First Read begins your morning with news that Google is launching a donation-matching campaign to [...]Continue
First Read ushers in your morning with news that Hewlett-Packard formally files plan to split [...]Continue
Former Hewlett-Packard CEO Carly Fiorina, who announced her candidacy for president this week, pledged to [...]Continue
Peter Jobse, president and CEO of The Center for Innovative Technology, said he will step down at the end of the year. Prior to joining CIT, Jobse worked at EDS and was a founder of ArcSight, which was later acquired by Hewlett-Packard. He first came to CIT in October 2002 as an executive vice president and chief operating officer.Continue
In Second Opinion, Uber is close to raising a financing round that values it at [...]Continue
This morning's First Read brings another round of charges aimed at big banks, Oaktree names [...]Continue
Hewlett-Packard Co (HPQ.N) said it would split into two listed companies, separating its computer and [...]Continue
First Read tracks the continued fall of the price of bitcoin, the great H-P split [...]Continue
Proteus Digital Health has received $120 million in funding from unnamed investors. In addition to the funding, the firm has named Steve Fieler as CFO and added Jonathan Symonds to its board of directors. Fielder is a former CFO at Hewlett-Packard while Symonds is the chairman of HSBC Bank Plc and the former CFO of Novartis AG. Headquartered in Redwood City, Calif., Proteus Digital Health is a digital medicine firm.Continue
To take you into this Memorial Day weekend, First Read has news that dry powder [...]Continue
A new incubator/seed fund called Expa Capital has raised $50 million from a Who's Who [...]Continue
Well, if there’s anyone that could successfully extract value from used-up old handset makers, it would be private equity…Continue
(Reuters) – Facebook Inc. priced its initial public offering at $38 a share, giving the world’s No. 1 online social network a $104 billion valuation in the third largest offering in U.S. history.Continue
Lane’s new role as executive chairman at Hewlett-Packard stirred up concern at Kleiner Perkins with some partners unhappy over his dual responsibilities.Continue
(Reuters) – Hewlett-Packard Co is looking to sell Palm’s webOS mobile software platform, a deal that could fetch hundreds of millions of dollars but less than the $1.2 billion that HP paid last year, four sources close to the matter said. Advised by Bank of America Merrill Lynch, HP is trying to figure out how […]Continue
Listed, Calif.-based Hewlett-Packard has scaled back or eliminated several parts of its corporate venture capital investment structure, said multiple sources who spoke with peHUB. Further, our sources said, the company is likely to make an announcement within the next two weeks regarding potential M&A plans and other organizational shifts for H-P as the company tries […]Continue
The bodies are piling up in the boardroom.
Last night, Hewlett Packard stock soared on speculation that the board may oust Léo Apotheker, its CEO of nearly a year, and perhaps replace him with Meg Whitman, the former CEO of eBay and former candidate for governor of California. (Update: HP made it official today, announcing that Whitman is its new CEO.)Continue
(Reuters) – The bubble in mobile phone technology patent values may just have popped.
Now that Google Inc. has agreed to a $12.5 billion deal to buy Motorola Mobility Holdings Inc. — scooping up a trove of 17,000 phone-related patents to give itself some ground to defend its Android operating system — the most motivated buyer looks to be off the market.
“The game is completely changed as a result of Google’s acquisition of Motorola Mobility. The arms race is essentially over,” said John Amster, chief executive of RPX, a company that advises customers on patent purchases. “They have basically created through acquisition what they needed.”
Google’s move was widely seen as a response to its loss in the auction of 6,000 Nortel patents to a group led by Microsoft Corp., Apple Inc. and Research in Motion, which fetched an unprecedented …Continue