Reuters: Technology News: HP says does not sell products to Syria

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

HP says does not sell products to Syria Nov 23rd 2012, 20:01 Tweet Share this Email Print Related News In HP-Autonomy debacle, many advisers but little good advice Wed, Nov 21 2012 HP accuses Autonomy of wrongdoing, takes $8.8 billion charge Wed, Nov 21 2012 UPDATE 7-HP accuses UK unit Autonomy as takes $9 bln hit Wed, Nov 21 2012 Bernanke's "cliff" comments break two-day rally Tue, Nov 20 2012 UPDATE 4-HP alleges Autonomy wrongdoing, takes $8.8 bln charge Tue, Nov 20 2012 Analysis & Opinion HP's accounts bombshell: a guide for the perplexed Strike on Iran: bets are off Related Topics Investing Simplified » Tech » A logo of HP is seen outside Hewlett-Packard Belgian headquarters in Diegem, near Brussels, January 12, 2010. Credit: Reuters/Thierry Roge By Nicola Leske Fri Nov 23, 2012 3:01pm EST (Reuters) - Hewlett Packard Co said it does not sell products to Syria, but acknowledged in a letter made public on Friday that its products could have been delivered to there through resellers or distributors. The letter was in response to a Securities and Exchange Commission's Office of Global Security Risk request that asked whether HP's products were sold in countries where they would be subject to U.S. sanctions. HP had requested confidentiality, even as it insisted that it had authorized the sale of its products to Syria in its October 9 response. Instead, HP said Italian surveillance company Area SpA had likely obtained its products from an HP partner that was unaware of their ultimate destination. In another October 9 letter to the agency, HP said that it had ended its contract with Area SpA in April. Calls to HP seeking further comment were unanswered as were calls to Area SpA. HP's overseas subsidiaries ended sales of printers and related supplies to third-party distributors and resellers with customers in Iran in in early 2009, the company wrote. But because its products are often sold by others through indirect channels without its knowledge or consent, "it is always possible that products may be diverted to Iran or Syria after being sold to channel partners, such as distributors and resellers," HP said. Reuters has documented how banned computer equipment from U.S. companies has made its way to Iran's largest telecom firm through China-based ZTE. Networking equipment maker Cisco Systems has since cut its ties to ZTE. HP said in both letters that it would continue to work with ZTE, but that it had conducted an internal investigation relating to an alleged sale of its products to MTN Irancell, Iran's second largest mobile carrier. HP is eager to avoid more negative publicity after surprising the market on Tuesday with an $8.8 billion write-down on its $11.1 billion acquisition of software group Autonomy accusing the British company of improper accounting to inflate sales. Autonomy has denied any wrongdoing. (Reporting by Nicola Leske; Editing by Leslie Gevirtz) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions