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HP Must Face Lawsuit for Alleged Shareholder Fraud by Boosting Sales, Appeals Court Rules

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A US appeals court on Tuesday revived a lawsuit alleging HP Inc defrauded shareholders by secretly using unprofitable tactics to boost sales of its printing supplies in 2015 and 2016. The 9th US Circuit Court of Appeals reversed a judge’s ruling dismissing the lawsuit as filed too late. Investors say they did not discover the alleged fraud … Read more

Dell Posts 11 Percent Revenue Fall in Q4 2022 Days After Cutting Over 6,000 Jobs

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Dell Technologies posted a smaller-than-expected fall in quarterly revenue on Thursday, as demand for servers and network equipment from large businesses helped cushion sluggish PC sales. Total revenue fell 11 percent to $25.04 billion (roughly Rs. 20,500 crore) in the fourth quarter that ended February 3, but came above a Refinitiv consensus estimate of $23.39 billion (roughly Rs. … Read more