Seeking Alpha

For whom H-P's (HPQ) FQ4 results toll: Dell (DELL) -1.9% premarket, Intel (INTC) -1.6%, AMD -1%....

For whom H-P's (HPQ) FQ4 results toll: Dell (DELL) -1.9% premarket, Intel (INTC) -1.6%, AMD -1%. H-P reported a 14% Y/Y drop in PC revenue and 12% drops in both desktop and notebook shipments. The drop in commercial PC revenue (13%) was nearly as bad as the drop in consumer PC revenue (16%).
Comments (2)
  • gmmpa
    , contributor
    Comments (466) | Send Message
    In case no one has heard companies are not hiring and lots of Americans are unemployed. This is not the best environment for discretionary PC purchases. Maybe those that have OBAMA phones can ask for OBAMA PCs from the Democrats to simulate growth in the sector. Maybe Santa Claus will give them one for Christmas. Doesn't the EBT card include consumer electronics?
    20 Nov 2012, 08:43 AM Reply Like
  • mpo092560
    , contributor
    Comment (1) | Send Message
    a side note ... the PCs and servers that have been purchased over the past few years are of extremely excellent quality. The design, engineering, components, and manufacturing processes have progressed to the point where PCs have much longer shelf lives than in the past. It is the start of a new replacement cycle that PC makers are going to have to live with ... longer durations between replenishment.
    20 Nov 2012, 09:37 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: