Tag: HP

HP pushes green goals

Posted on July 6, 2020 by - News

HP is stepping up its work on its products’ environmental sustainability

George Brasher, UK and Ireland managing director at HP, said that although the current situation was difficult, the planet was at a critical point.

“If you look at the environment, you are starting to see the impact of climate change and global warming”, he said, adding that the Black Lives Matter movement had also shown a spotlight on the ongoing inequalities in society and that the pandemic had underlined that certain groups had been the hardest hit by the virus. “Faced with these challenges, what we believe as HP is that we have to go back to our core principles to figure out how we go forward.”

The firm publishes its sustainability report every June. So far, HP has recycled more than 4.69 billion plastic bottles and removed 1,000 tonnes of packaging that was difficult to recycle. It has also kept 875 million printer cartridges out of landfill since it started working with partners in 1991 on its recycling scheme.

HP spruces up channel programme to find coronavirus

Posted on April 3, 2020 by - News

Maker of expensive printer ink, HP, has made changes to its programme to provide relief to partners impacted by the ongoing Coronavirus pandemic.

The vendor said it is implementing a predictable, flat-rate incentive programme, relaxing its compensation models and extending its deadlines for submission of proof of performance and reporting.

The big idea is to “arm” partners and help them overcome the operational and financial challenges caused by the outbreak.

COVID-19 sinks Xerox’s HP plans

Posted on April 1, 2020 by - News

Xerox has given up on its plan to take over HP citing the “global health crisis and resulting macroeconomic and market turmoil caused by COVID-19”.

The company said that all this has created an environment that is not conducive to Xerox continuing to pursue an acquisition of HP.

“We are withdrawing our tender offer to acquire HP and will no longer seek to nominate our slate of highly qualified candidates to HP’s Board of Directors. While it is disappointing to take this step, we are prioritising the health, safety and well-being of our employees, customers, partners and other stakeholders, and our broader response to the pandemic, over and above all other considerations”, the company said.

Xerox launches proxy bid

Posted on March 4, 2020 by - News

Xerox has formally launched a $34.9 billion hostile bid to acquire all outstanding shares of HP for $24 per share

The deal which is $2 per share increase above its initial offer, comprises $18.40 in cash and 0.149 Xerox shares for each HP share.

Targeted directly at HP shareholders, the unsolicited “hostile takeover” offer and withdrawal rights are scheduled to expire at 5 p.m. ET on April 21, 2020, unless it is extended.

Xerox CEO John Visentin said: “Our proposal offers progress over entrenchment” the proxy offer, which will be sent directly to HP shareholders.

HP Reinvent joins list of partner events downed by Kung-Flu

Posted on March 2, 2020 by - News

HP has moved next month’s Reinvent conference in Anaheim to later in the year over fears that coronavirus might damage its channel.

In a statement the outfit said: “HP has made the difficult decision to postpone HP Reinvent in Anaheim until early autumn. According to the World Health Organization [WHO], corona virus continues to escalate, rather than subside, with widespread implications in multiple countries and markets. We must place the well-being of our employees, our partners, and our media and industry analyst community as our number one priority.”

Xerox boosts tender offer

Posted on February 11, 2020 by - News

Xerox announced its intention to launch a tender offer on or around March 2, 2020 for the outstanding shares of common stock of HP at a price of $24 per share, which will be comprised of $18.40 in cash and 0.149 Xerox shares for each HP share.

This is a boost of what Xerox has offered in the past and according to the company is because it has been chatting to some of HP’s largest stockholders.

HP takes the bus for educational partners

Posted on January 27, 2020 by - News

The maker of expensive printer ink, HP, is taking to the road in a bus to support its education partners and get its wares in front of 25,000 students over the course of this year.

The idea is that resellers across the country can request that the bus makes a stop near them to help drum up interest from schools and educational institutions.

Neil Sawyer, channel and education director at HP, said that it hoped that increasing support for educational resellers would benefit existing partners as well as encouraging some fresh faces to get involved in the market.

Xerox tries to stack HP’s board

Posted on January 24, 2020 by - News

Xerox’s plan to stack the HP board to assist its take-over has been received with a cold hard stare by the maker of expensive printer ink.

For those who came in late, Xerox has raised the cash to take over the much bigger HP.

HP has confirmed that Xerox is planning to nominate 11 candidates to stand for election to the Company’s Board of Directors at the HP’s 2020 Annual Meeting of Stockholders.

Xerox gets cash for HP takeover

Posted on January 7, 2020 by - News

Xerox has collected $24 billion to pay for its unsolicited bid to take over printer rival HP.

In a letter to HP’s CEO Enrique Lores, Xerox boss John Visentin confirmed that the vendor has obtained financing to push through a takeover, suggesting that the loan should allay any doubts HP shareholders have over Xerox’s ability to afford the transaction.

Gloves come off as Xerox gets agressive with HP

Posted on November 29, 2019 by - News

Copy company Xerox has decided to get nasty in its bid to merge with HP and refuses to apologise for “aggressive” tactics.

Xerox said it will approach HP shareholders directly to acquire the firm several weeks after HP’s board rejected a takeover bid in excess of $30 billion.

The company’s leadership has expressed its intent to pursue “aggressive” tactics after initially setting a deadline for 25 November for which it expected HP to engage in mutual due diligence.

MPS partners help HP in growth

Posted on November 28, 2019 by - News

HP saw double-digit revenue growth in managed print services during its latest quarter, partly offsetting the company’s continued decline in supplies revenue.

HP’s recently appointed CEO, Enrique Lores, said MPS partners have been critical to the growth.

“We are getting great momentum with our channel partners in the contractual space, and this momentum is now translating into sales.”

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HP admits that Xerox has been on the blower

Posted on November 8, 2019 by - News

The maker of expensive printer ink called HP has admitted that Xerox has been on the phone about a potential buyout.

The dark satanic rumour mill manufactured a hell on earth yarn claiming that  Xerox was considering a takeover bid and HP was saying nothing.

HP has now broken its silence with a statement that confirms that the rumours were true although the relationship was still has been in contact with Xerox “from time to time”.

Canalys puts Lenovo on top

Posted on October 14, 2019 by - News

Beancounters at analyst outfit Canalys showed that Lenovo is the supreme ruler of the PC market, followed by HP and Dell.But the analyst has warned market factors are sustaining a short-term boost that could wear off as early as Q1 2020.The end of Windows 7 support in January next year and the ongoing migration to Windows 10 is one of the current factors, along with seasonal inventory stocking ahead of the key Q4 holiday season, the outfit said.

Europe was hit by the Brexit effect with the ongoing political uncertainty being blamed for customers showing caution about hardware investments. As a result shipments came in at two  percent in EMEA for Q3, which was below the global average. Apple was the only vendor to see increases in the region.

Rushabh Doshi, research director of Canalys’ mobility services said: “The PC market high is refreshing. However, there is a limit to how quickly leading vendors can ramp production. Intel remains a key bottleneck, with pressure on its 14nm CPU supply not likely to see improvement until Q1 2020. However, the Intel CPU shortage provided leading PC vendors an advantage over smaller rivals drove HP and Lenovo to their best Q3 performance to-date.

“Going forward, leading vendors will have an opportunity to further consolidate the market and squeeze smaller vendors’ market share, if the Intel supply is not able to satisfy the spike in orders.”

At the same time research from Context showed that consumers were driving demand for another hardware category, premium monitors, with home office users, gamers and creatives some of the key buyers.

Sales of monitors across Western Europe through consumer channels, retail and etail, continued to grow and were up by fore  per cent year-on-year in August.

 

 

 

Evans joins consultancy firm Consenna

Posted on September 30, 2019 by - News

Former HP and Apple bloke Trevor Evans is analyst outfit Consenna’s new managing director.

Evans has defected from the fruity cargo cult Apple where he was channel sales director for seven years.

He said: “Having built my career leading businesses for some of the world’s most respected technology companies, I have first-hand experience of the pressures and business dynamics confronted daily by customers we’re seeking to work alongside.

“In an increasingly competitive market, both goals and resources are stretched. I’ve walked in those shoes, I know the market, the key players within it, and this equips me to demonstrate how Consenna can help amplify and maximise their sales and marketing strategies.”

Evans was channel director of HPs PC group in the UK for six years.

Douglas Jeffrey will move from MD to the chairman role at Consenna.

 

 

 

 

HP buys cybersecurity virtualisation vendor Bromium.

Posted on September 23, 2019 by - News

The maker of very expensive printer ink, HP, has written a cheque for cybersecurity virtualisation vendor Bromium.

The PC and print vendor has been licensing Bromium technology for its products since 2017 for its  Sure Click web browser protection.

Andy Rhodes, global head of commercial systems at HP, said: “Security is a key competitive differentiator for HP, providing the most secure PCs and printers on the market.