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Aug 8, 2010

Ex-HP CEO Hurd settled with contractor-sources

SAN FRANCISCO, Aug 7 (Reuters) – Hewlett-Packard Co’s
(HPQ.N: Quote, Profile, Research, Stock Buzz) former chief executive officer Mark Hurd has reached a
legal settlement with the woman who accused him of sexual
harassment, and she has also agreed to release HP from legal
claims, according to sources familiar with the matter.

The world’s No. 1 computer maker stunned Wall Street and
Silicon Valley on Friday by announcing Hurd’s resignation,
accusing him of falsifying expense reports to conceal a “close
personal relationship” with a female contractor.

Aug 6, 2010

HP CEO resigns after sex harassment investigation

SAN FRANCISCO (Reuters) – Hewlett-Packard Co Chief Executive Mark Hurd resigned suddenly on Friday following an investigation of sexual harassment, the world’s top computer maker said.

Hurd, who has led HP since 2005, will be replaced by Chief Financial Officer Cathie Lesjak on an interim basis.

Aug 6, 2010

Chinese game firm says in talks with Apple

HONG KONG/SAN FRANCISCO, Aug 6 (Reuters) – Apple Inc
(AAPL.O: Quote, Profile, Research, Stock Buzz) is in talks to buy Chinese software maker Handseeing,
an executive at the Chinese company said on Friday, although
analysts expressed skepticism about such a deal.

It would be the iPhone maker’s first acquisition in China.

“We should have a decision in about one or two months,”
Tian Bo, Handseeing’s vice-president for operations, told
Reuters by phone. “They’re still talking about it and it’s not
quite settled yet right now.”

Aug 5, 2010

Activision outlook lags Street

SAN FRANCISCO (Reuters) – Activision Blizzard Inc (ATVI.O: Quote, Profile, Research, Stock Buzz) set a forecast for the current quarter that was below Wall Street’s targets, raising fears about its just-released title “StarCraft II” and sending shares down 6 percent in after-hours trading.

The video game publisher also reported lower-than-expected revenue for the June quarter, as new titles “Singularity” and “Blur” failed to excite consumers. The company fell short of the consensus sales estimate for the first time in the past eight quarters.

Aug 5, 2010

Activision profit tops Street, sales fall short

SAN FRANCISCO, Aug 5 (Reuters) – Activision Blizzard Inc
(ATVI.O: Quote, Profile, Research, Stock Buzz) reported a slightly better-than-expected profit,
although sales came in below Wall Street’s target, and the
video game publisher reaffirmed its outlook for the year.

Activision reported a net profit of $219 million, or 17
cents a share, in the fiscal second quarter ended June 30,
versus a year-ago net profit of $195 million, or 15 cents a
share.

Aug 4, 2010

Cash-rich Apple’s CFO may have world’s best job

SAN FRANCISCO (Reuters) – Apple Chief Financial Officer Peter Oppenheimer faces a dilemma that perhaps every finance chief wishes to have: obscene amounts of cash and nowhere to put it.

The iPhone, iPad, iPod and Mac computer maker has accumulated a cash pile that totals nearly $46 billion (29 billion pounds), the biggest cash hoard among U.S. tech companies and equivalent to one-fifth of Apple’s (AAPL.O: Quote, Profile, Research) market capitalization.

Aug 3, 2010

EA shares rise

SAN FRANCISCO (Reuters) – Electronic Arts Inc (ERTS.O: Quote, Profile, Research, Stock Buzz) reported better-than-expected results, led by sales of a World Cup soccer videogame and its fast-growing downloadable and mobile games businesses.

The videogame publisher, which has slashed costs, reaffirmed its full-year outlook, and its shares rose 4 percent after-hours on Tuesday.

Aug 3, 2010

EA results top expectations, shares rise

SAN FRANCISCO, Aug 3 (Reuters) – Electronic Arts Inc
(ERTS.O: Quote, Profile, Research, Stock Buzz) reported better-than-expected results, led by sales of
a World Cup soccer videogame and its fast-growing downloadable
and mobile games businesses.

The videogame publisher, which has slashed costs,
reaffirmed its full-year outlook, and its shares rose 4 percent
after-hours on Tuesday.

Aug 3, 2010

Analysis: Cash-rich Apple’s CFO may have world’s best job

SAN FRANCISCO (Reuters) – Apple Inc Chief Financial Officer Peter Oppenheimer faces a dilemma that perhaps every finance chief wishes to have: obscene amounts of cash and nowhere to put it.

The iPhone, iPad, iPod and Mac computer maker has accumulated a cash pile that totals nearly $46 billion, the biggest cash hoard among U.S. tech companies and equivalent to one-fifth of Apple’s market capitalization.

Jul 29, 2010

McAfee profit tops Wall Street target

SAN FRANCISCO (Reuters) – McAfee Inc, the No. 2 security software maker, reported better-than-expected profit on Thursday, lifted by growth in its consumer business.

While warning of significant headwinds due to the impact of foreign exchange, the company set a forecast for the current quarter that was in line with Wall Street estimates.

    • About Gabriel

      "I cover personal and enterprise computing, consumer electronics and video games. I joined Reuters in 2008 and I'm based in San Francisco."
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