HP allays uncertainty fears
Hewlett-Packard (HP) delivered a fourth quarter that was better-than-expected and allayed concerns about the company and whether it could stabilise the business amid uncertainty, according to Cnet.
The company reported fourth quarter earnings of $239 million, or 12c a share, on earnings of $32.1 billion.
Last year in the same quarter, HP reported earnings of $2.5 billion, or $1.10 a share, on revenue of $33.3 billion. Non-GAAP earnings for the fourth quarter were $1.17 a share. Wall Street was looking for earnings of $1.13 a share on revenue of $32.05 billion.
Hackers hit US water system
Hackers are alleged to have destroyed a pump used to pipe water to thousands of homes in a US city in Illinois, reports the BBC.
Hackers with access to the utility's network are thought to have broken the pump by turning it on and off quickly.
The FBI and Department for Homeland Security are investigating the incident as details emerge of what could be a separate second attack.
Gates testifies in $1bn lawsuit
Bill Gates testified yesterday in a $1 billion anti-trust lawsuit filed by the former owner of WordPerfect, writes the Associated Press.
Microsoft's Windows 95 rollout presented the most challenges in the company's history, leading to several last-minute changes to technical features that would no longer support a rival software maker's word processor.
“We worked super hard,” the Microsoft co-founder said. “It was the most challenging, trying project we had ever done.” Gates was the first witness to testify yesterday as Microsoft lawyers presented their case in the trial that's been ongoing in federal court in Salt Lake City for about a month. He is set to resume testimony this morning.
Google slashes Chromebook prices
Google is looking to push its Chromebook platform with the introduction of lower prices for a pair of models from Samsung and Acer, reveals V3.co.uk.
The company said both vendors will cut the starting price of their systems to $299 for the holiday shopping season. For customers in the US, Samsung also plans to offer a black WiFi-only version of its ChromeBook Series 5 notebook.
The price cuts come as the company is looking to update and simplify the user interface for its notebook platform.
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