HP's Apotheker; Weak PlayBook Sales

Hewlett Packard(HPQ) CEO Leo Apotheker is expected to be ousted after less than a year on the job, according to Bloomberg. Meg Whitman, the former eBay(EBAY) CEO, is rumored to be considered for Apotheker's position.

Shares of HP dropped 2.9% to $23.28 in premarket trading on Thursday.

Research In Motion(RIMM) is cutting back production of its PlayBook tablet abroad due to sluggish sales, according to DigiTimes. The BlackBerry-maker shipped 200,000 PlayBooks in its most recent quarter, while analysts had been hoping for 560,000.

Shares of RIM fell 2.9% to $20.91.

Pandora(P) on Wednesday announced it was removing its 40-hour listening cap so that its users can stream an unlimited amount of music for free. The move comes soon after the debut of Clear Channel's iHeartRadio app, in which users can also stream music for an unlimited period of time.

Shares of Pandora dropped 3.6% to $9.65 in premarket trading on Thursday.

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Facebook on Wednesday unveiled a series of changes to its site, including a redesigned news feed, new privacy settings and the ability to track others' updates without actually being friends with them. The changes, which make the site more like Twitter, set off a series of complaints from Facebook users.

AOL(AOL) has lost the sales executive for Patch, its local blog network, according to Business Insider. The move comes as AOL is trying to make Patch's sites profitable after sinking $160 million into the division this year. >To submit a news tip, send an email to: tips@thestreet.com.

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