CNBC's Jon Fortt speaks with HP Inc. President and CEO Dion Weisler about his company's deal to acquire Samsung's printing business for $1.05 billion.
The acquisition is expected to add to HP's earnings in its full year after closing, the company said on Monday, adding that Samsung will invest $100 million to $300 million in HP through open market purchases once the deal is through.
*Samsung Group has been divesting from non-core businesses. Samsung Electronics and the broader Samsung Group have been divesting from or exiting non-core businesses as part of a broader restructuring process for South Korea's top family-run conglomerate under the stewardship of de facto leader Jay Y. Lee. Samsung Electronics in 2014 decided to end its LED...
SEOUL, Sept 9- South Korean tech giant Samsung Electronics is considering selling its printer business to HP Inc, in a deal which could fetch about 2 trillion won, Seoul Economic Daily reported on Friday. HP's office in Seoul could not be reached immediately for comment. Under the watch of Samsung Electronics Vice Chairman Jay Y. Lee, Samsung Group has exited...
HP Inc. reported higher-than-expected quarterly revenue and profit as demand recovered for its notebooks.
Investors should appreciate that while HP's outlook is tough, it's gaining market share in the PC space, says Moor Insights & Strategy's Patrick Moorhead.
Aug 24- HP Inc, the hardware business of the former Hewlett-Packard Co, reported higher-than-expected quarterly revenue and profit as demand recovered for its notebooks. However, HP forecast current-quarter profit below analysts' estimates, reflecting weak sales of its printers as companies cut costs across industries. "The markets remaining challenging...
The printer industry is in decline as businesses push for more green initiatives to go paperless, says Global Equities Research's Trip Chowdhry.
Xerox's total costs declined 6 percent to $4.24 billion. This included restructuring and related charges of $71 million, less than the $100 million the company had estimated in April. Xerox said it expected one-time pretax separation costs of $175 million- $200 million, lower than the $200 million- $250 million it had estimated earlier.
The company, which is splitting into two to separate its printer and business process outsourcing businesses, took $71 million in restructuring and related charges in the second quarter, less than the $100 million it estimated in April. The company also cut its estimate for one-time pretax separation costs to $175 million- $200 million from $200 million- $250...
June 23- Xerox Corp said Jeff Jacobson, the president of its technology unit, would take over as chief executive after the company splits its business process outsourcing unit into a separate, publicly listed entity. Its business process outsourcing operations will be held under " Conduent Inc," which will be led by Ashok Vemuri. Xerox, which announced the split in...
The office workplace messaging app debuts new message buttons linked to tasks in third-party applications
But sales fell 3 percent in the quarter, hurt by a strong U.S. dollar and the closure of several stores.
CNBC's Diana Olick reports on Cubii, a company getting employees moving while working.
Tim Cook talks iPad Pro and hints at Apple's foray into the health sphere, reports The Telegraph.
Discussing Google's plan to make workplace communication easier, beating Microsoft, and the problem with legacy contracts, with Amit Singh, Google for Work President.
Antonio Neri, senior vice president and general manager at HP Enterprise Group, discusses the announcement that HP will formally divide into two publicly-traded companies by November 1.
Companies – even new ones – appear to be skipping out on capex, but that spending may just not get counted because your kid is playing with it, UBS said.
The virtual office has made communications among far-flung teams tough, but this business app lets people share data from any device.
Phone-based customer service could soon improve, thanks to this company, whose aim is to provide a better, faster call-center experience.