Inside Hp News Today

Quite a rocky ride on wednesday after this hoax. lets see if that will come up. there we go. youll see the roller coaster ride in the session. at around 10:21 in the morning, around this time, the associated press in new york kill the story once it realized it was a hoax. the ap has thousands of news clients. at one point, ges market capitalization fell by $3.5 billion and by the close of trade, ge had fallen 1.6% from its pre-open high. it could have been much worse. nina? >> well, pauline, wer...

Competition with cisco. >> cisco is retrenching as we speak. theyre getting out of the flip video business. they seem to be acknowledging that maybe they made a mistake getting into the consumer business in the first place. you compete with cisco on theyre making servers, you bought 3com. >> we bought 3com to strengthen our offer and the networking business in hp is a very, very strong business. its going double digit every quarter. were doing very, very well. were getting market share ever quar...

That doesnt work. we are about creating value in the most efficient way possible. by the way, theres still a lot of inefficiencies that we can deal with inside hp. >> whats an example of that? >> we have to be quality. when it comes to innovation, we have to bring innovation much faster to market. thats efficiency we can drive and we are driving it. there are programs in place to address these in a straightforward manner. im very much committed to that. people respond very well to these ideas. t...

To receive that as shares in bp. thats something also the bp shareholders have bulked at, having a large percentage of their stock being owned by these russian oligarchs. >> pauline? weve been talking about cisco lately and the flip cam flopped. the company is also facing tough competition. up next, we talk to one of their big rivals, the ceo of hewlett-packard about his recipe for success and what he thinks about ciscos change of strategy. and also, the royal fairy tale makes it on to the s...