HP’s newly installed CEO, Leo Apotheker, has taken a “brave new approach” with the company, which this week posted a five per cent increase in earnings year on year. Whereas former CEO Mark Hurd made HP an efficient technology company by reducing the cost of doing business as well as R&D spend, Apotheker has vowed to increase organic development initiatives.
German equipment firm Siemens has signed an agreement to offload much of what remains of its communications R&D operations to Nordic IT services firm Tieto. The Finnish company will take on the Network Directory Server (NDS); IP Multimedia Systems (IMS); Home Location Register (HLR) and Radio Access (RA) businesses from a unit called Siemens Convergence Creators.
Embattled chipset firm ST-Ericsson has agreed to transfer its R&D division based in Linköping, Sweden, to local IT consultancy Cybercom. The move follows recent speculation regarding the future of ST-Ericsson, the 50/50 joint venture between Ericsson and STMicroelectronics, as the company battles with rising losses and suggests more changes are still to come.