyone knows by now, Hewlett-Packard is trying to buy the British software company Autonomy as it shuts down its webOS hardware business and hopes to spin off its Personal Systems Group. But here's a question for you: In HP's third fiscal quarter, which of its units actually showed year-on-year as well as sequential …
apothekerCHANGES2

Apotheker to shake things up at HP

Now that chief executive officer Leo Apotheker has made his worldwide tour of Hewlett-Packard's sites and big customers – and dodged the ongoing lawsuit between rival Oracle and former employer SAP – he is settling down to remaking HP into something more closely approximating his own image of the IT racket. According to a report …

HP Printer and PC boss: Lenovo is the LAST thing on my mind

The man straddling HP's global printer and PC portfolio has a few things on his mind, but he claims worrying about Apple, Samsung and Lenovo aren't chief among them. Dion Weisler left a senior role in Lenovo to head up HP's PC biz in Asia Pacifc/Japan in 2011, the same year former CEO Leo Apotheker was unpicking decades of hard …
Paul Kunert, 24 Jul 2014

SAP CEOs are like Highlanders - there can be only one

Circumstance, it seems, has forced SAP to abandon its beloved dual-chief-executive model. Company co-CEO Bill McDermott will be flying solo in 10 months and a new co-CEO will not be named by the software giant following the resignation of current co-CEO Jim Hagemann Snabe, who has been selected for election to SAP's supervisory …
Gavin Clarke, 23 Jul 2013
Mike Lynch

'Brit Bill Gates' was powerless to stop HP's Autonomy acquisition

Mike Lynch didn't fall out of love with Hewlett-Packard, it was HP which didn't know what it wanted. So says "Brit Bill Gates" Mike Lynch, who has even suggested HP's initial advances under then chief executive Leo Apotheker were unsolicited - possibly even unwanted - and that he was powerless to stop the acquisition. Speaking …
Gavin Clarke, 01 Mar 2013

HP's Machine and IBM's $3bn R&D splash – aka how to survive Google

IBM and HP are trying to invent their way out of severe problems that lurk in their future. Both companies face slowing sales in some of their traditional high-margin areas, like enterprise servers and other on-premises hardware. And both are having a tough time converting existing business divisions over to selling the high- …
Jack Clark, 23 Jul 2014

HP CEO talks up uncertainty in Dell buy-out

HP's self appointed turnaround queen Meg Whitman reckons that Dell's move to go private again will create a period of uncertainty for the customers and channel partners. And who can blame her for putting the hammer down on her rival? Dell waded with some barbed comments when HP's hapless homer CEO Leo Apotheker publicly stated …
Paul Kunert, 20 Feb 2013
management regulation2

Judge rules investors can sue Meg Whitman and HP over Autonomy

HP and its chief Meg Whitman will have to face claims from a shareholder class action lawsuit alleging the exec and her firm knew statements from Autonomy's management were misleading before the acquisition. US District Judge Charles Breyer ruled that investors can go ahead with claims against the company and Whitman, saying …
The Register breaking news

HP itching to flog flaccid biz units: Are Autonomy, PSG in firing line?

Hewlett-Packard is considering selling or spinning out its weak business units but warned investors that any deals may not go smoothly. The troubled tech titan stated in its latest paperwork filed to US financial regulator the SEC: “We continue to evaluate the potential disposition of assets and businesses that may no longer …
Gavin Clarke, 02 Jan 2013

Dead PC market? In the UK? NEVER

Thought the UK PC market was like a dead mule? Wrong. There's life yet in those age old desktop and notebook nags, according to distributor shipment data. Numbers from venerable analyst Context, the gentle purveyor of sales-out figures - the stuff that users are actually buying - showed Q3 was not bad, not bad at all. The total …
Paul Kunert, 01 Nov 2013

SAP to make do with one CEO after two-headed hub halved

SAP, the world’s largest business software maker, is losing one of its two CEOs and leaving Bill McDermott to rule them all. The German giant said co-CEO Jim Hagemann Snabe will be shifting to the SAP supervisory board pending a shareholder election at next May's AGM. Snabe said in a statement on the news: “I have decided that …
Gavin Clarke, 22 Jul 2013

Apple will FAIL in corporate land 'because IT managers hate iPads'

Apple's "very limited success" in penetrating the corporate enterprise market with the iPad reflects the lack of control IT managers feel they have over the device, as well as the dominance of Windows. That is, according to HP exec Jos Brenkel, global senior veep of sales for Printers and Personal Systems, who said no single …
Paul Kunert, 04 Nov 2013

Lawsuit launched against HP following Autonomy catastrophe

Investors are suing HP over accusations that senior execs hid negative information on multibillion acquisition Autonomy which subsequently led to a share price collapse. It was only a matter of time before stockholders got legal representation following last week's spat, when HP wrote-down $5bn related to the Autonomy buy, …
Paul Kunert, 27 Nov 2012
The Register breaking news

US, UK probe HP claims of accounting mischief at Autonomy

The US Department of Justice is investigating Hewlett Packard's allegations that British software company Autonomy cooked its books before it was bought up by HP. Hewlett Packard claimed accounting irregularities and financial misrepresentation at Autonomy led to HP's $8.8bn loss in the fourth quarter of 2012. HP paid $11bn for …
Anna Leach, 31 Dec 2012

Next HP CEO is already working at HP, says Meg Whitman

HP CEO Meg Whitman says her eventual successor will be recruited from within the company and not externally as has been the case with the previous batch of bigwigs. Ever since it hauled in Carly Fiorina from Lucent, who was replaced by Mark Hurd, then Leo Apotheker and Whitman, onlookers criticised HP's board for bypassing …
Paul Kunert, 20 Feb 2013
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HP knew Autonomy was a duff buy, claim HP shareholders in $1bn suit

HP ignored numerous warning signs about the state of Autonomy's finances and accounting irregularities at the firm before acquiring it for $11bn, shareholders have alleged in a $1bn lawsuit. The investors are suing HP's current CEO Meg Whitman, her predecessor Leo Apotheker, former HP chairman Ray Lane and Autonomy founder Mike …

HP: AUTONOMY 'misrepresented' its value by $5 BILLION, calls in SEC

Hewlett-Packard dropped a bomb this morning in reporting its financial results for its fiscal 2012 year, stating that the British software company Autonomy, which it acquired a little more than a year ago, "outright misrepresented" its own value - leading to a colossal $8.8bn writedown for HP today. In a conference call ahead of …
The Register breaking news

HP expected to hand Whitman full fat CEO role

Meg Whitman will be handed the reins at HP for the long term, multiple reports said today. However, the expected ousting of accident prone current boss Leo Apotheker in favour of the former eBay boss turned gubernatorial candidate, has done little to steady investors' faith in the firm, with its shares down almost 5 per cent …
Team Register, 22 Sep 2011

HP pulls its Kock out of Germany, slides him into European PCs

Eric Cador - the boss of HP's PC and printer biz in Europe, the Middle East and Africa - is hanging up his boots after 28 years service. The senior veep will be replaced by fellow Hewlett-Packard exec Herbert Kock, insiders told The Channel. Cador joined the US tech monster in 1985 as a product manager for the Personal Systems …
Paul Kunert, 06 Mar 2013

HP must throw its PC biz overboard to survive, says analyst

A UBS analyst has said Hewlett Packard should shed its PC and printer biz in a report that reopens old and sticky wounds. Rumours of a PC biz spin-out first surfaced last year, during former CEO Leo Apotheker's reign. By contrast, current big boss Meg Whitman has famously likened any spinoff of the units to breaking up a family …
Anna Leach, 08 Aug 2012
hands waving dollar bills in the air

HP plonks Boeing bigwig into global biz hot seat

Meg Whitman has made her first senior appointment as HP CEO by creating a new role - exec veep for global tech and biz processes - and giving it to former Boeing bigwig John Hinshaw. Hinshaw will oversee IT and shared and admin services, including indirect and services procurement. He will report to Whitman and is set to become …
Paul Kunert, 03 Nov 2011
HP ElitePad 900

HP's ElitePad 900 now so elite, you've probably not heard of it

HP has taken a cautious step back into the world of slab computing: its ElitePad 900 has finally landed in the UK distribution channel albeit in relatively low volumes. Fewer than 30,000 units of the Windows 8-powered tablets were shipped into Blighty, say industry sources, and it seems the tech giant has yet to convince the …
Paul Kunert, 25 Feb 2013
Mike Lynch

Autonomy to HP: bollocks

The HP-Autonomy spat has, predictably, turned into a high-profile slanging match, with Autonomy founder Mike Lynch firing back at Meg Whitman via the Wall Street Journal. Hewlett-Packard has sensationally written down the value of the software company it acquired last year by nearly $US9 billion, and blamed Autonomy for “ …
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HP recruits Goldman Sachs to grapple activist investors

HP has rented the services of Goldman Sachs Group to fend off any potential activist investors seeking to rock the boat. The WSJ says the investment bank will man the battlements against corporate raiders that could exploit the fallen share price – down by a fifth last month after HP made public its PSG review, canned WebOS …
Paul Kunert, 29 Sep 2011
The Register breaking news

HP loses Vertica big data boss

Chris Lynch, the boss of HP's Vertica subsidiary, has walked the plank. Vertica and its real time data analytics software was bought by HP in April 2010 for about $350m, according to SiliconAngle. This was then HP CEO Leo Apotheker's first software purchase. It was followed by the 2011 Autonomy acquisition, Apotheker's …
Chris Mellor, 19 Mar 2012
The Register breaking news

Woz on Microsoft: Whoa! They really changed things drastically. Whoa!

This was the week when HP finally realised that maybe slurping Autonomy a year ago wasn't such a good idea after all. Back in the days of Mad Leo Apotheker, HP agreed to fork out over $10bn for the Cambridge-based enterprise search and business intelligence software firm in a bid to transform itself into a software and …
fingers pointing at man

HP finally decides the future of the PC: It's a printer accessory

HP has confirmed the rumours anent the future of its Personal Systems Group - the globocorp's PC-making arm, which at one point seemed likely to be sold off - by announcing that it will merge with the company's printer tentacle. According to a corporate announcement issued today: HP’s Imaging and Printing Group (IPG) and its …
Team Register, 21 Mar 2012

HP's fraught union with Autonomy bears first fruit

HP has announced the first offspring of its mammoth $10.24bn (£6.6bn) union with British software firm Autonomy. The progeny, Autonomy IDOL 10, is a platform that pulls data from various sources including phone calls, email, social media and the web together with a company's data – such as customer logs – so it can be processed …