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Appointment of activist investor Ralph Whitworth as Hewlett-Packard's interim chairman has raised hopes for a more 'shareholder friendly' board.
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Network Appliance, a maker of data storage-network equipment, said on Thursday that quarterly revenue fell more than its previous pessimistic forecast amid slower spending by large customers in the United States and Europe, sending shares down 21%.
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Apple shares plunged 7% in heavy trading Tuesday after a report--later denied--that cited production problems with the company's popular iPhone and iPod devices.