While it has yet to ship a single 3D printer, Hewlett-Packard (HPQ) is in a strong position to lead the market, says UBS. HP expects to begin delivering its first 3D printers in late 2016 and will target sales to businesses and other enterprises. HP’s timing is good, says the investment bank, after the early 3D printer leaders Stratasys (SSYS) and 3D Systems (DDD) encountered some big ups and big downs. “The market was overhyped, with the
Hewlett-Packard (HPQ) stock gapped up more than 5% Wednesday after the tech giant announced plans to slash up to 30,000 jobs as part of a restructuring that will split it into two companies. Late Tuesday, company executives told analysts they would make the cuts as HP separates its enterprise divisions from its consumer products operations, with the split set to take effect on Nov. 1. HP stock was up 4.2% in afternoon trading in the stock market
Hewlett-Packard’s (HPQ) enterprise unit will cut 25,000 to 30,000 jobs from its work force as part of the restructuring as it separates from HP’s consumer operations, company officials said Tuesday. HP made the announcement at a meeting with analysts and later disclosed the plan publicly in a press release. The tech giant now has 302,000 employees worldwide across all its operations, and would end up with as few as 272,000 as a result of the