HP - Alcoa, Freeport-McMoRan fall; Williams-Sonoma, Ford rise, Monday, 9/25/2023



Hewlett-Packard, commonly known as HP, is a multinational technology company headquartered in Palo Alto, California. The company was founded in 1939 by Bill Hewlett and Dave Packard in a garage in Palo Alto. HP is one of the largest technology companies in the world and is one of the pioneers in the technology industry. Over the years, HP has diversified and expanded its portfolio from printers, personal computers, and servers to software, cloud computing services, and other IT services.

History

Bill Hewlett and Dave Packard met each other in 1934 while studying electrical engineering at Stanford University. They started working together and produced their first product, an audio oscillator, in 1939. This product became popular among musicians and was used to test sound systems. The company was incorporated as Hewlett-Packard in 1947 and went public in 1957.

In the early years, HP was focused on producing high-quality electronic products such as oscillators, signal generators, and counters. However, in the 1960s, the company expanded into the computing industry with the HP 2116A, a computer designed for scientific and engineering applications. In 1966, HP released the HP 2100A, which was a smaller and more affordable version of the HP 2116A.

In the 1970s, HP had become a major player in the computer industry, and by the end of the decade, the company had developed the HP 3000, a mainframe computer. In the 1980s, HP introduced a series of personal computers and laptops, including the HP-150, which was one of the first computers to feature a touch screen.

In the 1990s, HP experienced a period of significant growth, and the company expanded into new areas such as digital cameras and scanners. In 1999, HP merged with computer manufacturer Compaq, which made HP the largest personal computer manufacturer in the world at that time.

In the 2000s, HP continued to grow and diversified its portfolio to include printers, software, and IT services. In 2008, HP became the first technology company to surpass $100 billion in revenue. However, the company faced challenges in the following years, including the departure of several CEOs and the decision to spin off its PC and printer businesses into separate companies.

Products and Services

HP has a diverse portfolio of products and services catering to various industries, including personal computers, printers, software, and IT services.

Personal Computers

HP offers a wide range of personal computers, including desktops, laptops, 2-in-1 laptops, gaming computers, and workstations. Some of the popular products in this category include the HP Spectre, the HP ZBook, and the HP Omen.

Printers

HP is one of the leading manufacturers of printers and printing equipment in the world. The company offers a wide range of printers, including laser printers, inkjet printers, and all-in-one printers. HP also offers printing services such as managed print services and print security services.

Software

HP offers a range of software solutions, including operating systems, security software, and management software. The company also offers software for businesses, such as enterprise security solutions and IT management software.

IT Services

HP offers a range of IT services, including consulting, outsourcing, and support services. These services are designed to help businesses of all sizes manage their IT infrastructure more effectively.

Cloud Services

HP provides cloud computing services through its HP Helion offering, which includes public, private, and hybrid cloud solutions. The company’s cloud services are designed to help businesses improve their agility, reduce costs, and enable faster innovation.

Corporate Responsibility

HP is committed to corporate responsibility and sustainability. The company has set goals to reduce its greenhouse gas emissions and improve the energy efficiency of its products. HP also has a program to promote the responsible sourcing of materials in its products and has made efforts to reduce the use of hazardous chemicals in its manufacturing processes.

In addition, HP has a strong commitment to social responsibility and has launched a number of initiatives to support education, entrepreneurship, and economic development in underserved communities. The company has also established a program to encourage its employees to volunteer in their local communities.

Conclusion

HP is one of the largest technology companies in the world and has a diverse portfolio of products and services. Founded in 1939, the company has a long history of innovation and has been at the forefront of the technology industry for decades. HP is committed to corporate responsibility and sustainability and has launched numerous initiatives to support education, entrepreneurship, and economic development in underserved communities. Through its products, services, and initiatives, HP is making a positive impact on the world.


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Futures flat ahead of debt ceiling talks, data

Reuters

23-05-16 09:58


US stock index futures were expected to be flat on Tuesday as the results from critical debt limit talks and retail sales data are due. Traders have been restrained in their approach amid a White House-Republican disagreement on whether the $31.4tn government debt ceiling is to be raised or not following the deadline looming in just two weeks. With the recent data indicating a slowing down of the US economy, the Federal Reserve has been questioned over its restrictive monetary policy as well as an expected slow phase in the central banks hiking cycle. Stock futures for Capital One Financial Corp rose by 6.8% ahead of the market opening.

https://www.reuters.com/markets/us/futures-flat-ahead-debt-ceiling-talks-data-2023-05-16/
India Launches $2 Billion Drive to Woo Laptop Makers Like Apple

Bloomberg

23-05-17 10:05


India has launched a $2bn incentive programme aimed at drawing manufacturers of laptops, tablets and other hardware to the country and strengthening its position as a global manufacturing hub. Prime Minister Narendra Modi capitalised on the success of Apple’s local assembly operations to pitch India’s new programme. China's trade war with the US and COVID-19 policies have prompted companies to weigh other options beyond China, with some looking towards India for investment.

https://www.bloomberg.com/news/articles/2023-05-17/india-launches-2-billion-drive-to-woo-laptop-makers-like-apple?srnd=next-china
Want to know how Hamilton police used its $279K armoured rescue vehicle? It'll cost you over $5K

CBC

23-05-18 16:20


Hamilton Police Service (HPS) has not tracked usage of a 15,000lb “armoured rescue vehicle” since its purchase completion 10 years ago. At a cost of $279,180 to taxpayers, the HPS truck has never been quantified for its number of trips, the events attended, location of deployment, or why the vehicle was used. When asked for this information, the HPS freedom of information unit said that insofar as they knew, the vehicle had made at least 1,000 trips, but could not give a precise figure. The unit did claim 10,000 hours of work would be required to collate the data paying staff beyond the $5,060 it estimated. However, some researchers claim that HPS would keep a “simple log” of the truck’s records, expecting it to be used and maintained. HPS also failed to provide usage numbers for parts or maintenance costs from 2012 to clarity maintenance requirements and cost.

https://www.cbc.ca/news/canada/hamilton/armoured-rescue-vehicle-1.6845169
US debt ceiling action switches to Congress

Financial Times

23-05-28 17:19


Turkish voters are on course to return President Recep Tayyip Erdogan for a new five-year term. The president's ruling AK Party and its nationalist ally the MHP together appear to have won first-round parliamentary elections with more than 50% of the vote, according to partial results. The vote, which had a turnout of 86%, now hands Erdogan sweeping new powers. Meanwhile US president Joe Biden has reached a deal with Republican House of Representatives Speaker Kevin McCarthy to help avert a catastrophic debt crisis, due to hit next month. Despite the agreement, there is still political resistance to be overcome, inside both the Republican and Democrat parties. If Biden can get the deal through the House and the Senate, the rest of the world will have to brace itself for the flood of US debt that will be forthcoming.

https://www.ft.com/content/eaba0ddd-0e6a-4759-9c40-1e4d977e9978
Mike Lynch uses $50mn in Darktrace shares to secure US bail

Financial Times

23-05-30 14:52


Mike Lynch, the founder of UK software group Autonomy, has used $50m worth of shares in British cybersecurity firm Darktrace to pay bail on charges of fraud in the US. Lynch was extradited earlier this month to face 17 charges including conspiracy to commit wire fraud and securities fraud. The British entrepreneur has posted around 14.6 million shares, around half his holding, and the shares are now frozen by the US court. Lynch, who has denied all claims, has also entered a not guilty plea.

https://www.ft.com/content/43594ced-415f-4bcc-a8ef-4fdbbf8a63b3
Futures dip ahead of debt ceiling deal vote

Reuters

23-05-31 09:59


US stock index futures dipped as lawmakers prepared to vote on a deal to raise the national debt ceiling. Shares in technology firms took a hit, with Hewlett Packard Enterprise and HP Inc both missing quarterly revenue targets, and Nvidia falling slightly a day after hitting a record high and gaining a market value of $1tn.

https://www.reuters.com/markets/us/futures-dip-ahead-debt-ceiling-deal-vote-2023-05-31/
ASX set to slide as Wall Street falls on economic, inflation worries

The Sydney Morning Herald

23-05-31 19:25


The Dow Jones slipped 0.4%, the S&P 500 lost 0.5% and the Nasdaq composite was 0.6% lower as Wall Street retreated amid increasing concerns about inflation and a weakening global economy. The world's second-largest economy, China, released discouraging data about manufacturing adding to worries. The US Federal Reserve has been raising rates rapidly over the last year, while data on Wednesday saw manufacturers in the US reporting poor results. Analysts believe that either inflation or economic activity needs to lose the race to the bottom for the other to survive, or the US economy risks heading into recession.

https://www.smh.com.au/business/markets/asx-set-to-slide-as-wall-street-falls-on-economic-inflation-worries-20230601-p5dd08.html
Taiwan’s supply chain centrality and Nvidia’s ‘rock star’ CEO

Financial Times

23-06-01 07:22


Taiwan’s position in the global supply chain is more significant than its production of semiconductors, according to a senior executive at Compal Electronics, a major assembler for Apple. They have claimed it underestimates Taiwan’s pivotal role, particularly due to the constraints that could come from a potential conflict in the Taiwan Strait. In a collaboration between Nikkei and the Financial Times, it has been explored how the US and China’s tension with Taiwan has deepened its vital importance, dependent on a critical interdependence between the three. The tech supply chain’s complexity was illustrated through months of ground reporting and interviews, analysing data on bilateral trade and supplier details. The supply chains’ dependency, whether on device assembly and testing or contract/ODM manufacturers, risks a systemic collapse if there is military interference with Taiwan. At Computex Taipei tech expo, Jensen Huang, Nvidia founder and CEO, spoke on generative AI and was treated like a rock star by Taiwan. Huang said that China will be nurturing its own GPU companies in response to existing US restrictions on the exports of semiconductor technology, as Nvidia works hard to remain ahead with their ultra-advanced graphic processing units.

https://www.ft.com/content/fa44ff74-4017-4c86-8442-5831f9c276cd
Exclusive: Taiwan's Acer ships computer hardware to Russia after saying it would suspend business -data

Reuters

23-06-08 13:31


Taiwanese computer manufacturer Acer shipped over $70.4m of computer hardware to Russia between April 2022 and March 2023, according to customs data, despite telling shareholders it would suspend business there due to “recent developments” following the Russian invasion of Ukraine. The data shows equipment produced by Acer was supplied to Russia through its wholly-owned Swiss subsidiary, while no items exported were subject to sanctions by Taiwan or Switzerland at the time. Acer accounted for 18.5% of all personal computers sold in Russia in Q4 2021, with Dell and HP accounting for 20.8%.

https://www.reuters.com/technology/taiwans-acer-ships-computer-hardware-russia-after-saying-it-would-suspend-2023-06-08/
How can I get Ryanair to find my parents’ lost cabin bags?

Guardian

23-06-28 07:30


Ryanair's attitude to passengers who have lost luggage is "cavalier", according to a report in The Observer. In 2016, the number of lost bags doubled to 7.6 per 1,000 passengers. The Montreal Convention limits compensation to £1,000 ($1,250). Ryanair has told passengers without receipts it will base compensation on the estimated weight of each item, meaning that a diamond ring would be worth less than a pair of slippers. The company's customer service has been called into question by a number of complainants.

https://www.theguardian.com/money/2023/jun/28/how-can-i-get-ryanair-to-find-my-parents-lost-cabin-bags
Ozone gas, Pilates and ‘a juice guy’: how ageing rockers stay on the road

Telegraph

23-07-07 08:00


Rock stars from the 1960s, 70s, and 80s are defying the aging process and continuing to perform at a high energy level into their seventies and even eighties. Mick Jagger, Elton John, Paul McCartney, Roger Daltrey, Bruce Springsteen, Sting, Debbie Harry, and Iggy Pop are all continuing to tour and perform with the same vigor they had in their youth. These rockers are able to maintain their energy and stamina through a combination of healthy lifestyle choices and a dedicated entourage of personal trainers, nutritionists, doctors, and therapists. They prioritize their physical and mental health, engaging in activities like exercise, yoga, martial arts, swimming, and healthy eating. The cash generated from their tours is also a motivator for them to stay in top shape. The corporatization of tours means that timing is crucial, and artists who are not able to maintain their health and sobriety risk losing out on the financial rewards of touring. Bands are now quitting and getting clean earlier than in the past, prioritizing their well-being before they are forced to. The newer generation of rock stars are not as intense or extreme in their personalities, and they are more health-conscious and focused on mental well-being. Despite the challenges of aging, these rock stars are proving that they can continue to rock on well into their senior years.

https://www.telegraph.co.uk/music/artists/ageing-rockers-rolling-stones-elton-john/
Why a Tiny Trough Garden Always Attracts an Audience

NY Times

23-07-12 09:00


The trend for miniature rock gardens is growing, as people look to simulate the conditions required to grow choice species that would struggle in-ground. As well as being functional, miniature rock gardens provide an aesthetic draw, according to Lori Chips, of Oliver Nurseries, in Fairfield, Conn. The nursery, in a bucolic setting that feels like an old garden, attracts a clientele that includes beginning gardeners and connoisseurs who come for the carefully curated selection and the depth of staff expertise. Its diminutive stars can be seen spilling out of pockets in a 35-foot-long rock retaining wall, in the gravel bed above it and, of course, in troughs and more troughs.

https://www.nytimes.com/2023/07/12/realestate/succulent-alpine-garden.html?searchResultPosition=1
HP to move production of millions of PCs to Thailand, Mexico

Nikkei Asia

23-07-18 03:17


HP is planning to shift production of consumer and commercial laptops to Thailand and Mexico in order to diversify its supply chain beyond China, according to sources. The company is looking to move some commercial notebook computer production to Mexico and some consumer laptop production to Thailand, with laptop production also planned for Vietnam next year. The move comes as HP seeks to mitigate risks related to US-China tensions and take advantage of emerging production hubs in Southeast Asia.

https://asia.nikkei.com/Spotlight/Supply-Chain/HP-to-move-production-of-millions-of-PCs-to-Thailand-Mexico
HP says it is committed to China as it makes plans to build elsewhere

South China Morning Post

23-07-19 10:00


HP has denied reports that it is planning to move production of laptops out of China. A Nikkei Asia report claimed that the company was going to shift production to Thailand and Mexico, with some production also moving to Vietnam next year. However, HP responded that China remained "a very important part of our global supply chain", adding that it was always looking to "improve the resiliency" of its global supply chain.

https://www.scmp.com/tech/big-tech/article/3228237/pc-maker-hp-stresses-commitment-china-it-seeks-diversify-manufacturing-thailand-mexico
Yellen's trip underlines rise of Vietnam as China factory hedge

Nikkei Asia

23-07-20 12:12


US Treasury Secretary Janet Yellen has highlighted Vietnam's rising manufacturing capabilities in semiconductors, vehicles, and other products as good for the US. Yellen stated that resilience does not mean ending trading relations with China but rather partnering with more countries. US companies such as Tesla, Apple, and HP are increasingly sourcing from Vietnam, which is also home to chip production for Intel and Samsung. Yellen's visit to Vietnam comes after recent trips to China and India, and the US and other G7 nations are mobilizing $15.5bn in climate funds for Vietnam.

https://asia.nikkei.com/Spotlight/Supply-Chain/Yellen-s-trip-underlines-rise-of-Vietnam-as-China-factory-hedge
Tech Latest: HP's shifting supply chain

Nikkei Asia

23-07-21 07:42


PC giant HP is diversifying its supply chain away from China in response to the ongoing US-China trade tensions and the COVID-19 pandemic. The company is shifting production to other countries in Southeast Asia, such as Thailand and Vietnam, to reduce its reliance on China and mitigate potential risks. HP is also looking to regionalize its supply chain to ensure business continuity and adaptability in the face of global disruptions. This move reflects a broader trend among multinational companies seeking to reduce their exposure to China and establish more resilient supply chains.

https://asia.nikkei.com/Spotlight/Podcast/Tech-Latest-HP-s-shifting-supply-chain
Articles On: Turkey, ASML, HP, Chips, CMIC, and Microsoft

Hoover Institution

23-07-23 11:00


This article is a compilation of various news stories related to the tech industry in China. Some of the key points include:
  • Alibaba-backed Trendyol, a Turkish e-commerce platform, has been hit by a ruling in Turkey that could impact its operations.

  • ASML, a Dutch company that services chip equipment, is facing tighter restrictions on its operations in China.

  • China has built more 5G base stations in three months than the US has in two years.

  • PC maker HP is committed to China but is seeking to diversify its manufacturing to Thailand and Mexico.

  • China’s Semiconductor Manufacturing International Corporation (SMIC) is targeting an IPO in Hong Kong in 2023 and has installed a new chairman.

  • Elon Musk believes that China is on “Team Humanity” when it comes to AI.

  • Chip companies and US officials are discussing China policy.

  • Intel and Nvidia are continuing to push purpose-built chips for training AI systems in China despite US export restrictions.

  • Microsoft has taken steps to obscure its role in 0-days that caused an email breach.


https://www.hoover.org/research/articles-turkey-asml-hp-chips-cmic-and-microsoft

China weighs easing tech transfer rules for office gear

Nikkei Asia

23-07-26 09:00


The Chinese government is considering easing proposed rules that would require foreign office equipment makers operating in the country to transfer key product technology to China. The rules, which were strongly opposed by Japanese, U.S., and other foreign companies, have been deleted from the draft presented to companies in May. The Chinese market for multifunction printers is controlled by foreign manufacturers due to their sophisticated optical technology, and the proposed rules would have put manufacturers under pressure to transfer key technologies. The Chinese government may be making concessions to appease overseas manufacturers and boost the economy.

https://asia.nikkei.com/Economy/Trade/China-weighs-easing-tech-transfer-rules-for-office-gear
The West’s de-risking strategy towards China will fail, says Chris Miller

Economist

23-08-04 09:34


Western leaders' strategy of "de-risking" in their approach to China is unlikely to work, according to Professor Chris Miller of Tufts University. De-risking involves continuing to roll out tech and investment restrictions on China, but coupling them with high-level summitry and calls to keep trade flowing, in order to limit the risk of escalation in both the political and economic spheres. However, Professor Miller argues that China believes it can overcome the West's tech restrictions, foreign multinationals are already taking steps to shift production away from China, and Beijing is pursuing its own agenda of reducing its reliance on Western manufacturing technology.

https://www.economist.com/by-invitation/2023/08/04/the-wests-de-risking-strategy-towards-china-will-fail-says-chris-miller