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  1.    #1  
    Hi,

    This is for those who thought, that HP may have over paid for Palm. The buy out price of 1.2 billion, is a drop in the bucket for HP. They spent more than that on, lobbying in one quarter!

    Take care, Jay

    Hewlett-Packard Spends $1.6M on 1Q Lobbying
    By THE ASSOCIATED PRESS, Filed at 5:09 p.m. ET, June 10, 2010

    http://www.nytimes.com/aponline/2010...gewanted=print

    WASHINGTON (AP) -- Hewlett-Packard Co. spent $1.6 million to lobby the U.S. government in the first quarter on a smorgasbord of issues including federal spending on technology, enforcement of immigration laws and health care reform.

    The amount was nearly double HP's $840,000 lobbying tab from the first quarter of 2009. HP spent $710,000 on lobbying in the fourth quarter of 2009.

    Kristy Sternhell, formerly a counsel to Senate Majority Leader Harry Reid, was among the people who lobbied on behalf of HP, which is the world's biggest technology company by revenue.

    HP said in its latest lobbying-disclosure form, filed with the House clerk's office, that it lobbied Congress and various government agencies. Those agencies included the Homeland Security and Labor departments, which HP lobbied on immigration-related issues, including legislation involving the creation of a computer network to verify that workers in the U.S. are legally able to work. Other agencies included the Health and Human Services department and the Federal Reserve System.

    HP's $1.6 million tab ranked among the highest for technology companies in the latest period.

    Other big-time Silicon Valley tech firms spent less. Google Inc. spent $1.4 million in the first quarter to lobby the federal government on issues including its decision to stop censoring search results in China, and Oracle Corp. spent $1.1 million, in part on regulatory issues concerning its recent acquisition of Sun Microsystems.

    However, Microsoft Corp., consistently one of tech's biggest lobbying spenders, spent more than HP -- $1.7 million on lobbying in the latest period.
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group
  2. Tedcas's Avatar
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    #2  
    I think billion is larger than million. I think...
  3. #3  
    I don't see the connection between the value of Palm and how much a company spends on lobbying.

    Just cuz you spend $200,000 on a house doesn't make $100 for an orange a good buy.
  4. #4  
    So they paid almost a thousand times of their annual lobbying bill for Palm.
  5. #5  
    Quote Originally Posted by ilovedessert View Post
    This is for those who thought, that HP may have over paid for Palm. The buy out price of 1.2 billion, is a drop in the bucket for HP. They spent more than that on, lobbying in one quarter!
    So you're inferring that spending $1,200,000,000 on a failing business is a better investment than spending a few hundred million more on ensuring national public policy is favorable to your business pursuits? That would be an interestingly shortsighted viewpoint.
  6. #6  
    I think the TC needs a twix moment about now.
  7. ahogue82's Avatar
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    #7  
    Quote Originally Posted by subversiveasset View Post
    I think the TC needs a twix moment about now.
    lol

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