Last week the news broke at HP about an investigation into a board leak at that company which may have been done improperly. In looking into this, I personally think this is an attempt to cover up what the big problem was and to misuse political influence. Since I'm writing this on September 11th, I'm very sensitive to the whole concept of cover your ass politics right now and feel it is worth while to provide what I think is a clearer perspective on the HP problem which, I think, has more to do with a misguided power play on HP's board than anything else right now.
Palo Alto (CA) - UPDATE Hewlett Packard this morning announced that Patricia Dunn, chairman of the board of Hewlett-Packard, will step down from her position in January, as a result of the recently reported board scandal. She will be replaced by CEO Mark Hurd. Dunn will continue to serve as an HP director.
Dell's announcement today that the company would delay the filing of its Form 10-Q for its fiscal second quarter ended August 4, 2006 did not come as a surprise, after the company had confirmed an "informal investigation" into accounting issues last month. However, the simple fact that Dell apparently will miss the filing deadline, will raise additional concerns and clearly contradicts CFO Jim Schneider's initial believe that the SEC probe wasn't a big deal.
There was a question mark hanging over Hewlett-Packard chair Patricia Dunn after revelations that an investigation she launched violated the privacy of her fellow HP directors, several journalists and their families, and probably broke the law.
Freescale on Monday confirmed that it "is in discussions with parties relating to a possible business transaction." The chip company did not provide further details about a possible acquisition and mentioned that "there can be no assurances that any transaction will result from these discussions."
However, the New York Times reports that a consortium of investment firms was close to reaching a deal to acquire Freescale for more than $16 billion. If completed, the deal would be the largest leveraged buyout ever in the technology sector, the newspaper said.
Gateway has hired J. Edward Coleman as its new chief executive officer. Coleman joins Gateway from Arrow Electronics, where he held the position senior vice president and president of Arrow's Enterprise Computing Solutions.
A legal clash between Blockbuster and Netflix has triggered a patent debate over who has the right to offer DVD-rental services over the Internet.
Five major credit card companies have teamed up in the interest of creating better security.
With DRAM makers devoting more capacity to DDR2-667 and NAND flash, Etron Technology chairman Lu Chao-chun yesterday said he remains optimistic about the SDRAM market in the next few months.
Scottsdale (AZ) - Sony's Playstation Portable (PSP) was the best-selling portable game console in 2005, but the Nintendo DS has turned the tables this year: According to market research firm In-Stat, the Nintendo may ship 25 to 30% more devices than Sony.
Sacramento (CA) - The California Assembly and Senate have passed a bill that would bar most mobile phone calls made while driving. Senate Bill 1613 would make calling on a non-hands-free phone an infraction that is punishable by fines. The bill now heads to Governor Schwarzenegger for signing.
If the bill is signed into law, starting July 1, 2008 offending drivers could be fined $20 for the first violation and $50 for each violation afterwards. The law explicitly allows drivers to call for fire or police help.
This week Intel announced they were going to layoff over 10,000 workers and, strangely enough, the stock market reacted negatively to this news. This may have been one of the biggest blunders for a company having a great deal of difficulty this year.
One of the world's most famous scientists wants an assistant.
A combination of consistently tight supply and strong demand is not only sustaining the firm pricing of DDR2, but it could also drive the cost of DRAM supplied with PC systems to more than 10% of the cost of an individual PC, according to industry players.
Leading mobile-phone makers Nokia and Motorola will increase their semiconductor spending by the highest percentage among the world's top-10 OEM chip buyers in 2005 and 2006, research firm Isuppli predicts.
Third-generation (3G) subscriptions, including CDMA2000, are forecast to hit 285 million by the end of 2006," says Jake Saunders, the Asia-Pacific director at ABI Research.
Palm expects to report fiscal Q1 2007 revenues to be in the range between $354 and $356 million, down about 7% from the earlier guidance of $380 million to $385 million.
Investigators for Hewlett-Packard sought private telephone records of board members while hunting for leaks to the media of confidential company information, the computer maker said in a regulatory filing Wednesday.
AMD today said that it has received approvals to acquire ATI from Canadian Commissioner of Competition and the German Federal Cartel Office. The company also announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, which implies that the the Federal Trade Commission and the U.S. Antitrust Division of the Department of Justice have been properly notified of the transaction and do not intend to take action against it.
There appears to be little that Intel can currently do to boost its stock price. Even the dramatic restructuring announced yesterday isn't enough to improve the shaky situation of Intel shares.