Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
HP Writes Off $8 Billion Just on EDS
The goodwill impairment is more than half of the $13.9 billion it paid for EDS

HP said Wednesday that it's going to write off $8 billion because its services business is a flat shambles.

The goodwill impairment is more than half of the $13.9 billion it paid for EDS, which became HP Enterprise Services (ES) in 2008 so HP could look more like IBM.

It's also changing ES' leadership. John Visentin, who was put in charge by Léo Apotheker, HP's last failed CEO, is leaving to "pursue other interests" and is being replaced on an acting basis by the current head of ES EMEA Mike Nefkens, who will report directly to HP's current CEO Meg Whitman, who's counting on fewer, more profitable deals. She has said the EC turnaround could take a while (translation: years).

JJ Charhon, who's been the unit's CFO, will now be its COO in hopes he can increase customer satisfaction and improve service delivery efficiency.

Because people are grabbing early retirement and bailing out of HP faster than anticipated, the company was able to increase its third fiscal quarter guidance a tad. It said it expects non-GAAP EPS to be $1, up from 94 cents-97 cents.

HP blamed the $8 billion impairment on "the recent trading values of HP's stock, coupled with market conditions and business trends within the Services segment." HP's stock of course is in the tank down something like 60% since it bought EDS.

On top of the EDS write-off, HP will be taking a restructuring charge of $1.5 billion-$1.7 billion to cover departures, up from the $1 billion forecast.

Because of all the write-offs HP figures it will lose $4.31-$4.49 a share GAAP in the quarter that ended in July. It did not provide an updated outlook for the full fiscal year.

About Maureen O'Gara
Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

In order to post a comment you need to be registered and logged in.

Register | Sign-in

Reader Feedback: Page 1 of 1

Latest Cloud Developer Stories
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and l...
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product beg...
CloudEXPO New York 2018, colocated with DevOpsSUMMIT and DXWorldEXPO New York 2018 will be held November 12-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI and Machine Le...
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just ...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE