The two technology giants in the market have a new drama as Hewlett-Packard Co. has sued its former Senior Vice President now working for the Oracle Corporation.

Hewlett-Packard Co. has alleged that their former Senior Vice President, Adrian Jones, has stolen their trade secrets and leaked them to their rival Oracle Corp. upon joining.

Seagate Technology Plc forecasted what its third-quarter revenue would look like, and it projects that it will be higher than previously estimated as PC makers try to get inventory. Seagate is the world’s largest maker of hard drives, and its shares were up 8% to $15.89.

The Technology giant Hewlett-Packard has cracked a deal of $176 million. They have actually earned the rights of becoming the Medicaid Fiscal agent to Nevada. This is done in the interest of management as well as the up gradation of the Medicaid management information system of the state.

Hewlett-Packard Co., the largest computer-maker of the world has forecast second-quarter profit and sales that were below analysts' predictions as a drag in consumer spending restricted growth.

Excluding some costs, profit of the firm will be one dollar and nineteen cents to one dollar and twenty one cents per share in this quarter, HP said Tuesday.

The new chief executive officer of Hewlett- Packard Co. Leo Apotheker told the Wall Street about his plans of running the Co. He stated that he won't be curtailing costs because he has plans of spending more money for developing and selling the firm's technology.

At a New York press conference on Monday, Hewlett-Packard (HP) announced the release of a new multi-function, Android-based device – the HP Photosmart eStation – which can function as a printer, scanner, fax, etc.

After long finally Hewlett-Packard (HP) has made headlines without a mention of its thrown out CEO, Mark Hurd.

As per a person familiar with the matter, the U.S. Justice Department has widened the range of its investigation against Hewlett-Packard Co. for its illicit practice to grease palms of an official of Russia, to secure some contracts.

Hewlett-Packard (HP) has claimed the release of the latest low cost server line aimed for small and medium sized enterprises (SMEs).

According to Oracle Corp., it will pay Mark Hurd a basic annual salary of $ 950,000. It includes bonus of $10 million in the current fiscal year. The software company has hired Hewlett-Packard Co. chief executive.