Hewlett-Packard (HPQ)

[helios]

Not interested lar.

Corporate "affairs" are as complex as Inception.

[kennynah]

Mon Aug 23, 2010 6:54pm EDT

NEW YORK (Reuters) - Hewlett-Packard Co offered to pay $1.6 billion for 3PAR Inc, topping rival Dell Inc's bid by a third in a surprise move that could spark a bidding war for the data storage company.

[iam802]

If I recall, 3PAR's CEO was from HPQ

At the back of my head, I have this belief that 3PAR will be peddled to HPQ (among other potentials).

It is a pretty natural move within the industry.

After all, I help you scratched your back, and vice-versa.

[iam802]

Just musing around.

This is the value of HURD to HPQ; about 10% of its share price.



Note:
On hindsight, is the payment for his departure high?

[kennynah]

imo.....hurd has been a joke....

i was just out with a HP AP chap...he said...no impact .... and another chap a major distributor of HP servers...he said..."WTF was this guy thinking?"

[iam802]

Good feedback.

Let's find a point to enter.

[kennynah]

HPQ board approves usd10bil shares buy back

[iam802]

This move is expected.

Only in red dot can we find CEO jump from company to another rival company without much issues.

-----
HP SUES Ex-CEO Mark Hurd Over New Job At Rival Oracle

http://www.huffingtonpost.com/2010/09/0 ... r=Business

[kennynah]

different quality oso....cannot compare 50cents shan ba liu lian to $18/kg xo liu lian....

the current hpq ceo makes usd70 mil per year....what does montefeiro make? S$700K maybe...

[millionairemind]

This is turning out to be a PR nightmare.

Sep 8, 2010
HP sues Hurd over new job
SAN FRANCISCO - HEWLETT-PACKARD Co is suing the chief executive it ousted last month, Mark Hurd, to stop him from taking a top job at rival Oracle Corp.

The lawsuit, filed on Tuesday in a California state court, came a day after Oracle hired Mr Hurd as co-president to help lead the database software maker as it tries to steal business from HP. It centres on HP's claim that Mr Hurd won't be able to perform his job at Oracle without spilling HP's trade secrets and violating a confidentiality agreement.

This type of complaint isn't unusual in the technology world, nor is the confidentiality agreement Mr Hurd had signed as part of a severance package from HP that could top US$40 million (S$54 million). Technology companies often require such agreements because workers walk out the door with valuable technical information. But the stakes are higher with Mr Hurd than a rank-and-file employee.

As HP's CEO for five years, Mr Hurd was responsible for preparing HP's strategic plans and has intimate details about HP's profit margins and special deals it has offered customers, according to the lawsuit. HP also insisted that Mr Hurd was privy to a 'highly confidential' analysis of Oracle's competitiveness against HP.

'Hurd's actions are a serious threat to HP's business,' HP lawyers wrote in the lawsuit, which was filed in California Superior Court for Santa Clara County.

Unless stopped, HP said, Mr Hurd would diminish the value of HP's trade secrets, hurt customer relationships and 'give Oracle a strategic advantage as to where to allocate or not allocate resources and exploit the knowledge of HP's strengths and weaknesses.' Mr Hurd and Oracle declined to comment. -- AP