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H-P (HPQ -5.4%) dives as its analyst day gets underway (live blog, webcast). Meg Whitman has...

H-P (HPQ -5.4%) dives as its analyst day gets underway (live blog, webcast). Meg Whitman has declared FY13 to be a "fix and rebuild" year that will see a broad-based profit decline (centered around enterprise services), and has again made cautious remarks about European and Chinese demand (previous). Analysts currently expect H-P's FY13 EPS to rise slightly. Streamlining H-P's product line is named a priority: the company plans to halve its printer SKUs next year.
Comments (11)
  • Would have saved everyone time if she just strood up and said "SELL"
    3 Oct 2012, 12:12 PM Reply Like
  • why dont you ask about the detail on this "big bet on INK?" Page wide array (PWA) was a 2 billion dollar mistake. all they are betting that they can relaunch PWA because the MFP laser jet pipe is EMPTY. now HP thinks that reconfiguring PWA into smaller devices is going to redeem the loss? not in million years and not in the next 5 either.
    3 Oct 2012, 12:29 PM Reply Like
  • What can you say about HPQ?

     

    I wonder what new Director Ralph Whitworth had to say when they told him. After buying approximately 18 Million shares this year at roughly $22 my guess is he wasnt happy.

     

    HPQ's stock drops like the Piano in a Roadrunner cartoon. Ralph must feel like the Coyote about now.
    3 Oct 2012, 01:35 PM Reply Like
  • I bought at a lot cheaper than that and I feel like the coyote...
    3 Oct 2012, 05:10 PM Reply Like
  • Looks like much lower HPQ prices to come yet.
    3 Oct 2012, 05:47 PM Reply Like
  • Forward PE of ..... 4.5!?!?!?!?
    3 Oct 2012, 07:46 PM Reply Like
  • Doesn't look like $85M on last three CEOs was money well spent...the CEO/BoD system is broken in US corps
    3 Oct 2012, 08:09 PM Reply Like
  • I wish HPQ wasn't some CEO training college.
    4 Oct 2012, 07:50 AM Reply Like
  • I can't see college students doing their school work on Iphones. I think the computer, in some form, laptop, notebook, or what ever still has a huge place in the scheme of things and I think HPQ is in good position to capitalize on this.
    4 Oct 2012, 08:45 AM Reply Like
  • Yep. Try writing that Capstone paper on your iWhatever.
    9 Oct 2012, 12:36 PM Reply Like
  • HP just keeps dissapointing its investor day and night. They don't get any rest. Seriously, they should get a hold of themselves quick, or else they will find their stock being traded in the pink shits sooner than they can say "Meg Whitman".
    http://bit.ly/QTkWpa
    4 Oct 2012, 10:25 AM Reply Like
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