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Edition: U.S. Article Comments (1) Video Email Print Reprints Read UPDATE 1-Report to say Waddell stoked flash crash -source 30 Sep 2010 Health reform to worsen doctor shortage: group 30 Sep 2010 A Minute With: Actor Eisenberg on playing Facebook CEO 7:18am EDT UPDATE 1-Bin Laden criticises Pakistan relief mission 8:09am EDT Economy still needs reinforcement: Geithner 30 Sep 2010 Shared Health reform to worsen doctor shortage: group 30 Sep 2010 UPDATE 1-Report to say Waddell stoked flash crash -source 30 Sep 2010 Economy still needs reinforcement: Geithner 30 Sep 2010 Ecuador's police chief quits over Correa crisis | 10:06am EDT Boston firefighters get oxygen masks for pets 30 Sep 2010 Watched Red faces over top model gaff Tue, Sep 28 2010 New planet could support life Thu, Sep 30 2010 Mexican mayor stoned to death Tue, Sep 28 2010 Report Title Price ValuEngine Industry Report for COMPUTER MFRS Provider: ValuEngine, Inc. $49.0 Buy Hewlett-Packard Provider: Standard & Poor's STARS Report $35.0 Buy Trading Report for (HPQ). A detailed report, including free correlated market analysis, and updates. Provider: Stock Traders Daily $18.0 Buy HPQ: Risk/Reward Rating: Full Report: Cash Truth Behind the Reported Earnings Provider: New Constructs, LLC $10.0 Buy HEWLETT-PACKARD COMPANY (HPQ=US) - REPORT FOR ACTIVE TRADERS Provider: Pechala's Reports $25.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. New HP CEO fails to rouse investors Tweet This Share on LinkedIn Share on Facebook Factbox Who is Leo Apotheker? 9:15am EDT Related News New HP CEO seen sharp but holds mixed record 9:15am EDT Analysis & Opinion With all eyes on Hurd, plenty of praise for new employer Oracle shows off art of war by hiring Mark Hurd Related Topics Technology » Stocks Related Video Economic hopes resurface Thu, Sep 30 2010 Then-Chief Operating Officer of SAP Leo Apotheker addresses the TMT 2006 Global Tech Media and Telecom Summit in Paris February 28, 2006. Credit: Reuters/Mal Langsdon SAN FRANCISCO | Fri Oct 1, 2010 10:49am EDT SAN FRANCISCO (Reuters) - Hewlett-Packard Co's new chief executive Leo Apotheker suggested software would be a focus under his leadership, but he failed to gain investor confidence in early trading on Friday. HP shares fell 3 percent in early trading, as Wall Street voiced its concerns about the surprise appointment of the software industry veteran. Apotheker suggested that he will focus on HP's software business, which accounts for only 3 percent of the company's total revenue. He called software the "glue" that connects HP's diverse hardware units. "Software is how we differentiate on our industry-standard platform," Apotheker said. Apotheker spent just seven months as CEO of German software giant SAP AG before resigning abruptly, amid customer complaint over maintenance fee increases. Robert Ryan, HP's lead director, said Apotheker was the only person who was offered the CEO post. Ryan said the board ended up with six candidates that it felt could have done the job. "We cast the net very far and very wide. We had lots of candidates," Ryan said on a conference call with analysts. Separately, HP said it will pay Apotheker an annual salary of $1.2 million, plus a signing bonus of $4 million to lead the technology powerhouse after a scandal toppled its last top executive. Apotheker will also be granted 76,000 shares of restricted stock, according to an HP regulatory filing on Friday. Restrictions are due to be released on 50 percent of the shares on October 31, 2011. Apotheker's annual bonus will be at least 200 percent of his base salary, with a cap at 500 percent. HP also said in the filing it would pay a $4.6 million relocation allowance to Apotheker. No exact figure was given for Apotheker's severance package, but HP said it would not equal more than 2.99 times Apotheker's base salary. HP on Thursday named Apotheker to succeed Hurd, who quit amid a scandal involving a female contractor. Shares of Palo Alto, California-based HP fell 3 percent to $40.81 in morning trading on the New York Stock Exchange. (Reporting by Gabriel Madway and Liana B. Baker; Editing by Derek Caney)) Technology Comments See All Comments (1) | Post Comment Oct 01, 2010 10:14am EDT I find it ridiculous to have to pay one individual such unbelievable amounts of money, and not reward stockholders and consumers who purchase this companies products. This is why so many companies send work overseas and fire American workers; because they overpay executives totally unneeded salaries and bonus plans. mrpaul Report As Abusive See All Comments (1) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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