It's "still possible" for H-P (HPQ +4.7%) to deliver revenue growth in FY14 (ends Oct. '14),...


It's "still possible" for H-P (HPQ +4.7%) to deliver revenue growth in FY14 (ends Oct. '14), says Meg Whitman in a CNBC appearance (video) that has brought the IT giant's shares to within pennies of their 52-week high. Analysts currently expect H-P's FY14 sales to fall 2.2% in FY14, after declining 7.4% in FY13. Whitman also admits H-P's struggling PC ops remains the company's "biggest wild card," and (in spite of intense competition) says H-P needs to expand its mobile offerings to "other operating systems" (Android seems a good bet). (yesterday)
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Comments (4)
  • june1234
    , contributor
    Comments (4350) | Send Message
     
    Possible is better than not possible. Sales declined 7.4% in 13 projected to decline another 2.2% in 14 stock hits a 52 wk high. That's what I call a QE stock
    12 Jun 2013, 01:20 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1571) | Send Message
     
    This is amazing. This stock is flying based on Meg Whitman's charm and nothing else. There is certainly nothing in the company's business that would suggest the stock should be a penny over 15. Meg's comments are vague enough and far off enough that they do not mean anything.

     

    I would not have pegged Meg as especially charming, but there you have it.
    12 Jun 2013, 02:15 PM Reply Like
  • mmytacist
    , contributor
    Comments (51) | Send Message
     
    "Pigs fly possible in 2014".
    12 Jun 2013, 03:06 PM Reply Like
  • nicholasblack
    , contributor
    Comments (46) | Send Message
     
    T'was all foretold here: http://bit.ly/ZMFwOj
    12 Jun 2013, 07:03 PM Reply Like
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