HP: highs and lows of 2014

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HP: highs and lows of 2014

JANUARY
HP to axe 5,000 more jobs
Hewlett-Packard said it would cut 5,000 more jobs, bringing the total number of layoffs to 34,000, or 11 percent of its workforce. The company said in a regulatory filing on Monday that it would record a charge of US$4.1 billion (A$4.6 billion) in 2014, up from its prior estimate of $3.6 billion.
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FEBRUARY
HP claims Autonomy overstated profits by 81%
Hewlett Packard said Autonomy, the software firm it bought in 2011, overstated profits at one of its main British units by 81 percent in the year before it was sold in Britain's biggest-ever technology deal. Little over a year after the $11.7 billion acquisition, the Silicon Valley company wrote down the value of Autonomy by $8.8 billion, accusing the management of accounting irregularities.
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MARCH
HP Australia posts $270m loss
HP Australia has recorded a $270 million net loss for the 12 months to 31 October 2013, thanks largely to an aberrant tax payment. Revenue for HP Australia's most recent financial year - ended 31 October 2013 - fell marginally from $3.5 billion in 2012 to $3.3 billion. The company reported a 10 percent decline in product sales and a marginal increase in services revenue.
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APRIL
HP launches new initiatives to fuel partner growth
Hewlett-Packard is rolling out a series of new marketing initiatives this week at its Global Partner Conference aimed at enabling its solution provider partners to leverage the billions of dollars the $112 billion computer giant spends on marketing. Lynn Anderson, HP's senior vice president of demand generation and channel marketing, told CRN US that at the heart of the new marketing offensive is a new marketing-driven demand-generation program for solution providers aimed at driving a significant sales pipeline for partners.
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MAY
HP to eliminate up to 16,000 more positions
Hewlett-Packard Thursday disclosed plans to lay off an additional 11,000 to 16,000 employees after it posted sales slightly below analyst expectations for its second fiscal quarter, ended April 30. The additional cutbacks come on top of the 34,000 positions that HP was eliminating in connection with a multiyear restructuring plan that was outlined in May 2012.
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JUNE
Optus snaps up former HP Australia chief
Former Australian boss of IT giant HP, David Caspari, has joined the country's second largest telco Optus, taking a lead role in the company's ICT services push. CRN broke the news of Caspari's resignation from his role as HP's South Pacific managing director last September to spend more time with his family.
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JULY
HP devices to include free mobile internet
Hewlett-Packard has announced that new PCs and tablets sold in the Asia-Pacific region will come with immediate out-of-the-box mobile broadband connectivity in 13 countries. HP DataPass comprises of embedded "mobile broadband in select PCs and tablets" and "a flexible mobile data service with locally competitive rates", according to a statement released at the vendor's media event in Mumbai.
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AUGUST
Synnex heats up competition in HP distribution
Synnex has joined Dicker Data, Ingram Micro, Avnet and Lynx Technologies as the fifth Australian distributor for the HP Enterprise Group portfolio. The deal expands Synnex' HP footprint; the distie has had HP Personal and Printing Systems' range for more than 10 years. HP Enterprise Group ranges from converged systems to the cloud, including servers, storage and networking components.
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SEPTEMBER
HP gets closer to AWS cloud by acquiring Eucalyptus
Hewlett-Packard is acquiring Eucalyptus, an open source private startup that's helmed by former MySQL CEO Marten Mickos and has close ties to Amazon Web Services. Eucalyptus sells software for building private clouds that support AWS's application programming interfaces (APIs), which means customers can move workloads back and forth between their data centres and the AWS EC2 public cloud. This scenario is known as "hybrid" cloud and it's the path many enterprises are taking to the cloud.
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OCTOBER
HP to split in half and cut 5000 jobs
Hewlett-Packard said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations, and eliminate another 5,000 jobs as part of its turnaround plan. HP said its shareholders would own a stake in both businesses through a tax-free transaction next year. Each business contributes about half of HP's revenue and profit.
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NOVEMBER
Internal memo lays out HP's transition plan
Hewlett-Packard CEO Meg Whitman said she is turning to some of the company's "best leaders" to "step up to help HP succeed" as it splits into two new Fortune 50 companies, according to an internal HP memo obtained by CRN US. Members of the A-team inclyde HP Enterprise executive vice president Bill Veghte and Australian-born Dion Weisler, currently HP's Executive VP of Printing and Personal Systems.
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DECEMBER
HP becomes Office 365 powerhouse
HP will offer end-to-end Office 365 services to the enterprise market, in a new partnership with Microsoft announced today. HP and Microsoft's "full solution" will encompass services ranging "from the initial advisory engagement, through transformation, to ongoing management, analysis, reporting and user support".
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