Articles about 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 …

Happy dealers, solid managers. So what's wrong at HP?

What’s going on at HP? CEO Meg Whitman has pulled out the scythe and is whipping it through the troubled hardware titan, chopping out the weak and underperforming bits and clearing a path back to a market-leading position. But trouble keeps cropping up. The latest batch came in when HP cried foul play over its $10.3bn of …
Steve Bell, 31 Jan 2013
The Register breaking news

Speaking in Tech: Leo Apotheker vs Meg Whitman

Podcast 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
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HP finally swallows Autonomy

HP has finally concluded the $10.24bn acquisition of Cambridge-based enterprise search and BI software firm Autonomy. The £25.50-per-share offer was given the green light by 87 per cent of Autonomy's shareholders last night - a whopping 79 per cent premium on the stock price on 18 August when HP first lodged the bid. Reaching …
Paul Kunert, 4 Oct 2011
The Register breaking news

Apotheker severance outrage: $2.4m 'bonus'

The rich are different from the rest of us not just because they have more money, but also because they get multimillion-dollar bonuses even when they run a company onto the rocks, as did former HP CEO Léo Apotheker. Apotheker was fired from his positions as president and CEO of HP on September 22. The same day, HP announced …
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
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 …
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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 …
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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 …
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Profit piranhas want a bite of HP

Comment Private equity firms are circling HP, looking for a way to carve up the IT behemoth and make a few quick and easy bucks – just as they do every time a new CEO has trouble running the company. Bankers, brokerages, private equity firms, and other stockjobbers and moneylenders talk a good game about investing for the long haul, …
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 …
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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 …
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HP tightens financial belt for 'tough' Q3

Move over beleaguered Cisco Systems, here comes Hewlett-Packard. Newly minted Hewlett-Packard CEO Leo Apotheker is looking for HPers to tighten the belt and use good judgment aimed at generating profits as they pursue sales in the company's third fiscal quarter of 2011, which began on May 1. According to a report in the Wall …
The Register breaking news

HP will grow future on clouds and analytics

Comment Let's talk about the money first because if the corporate strategy laid out yesterday by Hewlett-Packard's new president and chief executive officer, Leo Apotheker, doesn't pan out, neither will the ever-increasing dividends that are supposed to get Wall Street all fired up. In conjunction with its HP Summit for analysts and …
The Register breaking news

HP buys Vertica for data analytics

Hewlett-Packard's new president and chief executive officer, Leo Apotheker, has made his first move in software by having HP acquire an in-database analytics startup called Vertica Systems for an undisclosed sum. Vertica is located in Billerica, Massachusetts, and was founded in 2005 by database giant Michael Stonebraker, who …
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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 …
The Register breaking news

HP doesn't miss a beat in fiscal Q4

All eyes were on IT industry bellwether Hewlett-Packard today as it reported its fourth quarter of fiscal 2010 financial results in the wake of bringing onboard its new chief executive officer, Leo Apotheker, and the winding down of arguments last week in the lawsuit between Oracle and SAP, Apotheker's former employer. At least …
The Register breaking news

SAP agrees to pay Oracle $120m over 'industrial espionage'

SAP has agreed to pay Oracle $120m in connection with the intellectual property lawsuit Oracle filed against its rival over what Larry Ellison calls "industrial espionage." On Monday, the two companies filed a joint stipulation in a Northern California federal court that would see SAP pay Ellison and company $120m for "past …
Cade Metz, 2 Nov 2010

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