Biz Briefs: HP Changes Its Imaging

Hewlett-Packard is in transition mode--and not just because former CEO Carly Fiorina was pushed out in February, making way for Mark Hurd, hired April 1. The company is also changing from the bottom up, shifting away from old technologies like monochrome printing toward newer, more lucrative markets like portable photo printing. Coming off a strong second quarter in which profits rose 9.3% from a year earlier, the company is laying off workers--1,900 in the second quarter alone--and refocusing its printing business on the increasingly popular color laser jets; HP has 42% of the market. There is also renewed focus on large-scale printing...

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