Tag Archives: hpq

HP Cloud Investments Could Include Rackspace Deal

Hewlett-Packard has stepped up investments in cloud computing, prompting some analysts to speculate that it could make a big move such as acquiring Rackspace Hosting. That, however, would require HP (HPQ) to ratchet up its spending significantly, since Rackspace (RAX) could sell for $6 billion or $7 billion. HP in May said that it plans to spend $1 billion over the next two years to develop cloud products and services. At an annual conference for

Business PC sales ignore talk of ‘post-PC era’ and rise

Personal computer sales are back from the dead. A report by Intel late Thursday added to anecdotal evidence that PCs, at least for enterprise customers, are enjoying a resurgence. The world’s largest chipmaker raised its guidance for the second quarter and full year on stronger-than-expected business PC demand. Intel now expects to see some revenue growth this year vs. its forecast in April for flat sales in 2014. Intel (INTC) shares rose 6.7% in afternoon trading in the stock market today. Intel’s news helped lift other stocks connected to the PC supply chain. PC maker Hewlett-Packard (HPQ) was up 5% in afternoon trading Friday. PC software giant Microsoft (MSFT) was up 1.7%. PC peripheral maker Logitech International (LOGI) was up 1.4%. Analysts say enterprise PC sales got a boost from the end of support for Microsoft’s Windows XP operating system in early April. Microsoft no longer provides security updates and …

Aerohive Challenging Motorola And HP In Wireless

Aerohive Networks (HIVE) is challenging rivals such as Motorola (MSI), Hewlett-Packard (HPQ) and Juniper Networks (JNPR) in the wireless networking equipment market as use of mobile devices explodes and companies look for better ways to manage usage growth. That was the upshot from a presentation by David Flynn, Aerohive’s chief executive, at William Blair & Co.’s annual growth stock conference in Chicago on Thursday. Aerohive is a fast-growing