H-P to make 3D printer announcement in June, promises breakthroughs

"We’ll be making a big technology announcement in June around how we are going to approach this," said H-P (HPQ +2.2%) CEO Meg Whitman at yesterday's annual meeting.

Whitman argued current 3D printers suffer from speed and substrate quality shortcomings, and insisted her company has "solved both these problems."

H-P will initially focus on the business market, where the company is a giant in the conventional printing space. Last October, Whitman suggested H-P will price aggressively.

H-P is making 3-year highs once again, following news of its dividend hike. 3D printer vendors are selling off in the wake of Whitman's remarks and ExOne (XONE -9.5%) Q4 miss and soft guidance. DDD -3.3%. SSYS -2%. VJET -2.1%.

Yesterday: H-P makes multi-year highs ahead of annual meeting

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Comments (8)
  • Grethe
    , contributor
    Comments (38) | Send Message
    Off and on you get the funniest reaction on what is basically good news: If and when HP put their muscles behind a transformative technology as 3D, the growth projections of this market becomes even more interesting......and all players will benefit. Hugely.
    Don't sell, buy!
    20 Mar 2014, 01:35 PM Reply Like
  • Transcripts&10-K's
    , contributor
    Comments (1219) | Send Message
    "and all players will benefit. Hugely."


    Yep, just like it played out over time with car manufacturers, TV manufacturers, PC manufacturers, and the list goes on and on...
    20 Mar 2014, 01:49 PM Reply Like
  • Trader's Profit Compass
    , contributor
    Comments (2072) | Send Message
    XONE should focus on printing 3-D black tulip bulbs
    20 Mar 2014, 02:00 PM Reply Like
  • Topcat
    , contributor
    Comments (580) | Send Message
    The printers will be free. The cartridges will be $1000 each, will be last only a few weeks, and will feel half full even though the computer interface prevents you from printing from them. :)
    20 Mar 2014, 02:05 PM Reply Like
  • 3D Investing
    , contributor
    Comments (1552) | Send Message
    HP will accelerate market growth. HP also have billions for marketing their products while DDD and SSYS don't. I would say DDD has a better fighting chance than SSYS , XONE, or VJET.


    HP's "aggressive pricing" is only aggressive on how much it destroys your wallet. I've never seen anything cheap from HP unless it's some failed product and they're just doing a clearance sale. There's a reason why HP relies on sales to sell and Lenovo is eating their pie. Their printers suck as well for the price they're charging. Their ink is priced through the roof.


    Overall, HP might hurt the little guys at first but they'll bring attention to 3D printing. As usual, I think HP will fall face first just like most new things they tried to do. However, they can't afford to mess this up and they will try until they get it right. DDD and SSYS have time to grow so HP can't bully them out of the market. They just need to execute right.
    20 Mar 2014, 02:08 PM Reply Like
  • Darbyred
    , contributor
    Comments (249) | Send Message
    The way I read it H-P will have an announcement in June. Nothing more. Additionally, why wait to June?? I can also remember when H-P's 2D printers were very slow.
    20 Mar 2014, 02:23 PM Reply Like
  • Thomas Renna
    , contributor
    Comments (221) | Send Message
    Note in 2010 the cost of the OEM agreement between SSYS and HP.


    During the third quarter of 2012, HP exercised it's SSYS warrant for 500,000 shares through a “cashless exercise” in accordance with the terms of the warrant and was issued 360,115 shares of Stratasys, Inc. common stock.


    "On July 31, 2012, Stratasys entered into an agreement with Hewlett-Packard Company, or HP, to terminate the Master Original Equipment Manufacturer Agreement, or the OEM Agreement, between the two companies effective December 31, 2012. Under the terms of the OEM Agreement, signed in January 2010, Stratasys has developed and manufactured for HP an exclusive line of 3D printers based on Stratasys' patented Fused Deposition Modeling (FDM®) technology. Later that year, HP began a phased rollout of the 3D printers, which are now being sold exclusively by HP in eight European countries. Stratasys terminated the OEM Agreement because Stratasys no longer believed that it could achieve the financial benefits originally anticipated by entering into the OEM Agreement. The termination agreement also provides for continuity of consumables and service for end user customers that have purchased systems sold by HP under the OEM Agreement. Additional information with respect to the termination of the OEM Agreement is set forth in Stratasys' current report on Form 8-K filed with the SEC on August 1, 2012."
    above quote from SEC filing
    20 Mar 2014, 04:41 PM Reply Like
  • CS917047
    , contributor
    Comments (226) | Send Message
    3D companies get their momentum back; I wonder who has been selling puts out of the money in XONE?
    30 Jun 2014, 11:42 AM Reply Like
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