Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

HP Reports Profit Loss, to Cut Salaries
Feb 19, 2009
 Printable format
 Email this Article
 Search

Hewlett-Packard Co.'s quarterly profit dropped 13%, and sales increased just 1% for the three months that ended Jan. 31. HP reported sales of US$28.8 billion for the quarter. Sales in the personal computer division fell 19% to $8.8 billion. The printer and ink division, which contributes more than 40% of HP's operating profit, reported a 19% sales loss, to $6 billion. That includes a 7% decline in supplies.

HP also said it will cut employees' pay to save money. Chief Executive Mark Hurd's base pay will fall by 20%, other executives will see their pay decline by as much as 15%, while pay for other employees will decline by as much as 5%. The company says employees will get the money back in the form of bonuses if HP performs well in the future.

Back to Daily News

 

Daily News

...........................................................

Apr 10, 2014: AGA Rangemaster Names Kathryn M. Ireland To Be North American Brand Ambassador

Apr 10, 2014: Report: Manufacturers Pay Massive Costs for Energy Inefficiency

Apr 10, 2014: Electrolux North America Honored By ADEX Design Awards

Apr 10, 2014: Panasonic Solar Cell Achieves World's Highest Energy Conversion Efficiency

Apr 10, 2014: Briggs & Stratton Social Media Contest Garners Shorty Industry Award

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows