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H-P (HPQ) +5.4% after stating it expects FQ3 EPS of $1, above a consensus of $0.97. Also,...

H-P (HPQ) +5.4% after stating it expects FQ3 EPS of $1, above a consensus of $0.97. Also, Enterprise Services chief John Visentin is leaving (EMEA services head Mike Nefkens will handle his job for now), and the company will take an $8B goodwill impairment charge stemming from a lower stock price and Services business conditions. The FQ3 report arrives on Aug. 21. (PR)
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Comments (10)
  • wigit5
    , contributor
    Comments (4102) | Send Message
     
    PC's are dead HP now go quietly!!! (Sarcasm)
    8 Aug 2012, 09:18 AM Reply Like
  • chopchop0
    , contributor
    Comments (3427) | Send Message
     
    Probably a good bounce for longs to get out if they haven't already. This company is a long-term value destroyer.
    8 Aug 2012, 09:33 AM Reply Like
  • nafar
    , contributor
    Comments (218) | Send Message
     
    With the impairment of goodwill of US$ 8 bn, the loss it would suffer would be huge. Can anyone having knowledge can state whether they would get tax credit for this impairment?
    8 Aug 2012, 10:53 AM Reply Like
  • Jeremy Johnson, CFA
    , contributor
    Comments (781) | Send Message
     
    No they wouldn't.
    8 Aug 2012, 10:57 AM Reply Like
  • Value_Analyst
    , contributor
    Comments (23) | Send Message
     
    nafar,

     

    There is a difference between a tax "credit" and a tax "deduction." There are many websites that explain the two concepts (you can Google it). HP wouldn't get a tax credit, but it does get a deduction in calculating its taxable income.
    13 Aug 2012, 01:00 AM Reply Like
  • kickshark
    , contributor
    Comments (31) | Send Message
     
    Is Seth Klarman still hanging on to HP?
    8 Aug 2012, 01:18 PM Reply Like
  • nafar
    , contributor
    Comments (218) | Send Message
     
    Thanks Mr. Jeremy.
    9 Aug 2012, 08:26 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8609) | Send Message
     
    Now is the time to back up the truck in HPQ shares.
    12 Aug 2012, 10:35 PM Reply Like
  • tobpat
    , contributor
    Comment (1) | Send Message
     
    I'm crying...A good portion of our HP retirement is in HP stocks.
    9 Sep 2012, 04:15 AM Reply Like
  • chopchop0
    , contributor
    Comments (3427) | Send Message
     
    Violating Rule #1 about investing in your company's retirement plan. Diversification is key
    9 Sep 2012, 07:50 AM Reply Like
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