HP Sees 1-2 Cent Hit From Patent Spat; Affirms Outlook

Hewlett-Packard (HPQ) on Friday announced that it will take a charge of 1-2 cents a share in its fiscal second quarter ending April related to a patent dispute with Cornell University and the Cornell Research Foundation. HP noted that on March 30 the U.S. District Court overseeing the case cut the amount of an early jury verdict in the case in favor of Cornell to $53 million from $184 million.

HP also said that “after a review of the preliminary financial results of the first two months this fiscal quarter,” its financial outlook–excluding the charge–remains unchanged.

Read the rest of this post


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »