Shares of Hewlett Packard Enterprise Co (NYSE:HPE) ended Friday session in red amid volatile trading. The shares closed down -0.15 points or -0.66% at $22.75 with 16,210,077 shares getting traded. Post opening the session at $23.08, the shares hit an intraday low of $22.59 and an intraday high of $23.29 and the price vacillated in this range throughout the day. The company has a market cap of $37.64 billion and the numbers of outstanding shares have been calculated to be 1.67 billion shares.
On Sep 28, 2016 Samsung Electronics Co., Ltd. and Hewlett Packard Enterprise (HPE) announced a partnership that will provide carriers with integrated network functions virtualization (NFV) infrastructure and virtual network functions (VNF) solutions. This kind of collaboration is critical to both carriers and customers increasingly looking to implement pre-tested and integrated multi-vendor solutions based on an open architecture.
The new partnership brings together two best-in-class solutions, merging Samsung’s carrier network and HPE’s IT telecommunications expertise. Together, the solutions will help carriers accelerate their transformation from networks built on monolithic, proprietary appliances to more agile cloud-based networks enabled by NFV.
“Samsung is confident in maintaining its stance as a pioneer in delivering advanced technologies required to lead the next generation market, like open ecosystem based NFV,” said Woojune Kim, Vice President and Head of Strategy Group in Next Generation communication Team at Samsung Electronics. “We see profound potential on joining the HPE OpenNFV Partner Program to ensure a variety of choices for carriers in selecting NFV providers, along with the commercially-proven NFV solution we developed in 2015.”
Shares of HP Inc (NYSE:HPQ) ended Friday session in green amid volatile trading. The shares closed up +0.14 points or 0.91% at $15.53 with 11,457,298 shares getting traded. Post opening the session at $15.47, the shares hit an intraday low of $15.44 and an intraday high of $14.73 and the price vacillated in this range throughout the day. The company has a market cap of $26.81 billion and the numbers of outstanding shares have been calculated to be 1.71 billion shares.
On Sep 12, 2016 HP Inc. (HPQ), the global leader in printing, introduced an expansive line of powerful A3 multifunction printers (MFPs) designed to disrupt the traditional $55 billion A3 copier category.
Earlier now, the company announced a definitive agreement to acquire Samsung Electronics Co., Ltd.’s printer business in a transaction valued at $1.05 billion, the largest print acquisition in HP’s history. Both announcements were made at the beginning of HP’s Global Partner Conference.
Highlights of HP’s A3 MFP technology breakthroughs include:
- 16 new next-generation HP PageWide and LaserJet platforms, bringing innovation to the copier segment
- World-class print security across devices, documents and data
- Advanced monitoring based on cloud and big-data analytics to predict service and supply needs
- Affordable color to drive adoption and economics
For decades, the copier category has lacked the disruptive innovation needed to drive service efficiency, protect against security breaches and deliver cost-effective color. HP is changing this with a next-generation portfolio of A3 MFP printing solutions that deliver the simplicity, reliability, serviceability, and security to transform business printing.
With launch and new channel programs, HP can now deliver the industry’s most advanced lineup of A3 MFP and A4 laser print solutions for the office that reflects the ongoing industry transition to everything as a service and contractual versus transactional sales.
“The complexity of traditional copiers makes repair and maintenance too inefficient for our partners and customers,” said Enrique Lores, president, Imaging & Printing, HP Inc. “By leveraging our superior printing technology, we can change the status quo with next-generation A3 multifunction printers that improve the overall customer and partner experience while also serving as a springboard for growth in managed print and document services. This is what we mean by reinventing printing.”