Fri, Feb 24, 2017 | updated 07:12 AM IST

HP announces job cuts

Updated: Oct 14, 2016 13:40 IST

New Delhi [India], Oct. 14 (ANI) : HP Inc., one of two companies formed last year by the break-up of the old Hewlett-Packard Co., announced on Thursday that it plans to cut between 3,000 to 4,000 jobs in the next three years to trim costs, as the maker of printers and personal computers continues to struggle with a subdued market, sending its shares down 1.3 percent in extended trading.

HP, said in February it would accelerate its restructuring program and slash around 3,000 jobs by the end of fiscal 2016.

HP Chief Executive Dion Weisler said the market continued to be volatile, facing pressures and uncertainties. "Our core markets are challenged and macro economic conditions are in flux right now," Weisler said.

HP expects adjusted profit for fiscal 2017 to be USD 1.55-USD 1.65 per share. Analysts on average had expected USD 1.61 per share.

Raising its quarterly dividend by 7 percent, HP also said it would increase its share buyback program by USD 3 billion.

The company expects restructuring and other charges of USD 350 million to USD 500 million and the move is expected to generate gross annual run rate savings of USD 200 million to USD 300 million beginning in fiscal 2020, HP said.

According to research firm Gartner, worldwide PC shipments in Q3 fell 5.7 percent, eighth consecutive quarter of PC shipment decline. Gartner also said that this is longest duration of decline in the history of the PC industry.

HP shares have gained 28 percent this year up to Thursday's close (ANI)

Amsterdam [Netherlands]/Tokyo [Japan], Feb.23 (ANI): ISE 2017, the largest audio-visual and systems integration show, was held recently in Netherlands.

Full Story >>

New Delhi [India], Feb. 23 (ANI): Google has always made sure to celebrate every special affair around the globe.

Full Story >>

Mumbai (Maharashtra) [India], Feb. 22 (ANI): Microsoft's Chief Executive Officer (CEO) Satya Nadella on Wednesday announced the launch of a new skilling tool called 'Project Sangam' for Indian citizens.

Full Story >>

New Delhi [India], Feb 22 (ANI): According to Kaspersky Lab "Spam and phishing in 2016"report, about 20 percent of all spam emails in Q4 2016distributed ransomware Trojans. The Kaspersky Lab spam report also identified the following trends in 2016

Full Story >>

HP launches OMEN gaming portfolio in India

Updated: Feb 22, 2017 15:32 IST

New Delhi [India], Feb. 22 (ANI): HP Inc. launched the debut of its gaming portfolio in India - OMEN by HP, featuring an array of products built for gamers combining the latest in PC innovation, delivering power and performance to dominate competition.

Full Story >>

New Delhi [India], Feb. 22 (ANI): Optical fibre broadband service provider Spectranet on Wednesday announced their next phase of expansion in South India by launching its operations in Bengaluru.

Full Story >>

New Delhi, [India], Feb. 22 (ANI): ADDA GateKeeper, a security management platform for apartment complexes, launched a range of security measures to tighten security in large apartment complexes across most Tier I cities.

Full Story >>

Who controls your car without you knowing?

Updated: Feb 21, 2017 16:43 IST

New Delhi [India], Feb.21 (ANI): Kaspersky Lab researchers have examined the security of applications for the remote control of cars from several famous car manufacturers. As a result, the company's experts have discovered that all of the applications contain a number of security issues that can potentially allow criminals to cause significant damage for connected car owners.

Full Story >>

New Delhi [India], Feb 21 (ANI): World leader in digital security Gemalto is presenting the newest release of its On Demand Connectivity and eSIM technology for Windows 10 devices, in connection with Microsoft.

Full Story >>

New Delhi [India], Feb. 21 (ANI): In lieu of its eighth birthday on February 24, 2017, WhatsApp messenger, the instant messaging platform introduced a new update which is set to revamp the status feature.

Full Story >>

New Delhi [India], Feb 20 (ANI): NEC Corporation has announced that it has completed joint verification trials with NTT DOCOMO, Inc. using Massive Multiple Input Multiple Output (MIMO), a core technology for 5G base stations.

Full Story >>

New Delhi [India], Feb 19 (ANI): SyncNScan is a young company, which was set up by ex-Microsoft leaders and they were pioneers in introducing anti-virus for mobile devices.

Full Story >>

New Delhi [India], Feb. 17 (ANI): Ericsson introduced a 5G platform for the needs of the first movers in 5G. Communications are rapidly moving toward data-heavy applications like Virtual Reality and Augmented Reality everywhere.

Full Story >>

New Delhi [India], Feb. 17 (ANI): Aeris Communications' 'AerCloud' is an IoT cloud platform for collecting, managing and analysing sensor data for Internet of Things (IoT) and machine-to-machine (M2M) applications.

Full Story >>

New Delhi [India], Feb. 17 (ANI): Oracle India on Thursday announced that Oracle Management Cloud service has provided Indian companies with smarter insights and swifter action, thereby eliminating slow transactions.

Full Story >>

New Delhi [India], Feb 16 (ANI): LeEco, the internet and technology conglomerate's second generation Superphones Le2 (3+32) and Le Max2 to be a star attraction on popular e-commerce platform, Snapdeal during their Exchange Offer Days between February 16 to 18.

Full Story >>

New Delhi [India], Feb 16 (ANI): Kaspersky Lab on Thursday announced the

Full Story >>

New Delhi [India], Feb 16 (ANI): Leading provider of customer experience

Full Story >>

New Delhi [India], Feb 16 (ANI): As per the International Data Corporation (IDC) India Q4 2016 smartphone market report, Lenovo has emerged as the second best smartphone brand in CY 2016 with 8.9 percent and 9.8 percent market share by volume and value respectively.

Full Story >>

Gift-giving made easier this Valentine's Day

Updated: Feb 14, 2017 13:26 IST

New Delhi [India], Feb. 14 (ANI): For those who are struggling for ideas to gift to their other half on the big day of love, the ''Valentine's Day', here are some latest tech savvy gift ideas, from smart devices to gadgets put together for him and her:

Full Story >>