Hewlett-Packard Co.'s profit jumped 14 percent in the latest quarter, proof that cost-cutting and a push into rival IBM Corp.'s stronghold of technology services is helping the company absorb a falloff in sales in most of its major divisions.
Hewlett-Packard Co tripled the size of its share repurchase program to $12 billion as China sales and better profit margins on its services boosted quarterly earnings.
Hewlett-Packard reports a higher quarterly profit, despite a dip in sales, as the technology giant reels from lower revenue in its key PC and printer segments.
Computers Stocks Are Driving Tech Returns By Michael Kahn Large-cap hardware and software stocks are market leaders, even as the tech sector overall underperforms the broader market.
Patent holding company Klausner Technologies Inc. on Monday said it's suing Motorola Inc. and the maker of BlackBerry smartphones for allegedly violating its patent for visual voicemail.
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