HP: Stock Trouble, McCartney’s Digital Library, and an iPad Challenger
The past few weeks haven’t been that good to Hewlett-Packard (HP), the world’s largest computer maker. It was like a domino effect that started from the tough predictions for the enterprise on the third quarter of 2011. This was after the company posted a mediocre second quarter financial earnings. In the same interview, Leo Apotheker, HP’s head, gave a hint of the executive shake-up that will happen. A week later, 3 senior leaders bid farewell to HP: Marius Haas, Tom Iannotti and Gary Budzinski. Now, it is selling $5 billion funds in largest debt scale.
In a report by Bloomberg: “Hewlett-Packard has $1.75 billion of bonds coming due on May 27, according to data compiled by Bloomberg. Proceeds may also be used for general corporate purposes, including repayment of short-term IOUs, it said today in a filing with the Securities and Exchange Commission. The Palo Alto, California- based company had $680 million of commercial paper outstanding as of Jan. 31, it said in a March 11 regulatory filing.”
HP is all set to release its TouchPad and they are very confident that it will kick iPad off the number one position and leave other Android tablets in the ranks. The company is also broadening its online support services portfolio as they roll out HP Support Center platform. The latest acquisition of Printelligent is a sign that it would grow its SaaS front. HANA and financial offerings are perhaps the last two remaining positive news that HP can cling to.
But, this could be the most interesting venture HP will get involved in: Legend and ex-Beatles member Paul McCartney has asked the company to put up a digital library for him containing videos, films photos and stuff from five decades of his career. With this development, experts believe that if this project becomes a hit, it is possible that other artists who want to do the same and make lots of money out of it.
Since you’re here …
… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.
If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.
