spacer
spacer spacer spacer spacer spacer spacer spacer spacer
spacer
spacer
spacer
. spacer .
spacer




.
spacer
Tweet
spacer
HP stock sinks with slow turnaround
by Staff Writers
San Francisco (AFP) Oct 3, 2012
spacer
Motorola buys face-recognition firm Viewdle
New York (AFP) Oct 04, 2012 - Mobile phone-maker Motorola said Wednesday it had purchased facial recognition firm Viewdle for an undisclosed amount.

"Motorola Mobility today announced that it has acquired Viewdle, a leading imaging and gesture recognition company," Motorola said in a statement.

"Motorola and Viewdle have an existing commercial agreement and have been collaborating for some time," it added.

The Silicon Valley-based Viewdle produces applications for photo management, gaming, networking and marketing, and has operations in Europe and South America, according to its website.

Motorola was purchased by Internet giant Google for $12.5 billion last year.


Hewlett-Packard stock sank to a 10-year low Wednesday after its chief said it would take time to turn around the company that built its fortune on printers and computers.

An analyst day at the company's headquarters in Northern California opened with HP boss Meg Whitman laying out her vision for reviving HP and projecting earnings for the year that fell far short of previous expectations.

HP shares plunged 12.96 percent to end at $14.91 on the New York Stock Exchange, the lowest since November 2002.

"HP has a powerful set of assets, a culture of engineering innovation and a trusted brand," Whitman said in a release.

"Now, we have to focus on bringing our incredible assets together to deliver for our customers, employees and shareholders."

Whitman told analysts that HP made progress during the past year stabilizing the business, which has been thrown off balance by changes in leadership, and that a foundation was laid for a "multiyear turnaround."

HP said its focus includes capitalizing on trends in data security and shifting computing into the Internet "cloud."

HP is on track to complete its restructuring by the end of 2014 and its revenue would be growing in line with the US gross domestic product by 2016, according to Whitman.

HP anticipated revenue for fiscal 2013 would decline during what Whitman referred to as a "fix and build year."

The company said its profit for the fiscal year would be between $3.40 and $3.60 per share, far below analyst expectations of $4.18 a share.

The market reaction was brutal and Brian White of Topeka Capital markets called the new outlook a "bomb" from the world's biggest PC maker.

"Given this weak outlook, the stock is selling off, but we believe there remains more downside potential," White said, pointing out that HP's key segment in PCs and printers faces "negative secular trends."

Despite Whitman's turnaround efforts, Amit Daryanani at RBC Capital Markers said that "in the near-term, things will get more challenging before they get better."

HP announced last month that its job cuts under a major restructuring program will total some 29,000, or 2,000 more than previously estimated.

In a regulatory filing, HP said the cuts will be made through its 2014 fiscal year.

The cuts are part of an effort by Whitman, who took the reins at HP a year ago, to turn around a giant company hurt by a shift away from traditional PCs.

HP on Monday took aim at "post PC" workplaces with a business-oriented tablet computer powered with new Windows 8 software by Microsoft.

The ElitePad 900 was to be available in the United States in January, with pricing details revealed closer to its release date.

Related Links
Space Technology News - Applications and Research

Tweet



.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




Nokia might sell HQ: report
Helsinki (AFP) Oct 03, 2012 - Struggling Finnish mobile phone manufacturer Nokia might sell its headquarters on the outskirts of Helsinki, a senior company official was quoted as saying on Wednesday.

"We are exploring different options for our property assets. This includes a possible sale of our headquarters," Nokia's financial director Timo Ihamuotila told the Finnish daily Helsingin Sanomat.

"However we have no plans to move our head office," he added.

The sale of property by a company which then rents the same assets from the buyer is a well-established strategy used by companies needing to raise cash.

Nokia, once the leader in mobile phones, has been losing market share as consumers move to smartphones powered by Apple's iOS or Google's Android operating system.

It has tied its future to using Microsoft's Windows Phone smartphone operating system, but has yet to produce a major hit with consumers.

The company, in the midst of a major restructuring plan, posted a net loss of 1.4 billion euros ($1.8 billion) in the second quarter of this year, but had a cash pile of more than 4.0 billion euros.

The company built its steel and glass "Nokia House" head office on the coast in the Helsinki suburb of Epsoo in the 1990s when it was enjoying spectacular growth.

The Finnish daily Ilta-Sanomat said without citing sources that the building is worth between 200 million and 300 million euros.



.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

spacer
Share this article via these popular social media networks
spacer
spacer del.icio.us spacer Digg spacer Reddit Google

spacer


spacer
spacer Smartphones control smart homes at Asia tech fair
Makuhari, Japan (AFP) Oct 2, 2012
Homes where every device is linked up and can be controlled by smartphone were touted in Japan on Tuesday when Asia's biggest tech fair threw open its doors. Manufacturers said more and more items - from ovens to cars - were now able to integrate thanks to better wireless technology, offering convenience and the chance to save energy. More than 600 companies are showcasing cutting-edge ... read more


spacer
HP stock sinks with slow turnaround

Malaysia hearing on Australia rare earths plant postponed

Ancient stinging nettles reveal Bronze Age trade connections

Probing the mysteries of cracks and stresses

spacer
Raytheon to provide Joint Tactical Terminal radios with latest security features to US Navy

Northrop Grumman Awarded Contract to Extend BACN Communications Connectivity to the Tactical Edge

Hughes Awarded Custom SATCOM Solutions Contract by GSA

4 SOPS begins testing newest AEHF satellite

spacer
Ariane rocket launches two telecom satellites

California Governor Signs the Spaceflight Liability and Immunity Act

Processing is underway with the next Automated Transfer Vehicle to be orbited by Arianespace

Fueling underway with the Galileo satellites for next Soyuz launch from French Guiana

spacer
Northrop Grumman to Improve Performance of MEMS Inertial Sensors for DARPA

Lockheed Martin Delivers Propulsion Core for the First GPS III Satellite

China launches another 2 navigation system satellites

Improved positioning indoors

spacer
S. America aviation grows in Olympics boom

Brazil expects a better jet fighter deal

Hummingbirds make flying backward look easy

Brazil to delay jet decision until 2013, no favorite

spacer
New method monitors semiconductor etching as it happens - with light

New method monitors semiconductor etching as it happens - with light

Oscillating microscopic beads could be key to biolab on a chip

Japan Inc. comes together to save Renesas: report

spacer
Apple CEO sorry for maps shortcomings

China may toughen laws on 'illegal' mapping: state media

Radar altimetry gains altitude in Venice

Knight Foundation invests to accelerate data projects

spacer
Remarkable enzyme points the way to reducing nitric acid use in industry

Solving the stink from sewers

Measuring mercury levels: Nano-velcro detects water-borne toxic metals

Indonesian lives risked on 'world's most polluted' river


spacer
Tempur-Pedic Mattress Comparison

SPACE MEDIA NETWORK PROMOTIONS
Solar Energy Solutions
Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement

gipoco.com is neither affiliated with the authors of this page nor responsible for its contents. This is a safe-cache copy of the original web site.