How to get your LinkedIn profile to show the correct company
for each position.
LinkedIn Tips & Traps - Positions
Apr 29, 2022:
Five shareholders who "...purchased or acquired Micro
Focus ADSs [American Depository Shares]... in connection
with the Merger of Micro Focus and the software business
segment of HPE, which was completed on September 1, 2017" have filed a class action
against
Micro Focus and HPE -- alleging that "...a number of
problems seriously undermining Micro Focus’s business and
prospects" were not disclosed and citing "...a decline of
more than 54% from the Merger closing price..." Details:
Micro Focus Suit
Contacts:
Micro Focus UK and U.S. Headquarters [scroll down] Other
countries:
https://www.microfocus.com/about/contact/
On Sep 9, 2017, HPE Software was spun out and merged
with the UK company.
Details and tax issues for HPE stockholders.
Micro Focus is a completely separate company
-- not a legal successor corporation to HP or HPE.
Which HP-related companies have me classified as a retiree or former employee?
Given HP's history of acquisitions and spinoffs, this may not be obvious. If any
doubt, check here:
Which Company
Employment verification and experience letters for
Hewlett-Packard, Hewlett Packard Enterprise, and related
companies.
Employment and Experience Verification
If you have stock paperwork or certificates for Micro Focus: Micro
Focus Stock
For those who transitioned to Micro Focus:
-
401(k) Members report that the next 401(k) match payout was
to be on the date of their transition.
- Classified as a former employee or retiree of HPE. Treated as though
you left HPE to join any other company. Entitled to whatever retiree
coverage you qualified for at the time you left HPE. (HPE
retirees -- depending on age, years of service, and other
factors -- may
qualify for what
HP confusingly calls the "Pre-2003 HP Retiree Medical Program"
-- as opposed to the current "HP Retiree Medical Program." ("2003" refers to the year in
which HP cut back the program, not your year of retirement.) Legally retirees of HPE. However, HPE has
paid HPInc to administer health benefits for those HPE
retirees.
Details:
Pre-2003 HP Retiree Medical Program
Fortune
article summarizing breakup of Hewlett-Packard into HPInc,
Hewlett Packard Enterprise, DXC, and Micro Focus.
"Transaction valued at approximately $8.8 billion, including
50.1% ownership of the new combined company by HPE
shareholders and a $2.5 billion cash payment to HPE." --original
Sept 7, 2016
HPE announcement
Pre-spinoff diagram of Micro Focus product history,
including the product lines being acquired from HPE --
ArcSight, Autonomy, Mercury, Opsware, Peregrine, Tower,
Vertica -- with the original HP acquisition price for
each.
MicroFocus-HPES Portfolio 4/1/17
Micro Focus sold the Atalla hardware security business
(formerly part of HPE)
Announcement Also sold the profitable
1,400-employee SUSE Linux business (formerly part of Novell) for $2.5 billion in cash.
Announcement
Financial Times
The Register
