hewlett-packard co (HPQ) Snapshot

Scality announced it has signed a global resale agreement with HP. HP can now offer data storage solutions combining Scality's RING storage software on innovative HP ProLiant Servers to businesses around the world. Scality and HP together deliver enterprise-class storage for 80% of storage workloads across file, object, and VM-based applications at a cost that is competitive with public cloud. Unlike traditional object storage products, Scality addresses more than just archive use cases, doesn't require add-on gateways and complexity to support NAS and file-based applications, and is proven in many multi-petabyte production deployments. The new petabyte-scale SDS solutions will leverage different configurations of Scality RING software and the HP ProLiant SL4500 and DL380/360 product lines to address a broad range of enterprise and service provider use cases including Active Archives, Content Distribution, Web and Cloud Services, Distributed Computing, and Global Enterprise Cloud. Scality RING runs on HP industry standard servers as an application, supporting current and future HP ProLiant Servers. The production-proven combination provides high performance and low latency across large and small files; support for bandwidth and IOPS focused workloads; petabyte-scale; and always-on availability. The solutions are available immediately from Scality and HP sales teams and channel partners worldwide. The agreement between Scality and HP includes joint sales and marketing investments.

China Electronics Corporation (CEC) is in talks with Hewlett-Packard Company (NYSE:HPQ) to buy 51% stake in H3C Technologies Co., Limited. The current focus on the negotiation is price. Comments by CEC and H3C are not available. Sources disclose that CEC's takeover of H3C has been determined and just consideration has been determined.

Hewlett-Packard Company reaffirmed earnings guidance for fiscal 2014 and 2015. For fiscal 2014, HP reaffirms its estimate of non-GAAP diluted net earnings per share (EPS) to be in the range of $3.70 to $3.74 and GAAP diluted net EPS to be in the range of $2.60 to $2.64. Fiscal 2014 non-GAAP diluted net EPS estimates exclude after-tax costs of approximately $1.10 per share, related primarily to restructuring charges and amortization of intangible assets. For fiscal 2015, HP reaffirms its estimate of non-GAAP diluted net EPS to be in the range of $3.83 to $4.03 and GAAP diluted net EPS to be in the range of $3.23 to $3.43. Fiscal 2015 non-GAAP diluted net EPS estimates exclude after-tax costs of approximately $0.60 per share, related primarily to amortization of intangible assets and restructuring charges. HP reaffirms its fiscal 2015 operating cash flow outlook of $10 billion to $10.5 billion, with free cash flow of $6.5 billion to $7 billion.