HP: 36% Asia Sales Growth Is Double Industry's

HP Consumer Products & Mobile Business, Asia-Pacific and Japan VP Chin Hon Cheng said Wednesday HP shipments are growing at a 36% clip in Asia -- about twice the average market growth rate. Industry-wide shipments for the region were up 18% according to data released by IDC in April. About 1/3 of HP's business comes from PC sales. It has about 800-1,000 Asian employees. In a recent conference call, the company said revenue growth in Asia was up 15%, and 12% net of currency fluctuations. HP traded up 2.8% Tuesday when the company hiked its Q2 outlook; shares are up 9.2% YTD and 32.9% over the past year.

Sources: HP FQ1 2007 Earnings Call, Reuters
Commentary: Hewlett-Packard Updates Guidance, Sending Shares To Six-Year High • HP: Switching From IT to Business Technology • HP Emerges as the No. 1 Global PC Maker - Barron's
Stocks/ETFs to watch: Hewlett-Packard Co. (HPQ). Competitors: Dell Inc. (DELL), Lenovo Group Ltd. (LNVGY), International Business Machines Corp. (IBM), Apple Computer Inc. (AAPL)
Related: HP in Asia Pacific

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