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After donating $8 billion, Steve and Connie Ballmer are spinning off their philanthropy so people closest to the work can decide how the money is spent

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After donating $8 billion, Steve and Connie Ballmer are spinning off their philanthropy so people closest to the work can decide how the money is spent

2

U.S. Treasury is paying $3 billion a day in interest on national debt, says the CBO—having spent $10 billion to prop up the currency of its top lender

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Google cofounder Sergey Brin has now spent $100 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses
TechSilicon Valley

A Big Part of Hewlett Packard Is Leaving Palo Alto. It’s Like General Motors Leaving Detroit

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Hallie Detrick
Hallie Detrick
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By
Hallie Detrick
Hallie Detrick
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November 6, 2017, 8:07 AM ET
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Hewlett Packard Enterprise is looking for a fresh start in a new city.

Since it was founded in a Palo Alto garage in 1938, Hewlett-Packard has called Palo Alto home. Two years ago Hewlett-Packard Co split into Hewlett Packard Enterprise (HPE) and HP Inc, and now HPE is moving its headquarters to nearby Santa Clara.

The current headquarters, which has been the company’s home since 1957, will be sold. However, HP Inc, which focuses on hardware, will remain in the same location.

Analysts were shocked in August when HP Inc came out with a quarterly earnings report that looked more optimistic than that of HPE. The latter, which focuses on selling technology to businesses, was expected to surge ahead, but has fallen short of sales targets for four consecutive quarters. The move is seen as the latest in a series of efforts to turn performance around; others have included layoffs and divestments.

In Santa Clara, HPE will share offices with Aruba, a company it acquired in 2015. The move will also see HPE jobs in the Bay Area move to San Jose and Milpitas. Although HPE did not disclose how many employees it has in Silicon Valley, The Mercury News reported that at least 200 jobs would move to San Jose. The move is planned to be completed by October 2018.

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