Hewlett-Packard News

HP Claims $4 Billion Losses in London Lawsuit Over Autonomy Deal

Hewlett-Packard lost more than $4 billion over its acquisition of British software firm Autonomy because of an elaborate fraud masterminded by its co-founder Mike Lynch to inflate the company’s value, HP’s lawyers told a London court on Monday. HP is …

HP Enterprise Discloses Hack by Suspected State-Backed Russian Hackers

Hewlett Packard Enterprise disclosed Wednesday that suspected state-backed Russian hackers broke into its cloud-based email system and stole data from cybersecurity and other employees. The provider of information technology products and services said in a Securities and Exchange Commission regulatory …

Judge Triples Award for Hewlett Packard Against Quanta in Price-Fixing Scheme

HP Inc. was awarded $439 million in damages against Quanta Storage Inc. and its U.S. subsidiary after a federal judge tripled a jury’s 2019 award for damages caused by a widespread scheme to inflate the price of optical disk drives. …

California Wildfires Destroyed Part of Hewlett-Packard Archives

California’s deadliest wildfires have also destroyed an irreplaceable collection of Silicon Valley history. The Santa Rosa Press Democrat reported that more than 100 boxes of letters and other materials from tech pioneers William Hewlett and David Packard burned in the …

Investor’s Lawsuit Claims HP Executives Misled

Hewlett-Packard Co. and top executives misled investors for months before unveiling a series of major decisions, such as the demise of the TouchPad, that hammered its shares, a shareholder alleged in a proposed class-action lawsuit filed this week. Shareholder Richard …