Hewlett Packard Enterprise is set to reduce its staff count by about 10%, with the cuts beginning before the end of the year.

Fujitsu is spinning out its PC and smartphone businesses into separate companies from the start of February 2016 in a move which the company says has been forced on it by commoditisation and competitive pressures in both markets.

Hewlett Packard has suffered a hit in its enterprise services business, with a significant drop in revenue for the division in the April quarter.

HP, the giant systems company that is now bigger than IBM, is splitting itself in half. Slightly smaller than half, actually - 5000 jobs will go.

Multinational technology firm Hewlett-Packard announced a rare acquisition overnight - business cloud computing company Eucalyptus.

HP has had a bad couple of years. The company has lost billions through bad investments and market reversals and its Australian arm has just reported a disastrous loss.

In a series of major announcements, wounded enterprise computing giant HP is hoping to regain its technological lead in the data centre.

Ailing industry giant HP has announced a major shuffle of its top management and announced mixed third quarter financial results.

Hewlett-Packard was in a wobbly financial state when Meg Whitman took over as CEO 20 months ago but now the company is financially stable and ready to deliver a ‘new style of IT’ the former eBay boss told a packed audience in Beijing today.

HP has released its quarterly results. After losing US$8 billion last quarter it has taken another US$6.9 billion hit this quarter.

HP’s troubles continue. Indeed, they are getting much worse.

HP will need to develop its own smartphone to stay competitive, says CEO Meg Whitman. In a wide-ranging interview with Fox Business News, she said that the smartphone is a major computing device, especially in developing countries.

Last week HP announced a record $9 billion quarterly loss. That’s about the amount generated by the Ethiopian economy (population 84 million) during the same period.

When top PC maker HP announced it was considering the idea of divesting that part of its business, many people were surprised. But the company has decided that was a bad idea after all.

As rumours swirled that Leo Apotheker was to be replaced as HP CEO, shareholders signaled their approval, delivering a 7 per cent hike in the share price. By the time it was confirmed that HP board member Meg Whitman would step into the CEO shoes, shareholders sent the share price down 5 per cent, almost erasing the previous day's gains.

After just 12 months at the helm of the world's largest computer company Hewlett-Packard, CEO Leo Apotheker has been axed and replaced with former eBay boss Meg Whitman. Formerly from SAP, Apotheker had presided over a year of turmoil at HP which saw widespread layoffs, department heads replaced, WebOS products dumped, a planned sell-off of the PC business and a plummeting stock price.

Leo Apotheker's term at the helm of HP may prove a short one. The company's share price has spiked on reports that the company's board is considering his replacement.