More on H-P's FQ1: FY13 guidance is unchanged, but the Street might believe it now. PC sales -8%...

|By:, SA News Editor

More on H-P's FQ1: FY13 guidance is unchanged, but the Street might believe it now. PC sales -8% Y/Y, better than FQ4's -14%. Printing -5% (even with FQ4) - consumer hardware -13%, commercial -6%. Enterprise hardware -4% (-9% prior) - high-end servers -24%, x86 servers -3%, storage -13%, networking +4%. Services -7% (-6% prior), op. margin just 1.3%. Software -2%, license revenue -16%. R&D -13% Q/Q to just $794M (2.7% of revenue), SG&A up slightly. $253M worth of buybacks. HPQ +6.4% AH. CC at 5PM ET (webcast). (PR)