Yesterday, some news outlets reported on Oracle’s mischaracterization of HP’s server technology and business performance.
In response, HP issued the following statement:
HP is the No. 1 provider of enterprise servers in the world. We are focused on our customers, and those customers continue to be won over by our combination of technology, product performance, and pricing. The numbers prove it – our Enterprise Storage and Servers segment saw 25% revenue growth year over year during Q4 FY2010, and HP was the only major UNIX vendor that reported server growth.
Larry Ellison bought a money-losing business that had steady market share declines for years, and which still ranks at the bottom of the market. Customers aren’t fooled by outdated benchmarks, no matter what Oracle says. HP’s market share results prove it. Sun customers are running to HP in droves because they recognize we deliver superior technology, performance and pricing.
For more information:
Gartner press release, 11/29/10: “Gartner Says Worldwide Server Shipments Grew 14.2 Percent and Revenue Increased 15.3 Percent in the Third Quarter of 2010”
HP press release, 11/22/10: “HP Reports Fourth Quarter 2010 Results”
Today, the U.S. Federal Trade Commission published a preliminary staff report that "proposes a framework to balance the privacy interests of consumers with innovation that relies on consumer information to develop beneficial new products and services."
HP issued the following statement by Scott Taylor, Chief Privacy Officer:
“HP applauds the work of Federal Trade Commissioner J. Thomas Rosch and the staff report ‘Privacy in an Era of Rapid Change: A Proposed Framework for Consumers, Businesses, and Policymakers.’ The framework aligns with HP’s current priorities and is important for industry to address. We are not only encouraged by the report, but we look forward to continuing to support these efforts.”
For more information:
- Read the FTC Press Release: "FTC Staff Issues Privacy Report Offers Framework for Consumers, Businesses, and Policymakers"
- Learn more about HP's privacy practices
- Read about innovative research in privacy and security technologies happening at HP Labs
During today’s conference call with investors, the HP executive team discussed the company’s results for the 2010 fiscal year, which included net revenue of $126 billion (up 10% from the preceding year).
CEO Léo Apotheker took the opportunity to affirm his belief in a pay-for-performance culture and - because employees have been a key driver of the company’s success - HP will be reinstituting salary increases as part of its normal annual review process in 2011.
To clarify some details behind his comments:
- HP is funding its performance-based bonus plan above last year’s levels (this program awards discretionary bonuses based on business and individual performance).
- The company has reinstated its 401(k) plan matching contribution as a fixed benefit rather than a discretionary one.
- The vast majority of HP employees who were affected by the base pay reductions during the economic downturn in 2009 will have their base pay reinstated. Importantly, and in keeping with our pay-for-performance culture, employees must meet certain performance criteria to be eligible.
- HP is proposing a new employee share ownership program that is expected to enable employees to purchase HP shares at a five percent discount.
As Leo noted, the talent at HP is a highly competitive group that wants to win – and should be rewarded for their contributions to the company’s success.
To learn more about HP’s fourth quarter results:
Follow @hpnews on Twitter
HP today issued the following statement by Larry Irving, vice president of Global Government Affairs at HP, on California’s Proposition 23 ballot initiative:
“HP strongly opposes Proposition 23, which would impair California’s leadership in reducing greenhouse gases. As a top employer in California and one of America’s greenest companies, HP takes seriously its role as a leader in protecting our environment, and supports the state’s efforts to reduce carbon emissions and provide regulatory certainty that fuels innovation.”
HP and Oracle Corp. today reaffirmed their long-term strategic partnership and the resolution of litigation regarding Mark V. Hurd’s employment at Oracle. While the terms of the settlement are confidential, Mr. Hurd will adhere to his obligations to protect HP’s confidential information while fulfilling his responsibilities at Oracle.
The agreement also reaffirms HP and Oracle’s commitment to delivering the best products and solutions to our more than 140,000 shared customers.
Quote from HP CFO and interim CEO Cathie Lesjak:
“HP and Oracle have been important partners for more than twenty years and are committed to working together to provide exceptional products and service to our customers. We look forward to collaborating with Oracle in the future.”
Quote from Oracle CEO Larry Ellison:
“Oracle and HP will continue to build and expand a partnership that has already lasted for over 25 years.”