A former Hewlett-Packard (NYSE:HPQ) CEO has begun talks with Oracle on becoming an Oracle “top executive.”
Oracle May Be Destination For Hewlett-Packard (NYSE:HPQ) Ex-Boss
The Wall Street Journal reported that former Hewlett-Packard (NYSE:HPQ) CEO is in talks with Oracle Corp. on becoming a “Top Executive”.
As per the report, Mark Hurd, the former CEO of Hewlett-Packard (NYSE:HPQ) who stepped down last month, is expected to join Oracle Corp, performing similar job functions as at HP (NYSE:HPQ).
Though the report didn’t mention specifics about the talks, the present CEO of Oracle Corp., Larry Ellison, who has been there for the last three decades, is reportedly not planning to leave his position.
Hewlett-Packard Co. Stock Info
As of 9/3/2010 (Last trade – 4:00pm), the Hewlett-Packard Co. (NYSE:HPQ) company shares are sitting at 40.34.
Over the past three months there has been a -12.4% movement in the Hewlett-Packard Co. (NYSE:HPQ) stock price.
Last Price: 40.34
52 Week Low / High: 37.32 / 54.75
Market Cap: 93670000
Consensus Analyst Opinion: Moderate Buy
Zack’s Industry Rank: 2 out of 3
We’ll be keeping a close eye on the Hewlett-Packard Co. (NYSE:HPQ) stock price for developments over the next couple of weeks.
Hewlett-Packard Co. (NYSE:HPQ)
The Hewlett-Packard Company is a technology company deeply invested in personal computing and printing, but also in growing areas such as infrastructure and IT technology as well as telecommunications with the acquisition of 3COM and Palm.
