HP beats the Street in Q2; confirms plans to cut 27,000 jobs as Q3 guidance misses

Hewlett-Packard on Wednesday reported its second-quarter earnings that beat Wall Street’s expectations. Analysts expected the computer giant to report revenue of $29.92 billion and earnings of $0.91 per share, but the company surprised analysts when it reported earnings of $0.98 per share on sales of $30.69 billion. HP also confirmed new restructuring plans that will involve 27,000 job cuts, or 8% of the company’s workforce, and it expects to save more than $3 billion as a result. “We are making progress in our multi-year effort to make HP simpler, more efficient and better for customers, employees, and shareholders,� said Meg Whitman, HP president and chief executive officer. “This quarter we exceeded our previously provided outlook and are executing against our strategy, but

Cocktail Crossfire: Are Nasty, Evil, Anonymous Commenters Good for Anything?

Currently there are bills in both houses of the New York State Legislature that would, reports Wired's David Kravets, "require New York-based websites, such as blogs and newspapers, to 'remove any comments posted on his or her website by an anonymous poster unless such anonymous poster agrees to attach his or her name to the post.'� The purpose of this proposed legislation is to limit cyberbullies and their impact, and to cut down on "mean-spirited and baseless political attacks. ...

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Pinterest: 5 Ways to Use the Social Site
Pinterest has taken the Internet by storm. Here are five ways to use the social pinning site.

Jury deals blow to Oracle in case vs. Google

SAN FRANCISCO (Reuters) - Google Inc's Android mobile platform has not infringed Oracle Corp's patents, a California jury decided, putting an indefinite hold on Oracle's quest for damages in a legal fight between the two Silicon Valley giants over smartphone technology. The verdict was delivered on Wednesday in a San Francisco federal court. The same jury could not unanimously agree on the copyright allegations earlier in the case, though the jury foreman told reporters on Wednesday that the final vote on a key copyright issue heavily favored Google. ...

Facebook stock climbs, but company faces lawsuits
Facebook's fourth day of trading as a public company brought shareholder lawsuits, and an increase in the company's stock price as the fallout continued from the social network's botched initial public offering.