Earlier this month, Judge P. Casey Pitts for the US District Court of the San Jose Division of the Northern District of California granted preliminary approval of a settlement agreement regarding a class-action complaint first filed against HP on October 13, 2021. The complaint accused HP's website of showing "misleading" original pricing for various computers, mice, and keyboards that was higher than how the products were recently and typically priced.
HP's CEO stated that the company's business model relies heavily on sales of supplies, not hardware, leading to practices that fully leverage new security measures to block third-party products.
"The low earnings and revenue certainly demonstrate that manufacturers are in a bit of a lull at the moment," Hewitt told ITPro. "OEMs are dealing with multiple compounding factors: a pandemic-era fleet of devices that's set for refresh but not quite there yet, an impending Windows 10 end of service in 2025, and the prospect of a sizeable ramp up in AI PC adoption in 2025."
"Microfluidics has the potential to drive revolutionary changes across industries, delivering speed, efficiency, and precision, to help pave the way for the next generation of innovation in life sciences and technology," HP's President and CEO Enrique Lores wrote in a Department of Commerce press release.
Mike Lynch, the British tech tycoon, recently celebrated his acquittal from fraud allegations before tragically going missing after his yacht sank during a storm off Sicily.