Hewlett-Packard to reduce its work force by 6,000

Article Abstract:

For the third time this year, Hewlett-Packard is planning layoffs, this time, 6,000 employees which will save the company $500 million a year. CEO Carly Fiorina forecasted around a 15% drop in the third quarter from last year, $1 billion in sales lower than what H-P anticipated. Shares, on the news fell to $24. Ms. Fiorina is pessimistice about the rest of 2001 because of the morass of world-wide consumer spending.

Labor force information, Management, Human resource management, HWP, Company personnel management

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Apple reports earnings gain but disappointing sales

Article Abstract:

Apple Computer reported third-quarter earnings of $163 million, up from $114 million in the same quarter a year ago. However, sales were lower than had been expected, coming in at $1.83 billion, higher than last year's $1.56 billion, but not meeting analysts' expectations of $1.9 billion. The shortfall was attributed to 50,000 fewer sales of iMacs than had been forecast.

Statistics, Apple Computer Inc., AAPL, Apple iMac (PowerPC-based system)

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Whether They're Coming or Going, Deal Makers Are Well Paid

Article Abstract:

Chief executive officer Michael Capellas profited from the acquisition of Compaq by Hewlett-Packard, and is also currently standing to profit if Qwest succeeds in its acquisiti on of MCI.

Acquisitions & mergers, Financial management, Communications, Broadcasting and Telecommunications, Telephone Communication, Executive changes & profiles, Personnel administration, Officials and employees, Mergers, acquisitions and divestments, Compaq Computer Corp., CPQ, Microcomputer industry, Telecommunications services industry, Telecommunications industry, Company acquisition/merger, Compensation and benefits, Appointments, resignations and dismissals, Communications industry, Capellas, Michael, Qwest Communications International Inc., MCI Inc., Company financing, HPQ, MCIP

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