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Update: HP reports mixed quarter on weak PC sales

James Niccolai | Feb. 22, 2011
Hewlett-Packard reported a jump in profit for the first quarter of its 2011 fiscal year but sales were dragged down by weakness in its PC and services divisions.

HP is also expanding its focus on mobile gadgets. Earlier this month it announced a tablet PC and two smartphones based on the webOS software it acquired when it bought Palm last year.

HP is also shuffling its board, replacing four directors that were involved in the decision to oust CEO Mark Hurd last year. The new members include Patricia Russo, the former CEO of networking vendor Alcatel-Lucent, and Meg Whitman, who used to run eBay.


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