HP

Gartner released a new forecast that predicts the information technology spending to grow faster this year than previously expected. The growth will be boosted by strong demand for new telecom gear and for computing hardware, research firm Gartner said.

The research agency believes that the global IT market will growth by 7.1% this year to $3.672 trillion. It had earlier forecast 5.6 percent growth this year.

Hewlett-Packard launched a lawsuit against Oracle over Oracle’s decision to terminate developing software for Intel's Itanium processor, the chip used by HP in its high-end servers.

In its filing HP alleges that Oracle's March 22 decision to discontinue all future software development for Itanium violates "legally binding commitments" that Oracle made to HP and the companies' 140,000 joint customers.

Hewlett-Packard Co cut its 2011 earnings forecast while its rival Dell Inc reported another profit growth.

HP CEO Leo Apotheker vowed to invest heavily on hiring and expanding its services division -- everything from computer maintenance to consulting -- to recover from "missed opportunities" under predecessor Mark Hurd.

However, it did little good to the company shares which dropped more than 7% as investors fear that costs that had been previously controlled under Hurd would balloon and erase profits.

Hewlett-Packard Co. filed a suit against the employee of Oracle Corp. who previously worked as a sales executive in HP. According the hi-tech giant Adrian Jones stole the company secrets and joined the competitive company.   

HP demonstrated a new series of devices on webOS platform including a tiny smartphone Veer, business phone the Pre3 and its first Palm tablet HP TouchPad.

13mm thick HP TouchPad features an iPad-esque 9.7-inch capacitive multitouch display, 1.3-megapixel front-facing webcam, 1.2GHz ARM-based Qualcomm dual-core processor, 802.11b/g/n Wi-Fi, and stereo speakers. The tablet comes with 16GB and 32GB of storage. It can do video calling and is specifically designed for multitasking.

Hewlett-Packard plans to show its first PCs in slate form-factor based on webOS early in February this year. The same date the company plans to unveil other tech innovations and devices.

According to the latest reports Hewlett-Packard Co will introduce smartphones in early 2011 using the webOS software it acquired through its $1.2 billion Palm buy earlier this year.

"You will see us coming early next year with new phones," Senior Vice President Eric Cador told an industry conference.

With the acquisition of Palm the company wanted to enter the fast-growing smartphone industry and get access to Palm's acclaimed webOS operating system.

Microsoft has confirmed that on October 11, 2010 it will launch Windows Phone 7 with an even to be hosted this day. The event will take place at 3:00 pm at the software maker's Technology Center in midtown Manhattan, New Yok.

Meantime, Windows Phone 7 devices, from a list of Microsoft partners that includes HP, Samsung, LG, Toshiba, and Sony Ericcson, are expect to go on sale about a month later, according to industry reports.

Fall is the time digs are leaving for colleges and universities. 

So the need to replace desktop for some 15in notebook arises.

Hewlett-Packard has affirmed it has agreed to buy ArcSight, a cybersecurity company, for $1.5 billion in cash.

This deal is anticipated to be closed by the end of the calendar year.

The stock has added about 24% in value since The Wall Street Journal reported that company had put itself up for sale on August 26.
 

Hewlett-Packard has come to a settlement agreement with the US Department of Justice to pay the US government US$55 million. The fine comes as HP allegedly defrauded the U.S. General Service Administration and other agencies by paying kickbacks to systems integrators in exchange for recommendations that agencies purchase HP products.

Apart from this, the settlement also resolves government claims that a 2002 contract HP had with the GSA was defectively priced because the company provided incomplete information to GSA contracting officers during negotiations, the DOJ said.

This holiday season Microsoft is making its another effort to firm its position at the mobile phone market with the launch of Windows Phone 7 phones. According to the estimates of the analysts and experts Microsoft could spend a half-billion dollars or more in marketing costs and payments to developers and handset manufacturers to subsidize the expense of building phones and apps, so that the Windows Phone 7 ecosystem is well-seeded at launch, as noted by the TechCrunch blog.

Digital River, Inc. a known provider of global e-commerce solutions has announced the appointment of Alfred J. Castino to its board. Previously Castino worked as CFO of both Virage and Rightpoint; as vice president and corporate controller of Chiron; and as manufacturing controller at Wyse Technology. Prior to 1980, he held assistant vice president and auditor positions with Bank of America, Deloitte and Touche, and Arthur Andersen.

The most recent place of work was Autodesk (2002-2008), PeopleSoft, Sun Microsystems and HP.

Now owners of old model mobile phones with no Internet support will be able to access online content and make transactions on the web. HP Labs India has developed a new cloud-based technology dubbed SiteonMobile that simplifies web access. Instead of directly navigating the web users may get the necessary information via SMS or IVR system.

Having joined the choir of vendors which are planning to produce a computer tablet LG followed HP sample and discarded Windows 7 as a platform for its device. LG decided to built its tablet on a mobile OS.

According to the latest reports LG plans to manufacture tablets on the Android mobile OS. The table will run Android 2.2 and is projected to be available by the end of 2010.