HP Inc. (HPQ) - NYSE
  • Nov. 12, 2012, 6:12 PM

    The PC industry could lose 50M-100M units in annual sales by 2015 thanks largely to the impact of mobile devices, argues Barclays in a depressing report. Barclays, which is cutting estimates for Dell (DELL) and H-P (HPQ), forecasts PC sales will fall another 4% next year to 338M, and total just 311.5M in 2015. On the other hand, it expects tablet sales to reach 182M next year and 300M in 2016. Longbow is also downbeat, claiming checks indicate notebook orders are being cancelled; ultrabook demand is soft, and Intel and AMD are cutting prices.

    | Nov. 12, 2012, 6:12 PM | 40 Comments
  • Nov. 9, 2012, 9:46 AM

    With Oracle now legally required to keep supporting it, Intel (INTC) has announced a refresh for its Itanium high-end server CPU line, whose market share is a small fraction of the Xeon line. The Itanium 9500 (code-named Poulson) promises over 2x the performance of its predecessor, and delivers new features meant to improve reliability. Intel also promises its next Itanium chip will allow Xeon and Itanium servers to be built using common parts. H-P (HPQ), by far the biggest supporter of "Itanic," has introduced new servers. (HPQ Project Odyssey)

    | Nov. 9, 2012, 9:46 AM
  • Nov. 1, 2012, 6:25 PM

    H-P (HPQ) has named Martin Fink, a 27-year company vet and most recently the GM of its high-end server business, its new CTO and director of HP Labs. Former CTO Prith Banerjee left in April.

    | Nov. 1, 2012, 6:25 PM | 2 Comments
  • Oct. 30, 2012, 1:36 PM

    4M Windows 8 upgrades were sold to consumers during its first 3 days of availability, Steve Ballmer discloses at Microsoft's (MSFT) BUILD conference. An aggressive upgrade price of $40 has something to do with that figure. John Paczkowski notes Windows 7 sales (including new PCs) totaled 175M in their first year, and that Microsoft has a total base of 1.25B PCs. Reviewers continue to complain about using the new UI with a keyboard/mouse, but some users like the revamp, and investor expectations are pretty low at this point. (live blog) (more)

    | Oct. 30, 2012, 1:36 PM | 22 Comments
  • Oct. 30, 2012, 6:19 AM

    H-P (HPQ) is set to unveil its first new line of printers in seven years as Meg Whitman continues her attempt to turn the company around by increasing its middling share of the fast-growing market for "multifunction" printers, which include scanners and software to manage electronic documents. The new products are also among the first fruits of Whitman's decision to increase R&D spending again.

    | Oct. 30, 2012, 6:19 AM | 2 Comments
  • Oct. 28, 2012, 3:45 AM

    The success of Microsoft's (MSFT) Windows 8 touch operating system depends as much as anything on components that cost under $10: hinges. Laptops and tablets with folding, sliding or detachable keyboards need to be able to survive much twisting, turning and poking. Toshiba has six engineers working just on hinges, H-P (HPQ) spent three months perfecting a new laptop with a detachable screen, and Lenovo built a machine that opened and closed computers a mere 25,000 times.

    | Oct. 28, 2012, 3:45 AM | 8 Comments
  • Oct. 25, 2012, 12:46 PM
    Microsoft (MSFT) officially launches Windows 8 at an NYC event (live blog) that's light on new details. More importantly, a flurry of Windows 8 reviews are out. Like others, David Pogue isn't a fan of Microsoft's efforts to fuse two UIs: "TileWorld is fantastic for touch screens ... Desktop Windows is obviously designed for the mouse ... you can’t live exclusively in one world or the other." The Verge has similar concerns, but is more positive about Win. 8's tablet potential. "Picking up a tablet PC with Windows 8 makes an iPad feel immediately out of date." (more)
    | Oct. 25, 2012, 12:46 PM | 35 Comments
  • Oct. 25, 2012, 10:16 AM

    Logitech (LOGI -10.5%) becomes the latest PC-centric name to fall after a weak earnings report. In addition to missing FQ2 estimates, the company warned its fiscal 2H sales and operating income will be down Y/Y. FQ2 OEM sales fell 27% Y/Y (weaker keyboard/mouse sales), echoing Microsoft's huge Windows sales drop, while retail sales fell 5%. Audio sales -14%, Video -17%, Harmony remote sales -14%, with units falling 31%. Gross margin was up 500 bps Q/Q and 210 bps Y/Y. (prepared remarks, slides - PDF)

    | Oct. 25, 2012, 10:16 AM
  • Oct. 24, 2012, 2:39 PM
    Apple and Samsung can exhale: H-P (HPQ) won't be making a smartphone next year, says Meg Whitman at a Gartner event, while adding the company remains interested in eventually offering one. Whitman also declared 2013 a "fix and rebuild" year and reaffirmed H-P commitment to the PC market, in spite of its recent struggles. Slumping Autonomy's big data analytics position was talked up, and Whitman claimed H-P had 2K public cloud beta customers. (FY13 guidance)
    | Oct. 24, 2012, 2:39 PM | 3 Comments
  • Oct. 22, 2012, 6:29 PM

    Gartner now expects 2012 global IT spending of $3.6T (hurt by forex), down a bit from a prior forecast of $3.75T. Spending is expected to grow a muted 3.8% next year to $3.7T. Microsoft and IBM's Q3 reports and commentary (I, II) have already raised fears of a soft IT spending environment. Also: Gartner expects half of all non-PC devices sold in 2016, and half of all business IT devices sold at the end of the decade, will be bought by employees - that's a long-term trend that could benefit Apple and hurt Microsoft.

    | Oct. 22, 2012, 6:29 PM | 5 Comments
  • Oct. 22, 2012, 2:42 PM

    ServiceNow (NOW -2.9%) slides as H-P (HPQ) introduces cloud-based IT service desk software with fairly aggressive pricing - $89/month for dedicated users, $178/month for a "floating" account that's shared between users. H-P's pricing suggests a willingness to cannibalize sales as of its traditional Service Manager software in order to stem the share gains of ServiceNow and other cloud-based rivals. Citrix (CTXS) entered this market last month by acquiring startup Beetil.

    | Oct. 22, 2012, 2:42 PM
  • Oct. 21, 2012, 4:15 AM

    H-P (HPQ) intends to end its agreement with Violin Memory to resell the latter's solid-state storage machines in favor of H-P's own 3PAR storage devices, Bloomberg reports. The move would be a major blow to Violin, which has reportedly confidentially filed for an IPO under the JOBS Act. Violin says that its relationship with H-P "remains unchanged."

    | Oct. 21, 2012, 4:15 AM
  • Oct. 20, 2012, 10:12 AM

    Where was this story 50% ago? Its cover showing a tombstone engraved "R.I.P. PC," Barron's says DELL and H-P (HPQ) will fade from view. Next up for trouble could be Microsoft (MSFT), seemingly cheap at 9X 2013 earnings, but which reported sales at its Windows unit off by a third Y/Y after backing out pre-sales for Windows 8. The world awaits the launch of Surface at midnight on Friday. More winners/losers here.

    | Oct. 20, 2012, 10:12 AM | 225 Comments
  • Oct. 17, 2012, 12:00 PM
    Walt Mossberg's review of Windows 8 (MSFT) is fairly positive, but also features some qualifiers. Microsoft's new tablet-centric interface (formerly called Metro) "worked very well, very smoothly and holds its own with iPad and Android," says Mossberg, but he adds (echoing the concerns of others) it "risks confusing traditional PC users, who will be jumping back and forth between two ways of doing things." He's also a fan of Win. 8's multi-touch gestures and Charms control strip. (more)
    | Oct. 17, 2012, 12:00 PM | 12 Comments
  • Oct. 16, 2012, 5:31 PM

    Mentioned during Intel's Q3 earnings call (webcast): Q4 gross margin weakness has much to do with capacity adjustments rather than price cuts or mix shifts. But the company is taking "aggressive tactical actions" to lower inventory, as PC demand stays soft and OEMs prove cautious about placing orders. Also, enterprise server demand has softened, though cloud sales are strong. Intel's inventory and capex guidance suggest it isn't counting on PC demand rebounding strongly anytime soon. INTC -3.3% AH.

    | Oct. 16, 2012, 5:31 PM | 40 Comments
  • Oct. 15, 2012, 2:40 PM

    Topeka's Brian White found sentiment regarding Windows 8 (MSFT) to be "overwhelmingly negative" during meetings with PC supply chain sources, with suppliers warning facilities could be idle in December. Ultrabook sentiment has also worsened, as high price tags limit sales. Given how depressed PC industry expectations have already become, a moderately enthusiastic consumer response to Windows 8 could be enough to pleasantly surprise the Street. (more)

    | Oct. 15, 2012, 2:40 PM | 14 Comments
Company Description
HP Inc. provides products, technologies, software, solutions and services to individual consumers, small and medium-sized businesses and large enterprises, including customers in the government, health and education sectors. It operates through seven business segments: Personal Systems,... More
Sector: Technology
Industry: Diversified Computer Systems
Country: United States