The Dow Tech Stock Rollercoaster Ride This Week
Hewlett-Packard Company (NYSE:HPQ): Current price $20.15
Once again, Hewlett-Packard’s board is in trouble with investors, as Chairman Ray Lane and three other board members intend to meet with around 20 of the company’s big investors Monday, hoping to deal proactively with a campaign to unseat Lane and two other directors. This irregular move comes a month prior to HP’s 11-member board standing for re-election, while investors are frustrated by a series of errors at the top of the firm, among which include an $11 purchase of the United Kingdom software firm Autonomy Corp. that was approved on Lane’s tenure and then largely written off.
HP Enterprise Services said that the Department of Vermont Health Access has approved a $48 million contract through which to continue its 31-year relationship with HP as the state’s Medicaid fiscal agent. The new four-year accord includes services that help the state in reaching its healthcare reform targets. HP also will upgrade provider call-center tech, which will enhance customer service by lowering hold times and dropped calls, along with improving the efficiency of call routing and to increase business-continuity capabilities.
HP Enterprise Services announced that Telefonica Vivo, which is the biggest mobile operator in Brazil, is employing HP tech to step up its debut of new mobile services to millions of subscribers. Telefonica Vivo recently adopted the HP Mobile Subscriber Activation Solution, which forms part of the HP Operations Support System portfolio, so as to help attain its target of reducing time-to-market for activation of 3-gigabyte mobile and 4-gigabyte long-term evolution users.