HP hires Goldman to guard against activists

 

Concerned about pressure.

HP has hired Goldman Sachs to help the company defend itself against possible activist investors who could push for change at the Silicon Valley company, the Wall Street Journal reported, citing people familiar with the matter.

HP has felt vulnerable to possible activist investor pressure amid questions about the company's performance and strategic direction, WSJ cited the people as saying.

Last week, the company named former eBay chief executive Meg Whitman its president and CEO, replacing the harshly criticised Leo Apotheker in an attempt to restore investor confidence.

Hewlett-Packard and Goldman Sachs spokespersons declined to comment.

(Reporting by Arpita Mukherjee in Bangalore; editing by Andre Grenon).


HP hires Goldman to guard against activists
 
 
 
Top Stories
Five zero-cost ways to improve MySQL performance
How to easily boost MySQL throughput by up to 5x.
 
The big winners from Defence’s back-office IT refresh
Updated: The full list of subcontractors.
 
Tracking the year of CIO churn
[Blog post] Who shone through in 12 months of disruption?
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Which is the most prevalent cyber attack method your organisation faces?




   |   View results
Phishing and social engineering
  68%
 
Advanced persistent threats
  3%
 
Unpatched or unsupported software vulnerabilities
  11%
 
Denial of service attacks
  6%
 
Insider threats
  12%
TOTAL VOTES: 1001

Vote