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Hewlett-Packard Company (NYSE:HPQ) shares increased 1.32% to $20.03. CtW Investment Group, part of the labor group Change to Win, this week is pushing for Hewlett-Packard Co. (HPQ) to remove its two longest-standing board members and urging the computer maker to drop Ernst & Young LLP as its auditor.
Additionally, the company, on Feb. 21, posted first quarter net income of $1.2 billion, or 63 cents a share. Adjusted earnings for the recent quarter came in at 82 cents a share. Revenue fell 6% to $28.4 billion. Analysts were expecting adjusted earnings of 71 cents a share on revenue of $27.9 billion.
Can HPQ Rebound After The Recent Slump and Investors Can Make Money? Find Out Here
Oracle Corporation (NASDAQ:ORCL) stock fell 0.27% to $34.58. The company’s CEO Larry Ellison bought a small Hawaii airline this week, less than a year after he bought most of the Hawaiian island of Lanai. Terms of the deal weren't disclosed.
Additionally, the company announced the February 2013 release of Oracle RightNow Cloud Service, which includes new capabilities to help organizations automate the management and deployment of complex business policies that are required to support customers.
How Should Investors Trade ORCL After The Recent Volatile Moves? Find Out Here
Microsoft Corporation (NASDAQ:MSFT) shares climbed 0.18% to $27.86 in the early hour. The company yesterday announced a broad upgrade to the online version of its Office suite of business software--including separate packages and pricing for small and mid-sized businesses--as the software company seeks to fend off growing pressure from Google Inc.
Additionally, the company, on Feb. 25, announced that the International Federation of Red Cross and Red Crescent Societies(IFRC) has expanded on a global Enterprise Agreement with a new Memorandum of Understanding to offer Microsoft Office 365and other products as the standard communications and collaboration platform for its National Societies worldwide, helping provide greater licensing flexibility.
Is MSFT Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here
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