State assumes affairs of former Top Cop Henry Greene’s estate

first_imgThe late Henry GreeneThe estate of the late Police Commissioner Henry Greene, has been taken over by the State and its administration is now in the care of the Public Trustee.Legal sources have since expressed surprise at the revelation since it obtains as a result of no persons staking a claim to Greene’s property.The information, according to at least one lawyer, is puzzling to say the least, since former Chief Justice (ag), Ian Chang, had ordered that the estate of the former Police Commissioner be divided between his reputed wife Gail Stoll and his two children.Greene’s two children, Troy and Shelda, had moved to the courts claiming millions of dollars in assets from his reputed wife and her Attorney Robin Hunte in 2013 shortly after the Police Commissioner’s demise.Greene died in 2012, following a horrific car accident, leaving millions of dollars in assets, including several vehicles, holdings in the gold mining sector and several other properties, including a poultry and livestock farm at Kuru-Kururu, Soesdyke/Linden Highway.The information relating to the acquisition of Greene’s estate by the State has been officially gazetted and dated Saturday, September 3, 2016.The notice lists the estates of 18 deceased persons to have their affairs be administered by the Public Trustee’s Office.According to information provided on the Official Gazette, The Office of the Public Trustee/Official Receiver is headed by the Public Trustee/Official Receiver and is primarily responsible for the administration of the estates of deceased persons. The Public Trustee/Official Receiver may also undertake to do the following: act as the Executor or Administrator of a will; act as the guardian or receiver of the property of a minor or person under disability; and take possession of and administer the estate of any person who is absent from Guyana and who is not fully represented by an Attorney in Guyana and who has left debts unpaid.The Official Gazette identifies in its publication, the “Estate of Wilfred Henry Greene, also known as Henry Greene, deceased of Lot 52 Essequibo Street, Lamaha Springs, Ruimveldt, Georgetown.It has further called on “all persons having claims as creditors against the deceased or his/her estate must lodge same at the office of the Public Trustee/Official Receiver, Attorney General’s Chambers, Lot 95 Carmichael Street, North Cummingsburg, Georgetown, within three months from the date of the first publication of this notice.”The latest publication is the third such.The Public Trustee/Official Receiver also manages trusts and administers entities in liquidation pursuant to the provisions of the Insolvency Act and also facilitates the payment of monetary judgments and costs awarded by the Court against the State.last_img read more

HP gaining on Dell in PC battles

first_imgSAN FRANCISCO – Just five months after its $19 billion acquisition of Compaq Computer Corp. gave Hewlett-Packard Co. the No. 1 ranking in worldwide personal computer shipments, a new batch of market numbers delivered some stomach-turning news to HP. Rival Dell Inc. had just snatched the top spot right back. Although the companies’ rankings flip-flopped in subsequent quarters, Dell eventually cemented its top market share. That bolstered critics who had encouraged HP to get out of the PC business and blasted the Compaq deal for increasing HP’s exposure to that tough market. What a difference a few years and a new CEO make. Hurd was hired 14 months ago to replace the ousted Carly Fiorina, who had led the charge to take over Compaq. Walter Hewlett, a son of an HP founder and then-board member, claimed during the proxy battle that the merger with Compaq would “leave HP doomed to be a leader in nothing.” But rather than hobble HP, the PC business is now reliably profitable – as are most of the sprawling company’s divisions, which range from enterprise servers and software to printers, cameras and televisions. Dell, though still the No. 1 PC maker, has seen its profits decline. HP shares have gained 47 percent since Hurd’s appointment in late March 2005, while Dell’s stock has lost 36 percent of its value. HP shares fell 46 cents on Friday to close at $32.02 on the New York Stock Exchange. Dell rose 62 cents, to $24.57, on the Nasdaq Stock Market. For years, Dell’s unique business model of selling custom-built PCs through direct sales over the Internet allowed the Round Rock, Texas, company to underprice its competitors, who relied on more costly retail channels to move their goods. “HP has done a lot of work on its cost structure, so it’s able to be more aggressive on prices and still turn out a decent margin,” Kay said. On Thursday, when Dell reported that its first-quarter net income fell 18 percent, CEO Kevin Rollins cited the tough market. “The competitive environment has been more intense than we had planned for or understood,” he said. HP is also benefiting from changes taking place in the PC business, analysts said. More sales these days are coming from consumers, many of whom have never owned a PC before, and that has put Dell at a disadvantage because these buyers are more reluctant to buy a machine online or over the phone. “The consumers are a little more likely to want to see and touch what they buy,” said Moors & Cabot analyst Cindy Shaw. She said Dell’s direct marketing model also is a disadvantage in emerging markets such as China and India, where phones and Internet connections are not as readily available as they are in developed countries. HP, which has extensive relationships with stores such as Best Buy, Circuit City and retailers around the world, is in a better position to sell to such customers than Dell, she said. As HP and other PC makers have gotten better at matching Dell’s low prices, Dell has been slow to adapt, analysts said. With a few exceptions, Dell’s machines have remained relatively uninteresting, said Kay, while HP’s computers have started getting more stylish. “The market has shifted,” Kay said. “Everybody can make a PC that works and that’s cheap, so that’s no longer a distinguishing characteristic.” HP’s marketing, as it borrows themes from Apple Computer Inc., also is outperforming Dell. Whereas Dell’s commercials stress the type of processor and parts found in the machine, HP’s ads focus on how the PC can be used to play music, organize pictures and carry out other tasks.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBasketball roundup: Sierra Canyon, Birmingham set to face off in tournament quarterfinalsEarlier this week, roughly four years after the Compaq deal closed, HP said that sales in its PC division grew 10 percent in the three months that ended April 30, while Dell said its revenue grew by 6 percent over roughly the same period. And market researcher Gartner reported that HP’s share of worldwide PC shipments grew to 14.9 percent from 13.8 percent in the same period last year. Some of the gain came at the expense of Dell, whose share slipped to 16.5 percent, from 16.9 percent last year. “It’s unbelievable,” said Samir Bhavnani, director of research at Current Analysis. “Dell missed the fact that people like HP and others were getting their act together.” Over the past year, Dell has underestimated the success HP Chief Executive Mark Hurd has had in cutting costs, said Roger Kay, an analyst at Endpoint Technologies Associates. last_img read more