PC Group Buoys HP Earnings
Hewlett-Packard posted first-quarter revenues of $17.9 billion, a 1 percent drop from the $18 billion it garnered in the fourth quarter.
HP—still working to integrate Compaq into the fold—saw its PC division earn $33 million in the quarter ended Jan. 31, a strong turnaround after a fourth quarter in which the Personal Systems Group lost $68 million. Revenue in that division was $5.1 billion, a 2 percent rise from the previous quarter.
"HP is making good progress against the backdrop of a challenging environment," Chairman and CEO Carly Fiorina said during last weeks earnings call.
Fiorina said that HP regained the top PC vendor spot in the fourth quarter and that it grew its top share of overall server shipments to 30 percent. She said HP saved $734 million because of the integration of Compaq, up from $482 million the previous quarter.
PowerCockpit Joins Lineup
Mountain View Data, which provides server management and network storage software, has bought Turbolinuxs PowerCockpit for an undisclosed sum. PowerCockpit is a solution for deploying and provisioning software and for managing groups of Linux and Windows PC and blade servers over a network and in grid computing environments.
This move follows Turbolinuxs announcement last August that it had sold its Linux software business to Japanese software group Software Research Associates. Turbolinux became a division of SRA.
Divine Files for Bankruptcy
Just one week after announcing it was exploring strategic options that included bankruptcy, Divine formally declared bankruptcy last week (see related story, Coming Back to Earth).
The e-business software company filed a voluntary petition to reorganize under Chapter 11 of the U.S. Bankruptcy Code.
Company officials said the action was taken to protect the value and viability of Divines operations while it works to restructure its liabilities. Divine is also hoping the Chapter 11 filing will bring a faster and more favorable resolution to the recent Chapter 11 filing of its RoweCom subsidiary.