HP announced the HP ENVY Rove(20) mobile All-in-One PC, the company's first mobile All-in-One PC, which frees the desktop PC from the desk and allows families and friends to enjoy a shared entertainment experience with a built-in battery, unique design and advanced touch technology. HP also announced new consumer notebooks, all-in-one PCs and printers that give people more flexibility in how they access and share information. With affordable touch technology and new form factors, HP's new additions provide seamless integration of technology into customers' busy lives. The HP ENVY Rove(20) can easily move from upright to completely horizontal for a tabletop entertainment experience. Using advanced multitouch technology, multiple users can interact with games and more at the same time. Multiplayer games such as Electronic Arts' Monopoly(TM), Fingertapps(TM) JigsWar Puzzle, Fingertapps Musical Instruments, and nsquared makewords are an ease to play when the PC is laid flat. In addition to sharing games, families and friends can enjoy multimedia content on the 20-inch 1,600 x 900 IPS LED panel that enables wide viewing angles, rich colors and sharp graphics, while built-in Beats Audio(TM) offers crisp, clear sound. Powered by 4th generation Intel(R) Core(TM) processors, Intel HD graphics and 10-point touch, the HP ENVY Rove(20) packs power for productivity tasks and an immersive entertainment experience with the ease of touch interaction.

Hewlett-Packard Company Hewlett-Packard reported unaudited consolidated earnings results for the second quarter and six months ended April 30, 2013. For the quarter, the company's net revenue was $27,582 million compared with $30,693 million a year ago. Earnings from operations were $1,601 million compared with $2,222 million a year ago. Earnings before taxes were $1,408 million compared with $1,979 million a year ago. Net earnings were $1,077 million or $0.55 per diluted share compared with $1,593 million or $0.80 per diluted share a year ago. Non-GAAP earnings from operations were $2,370 million compared with $2,726 million a year ago. Non-GAAP net earnings were $1,698 million or $0.87 per diluted share compared with $1,949 million or $0.98 per diluted share a year ago. Net cash provided by operating activities was $3.6 billion compared to $2.5 billion a year ago. Investment in property, plant and equipment was $767 million. The company Improved operating company net debt position by $1.8 billion. For the six months, the company's net revenue was $55,941 million compared with $60,729 million a year ago. Earnings from operations were $3,353 million compared with $4,264 million a year ago. Earnings before taxes were $2,981 million compared with $3,800 million a year ago. Net earnings were $2,309 million or $1.18 per diluted share compared with $3,061 million or $1.53 per diluted share a year ago. Non-GAAP earnings from operations were $4,606 million compared with $5,296 million a year ago. Non-GAAP net earnings were $3,303 million or $1.69 per diluted share compared with $3,781 million or $1.90 per diluted share a year ago. Net cash provided by operating activities was $6,118 million. Investment in property, plant and equipment was $1,400 million. For the third quarter of fiscal 2013, the company estimates non-GAAP diluted EPS to be in the range of $0.84 to $0.87 and GAAP diluted EPS to be in the range of $0.56 to $0.59. Third quarter fiscal 2013 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $0.28 per share, related primarily to the amortization of purchased intangible assets, restructuring charges and acquisition-related charges. For the full year fiscal 2013, the company estimates non-GAAP diluted EPS to be in the range of $3.50 to $3.60 and GAAP diluted EPS to be in the range of $2.50 to $2.60, in line with HP's previously communicated outlook. Full year fiscal 2013 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $1.00 per share, related primarily to the amortization of purchased intangible assets, restructuring charges and acquisition-related charges. The company's board of directors has declared a regular quarterly cash dividend of 14.52 cents per share on the company's common stock, which, as previously announced, reflects a 10% increase in amount compared to the previous quarterly dividend amount. The dividend, the third in HP's fiscal year 2013, is payable on July 3, 2013, to stockholders of record as of the close of business on June 12, 2013.

MphasiS Limited (BSE:526299)’s original founder Jerry Rao and former Chief Executive Officer K Jeyakumar have been approached by several private equity firms to partner in 'management buy-in' deals, said people directly involved with the matter. Hewlett-Packard Company (NYSE:HPQ) has had discussions with buyout funds such as TPG Capital, L.P., Advent International Corporation, The Carlyle Group LP (NasdaqGS:CG) and Kohlberg Kravis Roberts & Co. (NYSE:KKR) in the run-up to their decision to exit MphasiS. Some of these funds have approached Jerry Rao to help them structure an acquisition. Rao and his former Chief Financial Officer Ravi Ramu have been talking to their past senior colleagues to put together a management team to explore a bid, said sources cited earlier in this report. Jerry Rao could not be reached by The Times of India for immediate comments while Ravi Ramu declined to comment.