News Update: Hewlett-Packard Nears Decision For New CEO As Hurd Settles In At Oracle

Description

"Hewlett-Packard's (NYSE:HPQ) board of directors is nearing a decision on a successor to take the helm and replace ousted boss Mark Hurd, now CEO of Oracle (NASDAQ:ORCL). HP is reportedly leaning towards choosing internally, a source told Bloomberg. The list included Vyomesh Joshi, who is in charge of the firm's printer business; Todd Bradley, head of the personal computer division; Dave Donatelli, head of storage and server unit; Tom Hogan, executive VP of enterprise sales and marketing; and finally Ann Livermore, executive VP of enterprise business. Hurd left the firm when an investigation into violations of business conduct was announced on August 6th. The source told Bloomberg that a decision on CEO could be announced as soon as this week.SmarTrend alerted subscribers to take profits in Hewlett-Packard on August 09, 2010 at $43.13, since then the stock fell 8.1%. We are now watching for any positive developments that could result in a new uptrend signal."

Keywords

Hewlett-Packard, HPQ, CEO, mark, Hurd, Oracle, ORCL, Stock, News, Trading, Market, Analysis

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