Worried that former HP CEO Mark Hurd might not know what to do with himself after getting caught falsifying expense reports to hide girl #2 and being forced to resign? Don’t be: ol’ Mark’s getting a $12,224,693 severance payment in exchange for agreeing not to sue HP. Yep, Mark Hurd just got $12 million in cash for fraudulently filing expense reports to conceal his mistress — not a bad trick if you can pull it off, we suppose. (We don’t know how much he’ll have to pay back, but we’re guessing he’ll have a little cash left over.) Oh, and he’s also having his option to buy 775,000 shares of HP stock extended to September, which is pretty groovy considering HP actually upped its quarterly forecast today, some other assorted stock-related compensation, and 18 months of health and dental benefits. Whoever said a little white collar crime doesn’t pay?

Update: CNBC has sources claiming the total value of Hurd’s severance including stocks is closer to $40-50 million, give or take. That’s… well, that’s a lot of ink cartridges.

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The Windows 7 HP Slate 500 has been listed on the company’s site, however HP confirms that the slate is still in the works. An HP spokesperson has mentioned the device is currently “in customer evaluations now and will make a determination soon on to the next steps.” Not much information is being shared at this point, but responses are looking promising to see this HP tablet join the Microsoft arsenal against the Apple iPad and other portable devices.

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For middle-of-the-high-road types, HP just debuted its new Pavilion Elite m9600 series of Core i7 excitement. Things don’t get quite as wild as Dell’s new 24GB monsters, but HP packs in a respectable amount of power for the price. The base configuration includes a Core i7 920 2.66Ghz processor, 4GB of RAM, 500GB hard drive, NVIDIA GeForce 9600 GS graphics and a DVD burner, all for $950, and you can escalate up to a Core i7 940 2.93GHz processor, 12GB of RAM, a couple of 1TB hard drives, 1GB ATI Radeon HD 4850 graphics and a Blu-ray burner. HP is also outing four new 16:9 monitors, the 18.5-inch w1858, 20-inch 2009m, 21.5-inch 2159m and 23-inch w2338h. The latter two include HDMI inputs, and the prices range from $170 to $300 — not bad at all.

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This whole global economic crisis, and its resulting massive loss of jobs got us thinking. We here at Engadget didn’t want to stand helplessly by, announcing every new round of misery without giving anything back — so we decided to take the opportunity to spread a little positivity. We’ll be handing out a new gadget every day (except for weekends) to lucky readers until we run out of stuff / companies stop sending things. Today we’ve got an HP Pavilion dv5z on offer. This bad boy’s got an AMD Next Generation Notebook Platform, a 15.4-inch panel, and ATI’s Radeon graphics, plus the kind folks at AMD have stuffed a Blu-Ray player in there for the lucky winner.

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via: Engadget

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