Tag Archives: hpq

IBM Exits Low-End Server Business With Sale To Lenovo

IBM (IBM) announced Thursday an agreement to sell its low-end hardware server business to China’s Lenovo for $2.3 billion, a move that could put pressure on Hewlett-Packard (HPQ). Lenovo will acquire IBM’s x86 server business, which generated about $4.68 billion in sales in 2013. IBM is selling the business for $2.07 billion in cash and the rest in Lenovo stock. Lenovo is traded on the Hong Kong Stock Exchange and also over-the-counter in the U.S.

EMC Seen Tough Target Of Data Storage Startups

Data storage startups aim to take market share from Dell’s (DELL) Compellent subsidiary, Hewlett-Packard (HPQ) and NetApp (NTAP), but they generally view EMC (EMC) as a tougher target, says Piper Jaffray. Analyst Andrew Nowinski, who rates EMC stock overweight, in a research report Thursday says he recently met with executives of seven “next-generation” storage companies: privately held Pure Storage, Nimbus, Tintri, Tegile, Nutanix, Nexenta and

Google, HP Officially Recall Chromebook 11 Chargers

Google (GOOG) and Hewlett-Packard (HPQ) have officially recalled their HP Chromebook 11 power supply chargers due to fire and burn hazards. The announcement, made through the U.S. Product Safety Commission on Tuesday, warned consumers that “the computer’s charger can overheat and melt, posing fire and burn hazards” and that the unit should be replaced. The agency says consumers should contact Google for a free replacement charger. The CPSC says