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Primeur weekly 2011-08-22

Exascale supercomputing

Japan plans to invest $1.3 billion to develop supercomputer ...

NVIDIA taps industry veteran Steve Scott to help shape the future of high performance computing ...

The Cloud

Regulus Communications launches Cloud resources for health information technology ...

ISGC 2012 to issue Call for Papers ...

Erlang Solutions and Massive Solutions partner to bring supercomputing to the mass market ...

Biomedical research gets its head into Cloud computing ...

HP to acquire enterprise information management software company Autonomy Corporation plc ...

Convenience store chain chooses IBM to collaborate in the Cloud ...

VMware vCloud Powered programme gains traction with service provider ecosystem, delivering customers a broad array of public Clouds compatible with VMware platform ...

VMware CEO Paul Maritz highlights benefits of Cloud computing at DISA Customer & Industry Forum ...

U.S. Government agencies embrace desktop virtualization with VMware View to accelerate their mission ...

EuroFlash

Norwegian University of Science and Technology selects SGI to take weather forecasting and national research capabilities to the next level ...

T-Platforms computer cluster is applied for simulation of biopolymers and development of the latest medicines ...

ClusterVision honours leading scientific researchers at the University of Birmingham ...

USFlash

NSF funds research to simulate geoscience field trips ...

HP confirms discussions with Autonomy regarding possible business combination ...

IBM unveils cognitive computing chips ...

Optics Express focus issue highlights research to increase Internet bandwidth capacity ...

Strain and spin may enable ultra-low-energy computing ...

SGI acquires OpenCFD Ltd., an expert in open source computational fluid dynamics (CFD) software ...

SGI reports record results for fiscal fourth quarter and full year 2011 ...

HP confirms discussions with Autonomy regarding possible business combination

18 Aug 2011 Palo Alto - HP has commented on the recent announcement by Autonomy Corporation plc. HP confirms that it is in discussions with Autonomy regarding a possible offer for the company. HP also reported that it plans to announce that its board of directors has authorized the exploration of strategic alternatives for its Personal Systems Group (PSG). HP will consider a broad range of options that may include, among others, a full or partial separation of PSG from HP through a spin-off or other transaction.

In addition, HP reported that it plans to announce that it will discontinue operations for webOS devices, specifically the TouchPad and webOS phones. HP will continue to explore options to optimize the value of webOS software going forward.

HP has issued preliminary results for the third fiscal quarter 2011, with revenue of $31.2 billion compared with $30.7 billion one year ago.

In the third quarter, preliminary GAAP diluted earnings per share (EPS) was $0.93 and non-GAAP diluted EPS was $1.10, compared with third quarter fiscal 2010 GAAP diluted EPS of $0.75 and non-GAAP diluted EPS of $1.08. Non-GAAP diluted EPS estimates exclude after-tax costs related primarily to the amortization of purchased intangible assets of approximately $0.17 per share and $0.33 per share in the third quarter of fiscal 2011 and fiscal 2010, respectively.

For the fourth fiscal quarter of 2011, HP estimates revenue of approximately $32.1 billion to $32.5 billion, GAAP diluted EPS in the range of $0.44 to $0.55, and non-GAAP diluted EPS in the range of $1.12 to $1.16. Non-GAAP diluted EPS guidance excludes after-tax costs of approximately $0.61 to $0.68 per share, related primarily to restructuring and shutdown costs associated with webOS devices, the amortization and impairment of purchased intangibles, restructuring charges and acquisition-related charges.

HP estimates full-year FY11 revenue will be approximately $127.2 billion to $127.6 billion, down from its previous estimate of $129 billion to $130 billion. FY11 GAAP diluted EPS is expected to be in the range of $3.59 to $3.70, down from its previous estimate of at least $4.27, and FY11 non-GAAP diluted EPS is expected to be in the range of $4.82 to $4.86, down from its previous estimate of at least $5.00. FY11 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $1.16 to 1.23 per share, related primarily to restructuring and shutdown costs associated with webOS devices, the amortization and impairment of purchased intangibles, restructuring charges and acquisition-related charges.
Source: HP

Back to Table of contents

Primeur weekly 2011-08-22

Exascale supercomputing

Japan plans to invest $1.3 billion to develop supercomputer ...

NVIDIA taps industry veteran Steve Scott to help shape the future of high performance computing ...

The Cloud

Regulus Communications launches Cloud resources for health information technology ...

ISGC 2012 to issue Call for Papers ...

Erlang Solutions and Massive Solutions partner to bring supercomputing to the mass market ...

Biomedical research gets its head into Cloud computing ...

HP to acquire enterprise information management software company Autonomy Corporation plc ...

Convenience store chain chooses IBM to collaborate in the Cloud ...

VMware vCloud Powered programme gains traction with service provider ecosystem, delivering customers a broad array of public Clouds compatible with VMware platform ...

VMware CEO Paul Maritz highlights benefits of Cloud computing at DISA Customer & Industry Forum ...

U.S. Government agencies embrace desktop virtualization with VMware View to accelerate their mission ...

EuroFlash

Norwegian University of Science and Technology selects SGI to take weather forecasting and national research capabilities to the next level ...

T-Platforms computer cluster is applied for simulation of biopolymers and development of the latest medicines ...

ClusterVision honours leading scientific researchers at the University of Birmingham ...

USFlash

NSF funds research to simulate geoscience field trips ...

HP confirms discussions with Autonomy regarding possible business combination ...

IBM unveils cognitive computing chips ...

Optics Express focus issue highlights research to increase Internet bandwidth capacity ...

Strain and spin may enable ultra-low-energy computing ...

SGI acquires OpenCFD Ltd., an expert in open source computational fluid dynamics (CFD) software ...

SGI reports record results for fiscal fourth quarter and full year 2011 ...