Hewlett-Packard Company (NYSE:HPQ) Laying off Employees at Autonomy While Offering New Research Positions - EGAN, RDCM, NVTL

Pompano Beach, FL -- (SBWIRE) -- 01/15/2013 -- Hewlett-Packard Company (NYSE:HPQ)’s Autonomy Corporation software segment, which added to an $8.8 billion write down previous year, will lay off some jobs associated to a product that distinguishes images by making use of a mobile device’s camera.

Is HPQ a Solid Investment at These Levels? Read This Report For Details

The hidden number of job trims at Aurasma, a digital display technology division, will be counterbalance by appointing over 50 engineers at Autonomy for research and development, in relation to a memo sent to workers by Robert Youngjohns, Hewlett-Packard’s senior vice president for information management head of Autonomy.

Hewlett-Packard Chief Executive Officer Meg Whitman is looking for turning around the Palo Alto, California-headquartered firm after five consecutive quarters of deteriorating sales and years of botched agreements, management turmoil and strategic mistakes.

Hewlett-Packard Company (NYSE:HPQ) shares so far in this session lost -2.83% to $16.47 with the Stock being traded within the range of $16.38 – $16.86. In the past year, it has not traded below $11.35 and was unable to surpass $30.00. The current session’s volume of 23.06 million shares is down from the average daily trading volume of 30.96 million shares.

Has HPQ Found The Bottom and Ready To Move Up? Find Out Here

Turning to some other stocks in the tech sector, eGain Communications Corporation, RADCOM Ltd. and Novatel Wireless Inc. are in the gainers list. Below in this article, we will have a quick look on their Market performance.

So far in the ongoing trade, eGain Communications Corporation (NASDAQ:EGAN) shares are up +19.66% to $5.60 while the stock has traded within the range of $4.75– $5.87. In the last 52-week period, shares changed hands between $3.31 and $6.49. The current session’s volume of 19,425 shares is lower than their average daily trading volume of 12,777 shares.

Will EGAN Continue To Move Higher? Find Out Here

RADCOM Ltd. (NASDAQ:RDCM) shares in the current session moved up +13.85% reaching at $2.96. The stock traded in a range of $2.66 – $3.21. In the last year the stock has moved within a range of $2.08 – $5.72. The current session’s volume of 9,239 shares is higher from their average daily trading volume of 8,237 shares.

For How Long RDCM’s Gloss will Attract Investors? Find out via this report

Another rival company, Novatel Wireless Inc (NASDAQ:NVTL) is at a premium of +12.69% to $1.51. In today’s trading so far, the stock price was found in a range of $1.34 and $1.55. In the previous 52 weeks the stock’s price ranged between $1.17 and $3.69. The current session’s volume of 1.26 million shares was higher from their average daily trading volume of 422,381 shares.

What was the Moving Force behind NVTL On Bullish Run? Read This Research Report

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