MARKET CURRENTS
real-time news and commentary for investors

Wednesday, February 22, 4:23 PM More on H-P's FQ1: Sales fell across all major regions, and were hurt by a 15% Y/Y drop in PC sales - much worse than FQ4's 2% drop, and Dell's small decline. Share was also lost in enterprise hardware, where sales fell 10% thanks to server/storage declines. Services +1%, and printing -7%. High-margin software sales were up 30%, boosted by the Autonomy acquisition. $780M in shares repurchased. HPQ -1.4% AH. (PR)

This Market Current was sent to 4,284 people who get email alerts on HPQ.

Get email alerts on HPQ »

Share this page

Track new comments on this story

This news story has 4 comments:

Dana Blankenhorn Comments (3532)

Can you imagine what the quarter would have looked like without the deal that got Apotheker fired?

22 Feb, 04:26 PM Reply Like

jstratt Comments (1195)

HPQ is a stain on capitalism

The only thing World Class about HPQ has the word screwup after it.

22 Feb, 06:51 PM Reply Like

jstratt Comments (1195)

I should add that I say the things above because I owned HPQ until they fired Hurd. The stock was in the $40s back then. Fortunately I sold because the leadership seemed petty and clueless.

At this point it is clear that HPQ risks destroying itself. It is specializing in the past in a business that is not very kind to its elders. So if what is happening is they are only good at PCs and printing, then dont be surprised if those are long term declining businesses.

I still am incredulous about when they fired Hurd 2 years ago and stated that cost cutting wasnt important and that they would focus on invention.

My guess is HPQ will be broken up and sold off in pieces cementing its demise.

22 Feb, 07:07 PM Reply Like