Meg Whitman to step down as CEO of HPE

Meg Whitman out as CEO of HPE early next year

Meg Whitman to Step Down as Hewlett Packard Enterprise CEO

Investors weren't enthusiastic about Whitman's planned departure, as HPE shares fell 7.6 percent, to $13.05, in after-hours trading following the announcement. With the drop, HPE has fallen to its lowest intraday level in well over a year.

Hewlett Packard Enterprise CEO Meg Whitman, who partners credit with an impressive turnaround of the company, says HPE President Antonio Neri, who will take the CEO job effective February 1, is "exactly the right person at the right time" to lead HPE into the future.

Beat earnings estimates. The company posted adjusted earnings of $0.29 per share, beating our earnings estimates of $0.28 per share. UBS AG lowered shares of Hewlett Packard Enterprise from a buy rating to a neutral rating and lowered their price target for the stock from $16.00 to $15.00 in a report on Friday, October 20th.

Argentina: concern grows for missing submarine after two false alarms
The submarine was originally scheduled to arrive Sunday in Mar del Plata, a navy base about 250 miles southeast of Buenos Aires. Strong winds and high waves have hampered the search for the ARA San Juan and its 44 crew members in the past few days.

Shares HPE fainted $1.27, or 9%, to $12.85.

Whitman's tenure was also littered with layoffs.

Whitman entered HP at a perilous time in the company's history. "At the time, she said that she had achieved the main goal she set when becoming CEO in 2011, of turning around a company that was losing ground in all its main markets", reports Richard Waters for Financial Times. The stock was sold at an average price of $13.67, for a total value of $3,404,144.41. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Insiders own 0.87% of the company's stock. Hewlett Packard Enterprise's dividend payout ratio is 144.44%.

Union Gospel Mission to serve more than 800 Thanksgiving meals
This year the Mission is preparing to serve more guests than ever before by adding more tables and chairs for families to attend. At one homeless shelter kitchen in Bryan, the calendar year revolves around Thanksgiving.

TRADEMARK VIOLATION WARNING: This article was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued. If you are reading this article on another publication, it was illegally copied and reposted in violation of global copyright and trademark legislation.

That division is HPE's largest business segment, including servers, storage products, networking and services.

Bloomberg Technology's Gerrit De Vynck and Natalie Wong observe that "since 2009, 19 female CEOs of Standard & Poor's 500 companies have stepped down". She added, "The next leader needs to be a deeper technologist".

Google Snatches Location Data, Even From Inactive Android Devices
According to a Danish research team , back in 2015, apps such as Angry Birds, Pandora, and Candy Crush had this capability. Quartz just released a report from an investigation into Android devices sending location information to Google .

Latest News