Seeking Alpha

HPQ
Hewlett-Packard Co.

5/25/2012, 6:36 AM ET
52wk high:
52wk low:
EPS:
PE:
Div Rate:
Yield:
Market Cap:
Volume:
HPQ Market Currents more »
  • Thursday 6:31 PM H-P's (HPQ) layoffs are being conducted on the basis of salary and aren't weighing factors such as skills and performance, upset employees tell BI. It's also claimed cronyism is playing a big role in the layoff decisions. Deutsche's Chris Whitmore notes past restructurings have done little to improve's H-Ps competitive positioning, or cut its dependence on weak markets. 9K of H-P's 27K job cuts will occur this fiscal year, and result in $400M in cash charges. (more on HPQ)
    4 Comments
    [Tech]
  • Thursday 2:06 PM H-P (HPQ +1.8%) has given up most of the gains that followed its FQ1 beat and layoff plans. Concerns the $10B Autonomy purchase may be proving disastrous are probably playing a role. Not only did H-P report Autonomy, which was posting decent growth at the time of the acquisition, see a major Y/Y drop in license revenue, H-P fired founder Mike Lynch in response. The Guardian's sources indicate Lynch and his team didn't mesh well with H-P's "bureaucratic" culture. (transcript)
    1 Comment
    [Tech, On the Move]
  • Thursday 9:38 AM Though reiterating a Market Perform on H-P (HPQ +4.7%), BMO sees it as a better play than Dell (DELL -0.6%), following H-P's FQ1 beat and restructuring announcement. Dell's efforts to improve margins "will take too long to play out," BMO argues, whereas H-P will get a boost over the next few quarters from its restructuring. The fact Dell is underperforming a bit this morning suggests the Street takes H-P's results as evidence Dell's problems are partly of its own making. (HPQ transcript)
    Comment!
    [Tech, Quick Ideas]
  • Thursday 9:05 AM Premarket gainers: KUTV +34%. P +19%. CLDX +9%. HPQ +8%. GALE +6%.
    Losers: MNOV -52%. NTAP -13%. SIG -9%. TIF -8%.
    Comment!
    [On the Move]
  • Wednesday 5:30 PM Some positives from H-P's FQ2 earnings call (webcast): The company passed Dell to become the world's #1 enterprise PC vendor; PC ASPs rose; the 3PAR storage unit again saw 100%+ Y/Y growth; Gen 8 server ramp strong; Americas revenue was flat Y/Y (-4% in FQ4). Some negatives: EMEA revenue fell 7% Y/Y (6% in FQ1), Asia-Pac fell 1% (+3% in FQ1); services margins expected to remain relatively weak; both demand and mix issues hurting printer margins. HPQ now +10.4% AH.
    1 Comment
    [Tech]
  • Wednesday 4:46 PM In tandem with its market-pleasing FQ1 report, H-P has announced its expected restructuring plan. The company plans to cut 27K jobs (8% of its workforce), a little above expectations, and says it will achieve $3B-$3.5B in annual cost savings by the end of FY14. The company expects to record a $1.7B pre-tax charge in FY12 related to the move (expect most of these costs to be excluded from non-GAAP EPS). HPQ +5.8% AH. (previous)
    2 Comments
    [Tech]
  • Wednesday 4:32 PM More on H-P's FQ2: PC division sales flat Y/Y, much better than Dell's numbers and a big improvement from FQ1's 15% drop. Enterprise hardware -6% (-10% in FQ1) as server declines offset modest networking/storage increases. Software +22% Y/Y (+30% in FQ1), though Autonomy saw a significant license revenue drop. Printing -10% (-7% in FQ1) as mobile/Internet photo sharing take a toll. Services -1% (+1% in FQ1). $350M in shares repurchased. HPQ +5.7% AH. Earnings call just started. (PR)
    Comment!
    [Tech, Earnings, On the Move]
HPQ in Focus more »
HPQ News more »
HPQ Instablog posts more »
  • Barchart's Morning Call 5/23
    Wed, May 23 • Jim Van Meerten • Comment!
  • Facebook Is Too Expensive! These Technology Stocks Create A Better Shareholder Value
    Fri, May 18 • Dividend Sheet • Comment!
  • Dec 26th Article: Buy The Right Stock At Right Price.
    Thu, May 17 • freefdawatchlist • Comment!
  • ECB Printing Money, & Greece On The Edge Of Official Default
    Mon, May 14 • freefdawatchlist • Comment!
  • Back Testing The 200 Day Moving Average On All Stocks Within The Dow Jones Industrial Average
    Sun, May 13 • Paul Allen • Comment!
Write a post on HPQ
HPQ StockTalks
HPQ vs. ETF Alternatives
Company Description

HP is a leading global provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses ("SMBs") and large enterprises, including customers in the government, health and education sectors. Our offerings span:

• multi-vendor... More