HP's Solid Results, Apple: Morning Tech Bytes
NEW YORK (TheStreet) -- Hewlett-Packard (HPQ) - Get Report was up 2.2% in pre-market trading Tuesday after the company posted better-than-expected fourth-quarter revenue, while earnings increased slightly.
HP's Adjusted profit rose 17% year-over-year to $1.33 a share, while revenue rose 8% to $33.3 billion. Analysts had expected a profit of $1.27 a share on revenue of $32.75 billion.
One of the highlights of HP's media conference call Monday was the last question, asked by
TheStreet
, about the new CEO Apotheker's location.
Oracle
(ORCL) - Get Report
, which is suing Apotheker's former employer
SAP
(SAP) - Get Report
, has made great play recently of its attempts to
who Oracle has said is purposely staying away from HP's northern headquarters -- outside the court's jurisdiction.
"That's a strange question," said Apotheker. "I am in Palo Alto ... would you like a picture?"
Apple
(AAPL) - Get Report
unveiled Monday a new feature that would allow users to find their missing iPads, iPhones or iPod touches. The software, called "Find My iPhone," will be offered to customers for free who are using devices with the new
operating system.
Shares of Apple fell 0.49% to $311.81 in pre-market trading Tuesday.
Viacom
(VIA) - Get Report
confirmed Monday that it had blocked
(GOOG) - Get Report
TV's access to full episodes on its cable channels including MTV, Comedy Central and Nickelodeon. ABC, NBC, Fox and CBS have all moved to block their program from appearing on Google TV.
News Corp
(NWSA) - Get Report
announced Tuesday it had acquired 90% of education technology
Wireless Generation
for $360 million. News Corp CEO Rupert Murdoch hopes to move the media conglomerate into the education sector through the acquisition.
HauteLook
, an online sample sale site, announced Monday it will be offering private sales events on
. The company sells luxury clothes for women, men and children, as well as home furnishings.
--Written by Olivia Oran in New York.
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