Linked by Howard Fosdick on Wed 29th Aug 2012 20:25 UTC
Hardware, Embedded Systems Can Hewlett-Packard bounce back? Third quarter results are in and they don't look good. Total revenue is down 5% year over year, and profits tanked on a $9.2 billion noncash write-down on the 2008 EDS acquisition. What's HP's strategy? Meg Whitman has now been CEO of the struggling giant for a year. She compares HP's turnaround to that of Starbucks, saying "Usually these kinds of turnarounds take anywhere between four or five years... There's nothing fancy about these turnarounds. This is not advanced business, this is 101." I question if refocusing on core competencies is enough. Maybe HP needs to get into the smartphone and tablet markets. Maybe it needs to expand its services business. Think I'm wrong? Then bet your money on HP stock and get rich. HPQ trades at its lowest point in a decade and sells for an rock bottom forward P/E of 4.2.
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Probably the opposite direction...
by Luke McCarthy on Wed 29th Aug 2012 22:39 UTC
Luke McCarthy
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...and retreating from PCs and consumer devices. Didn't they announce they were getting out of the PC market a while back? What happened to that? Maybe it wouldn't be such a bad idea after all. They seem to have a bad reputation of overheating laptops. The Z1 AIO workstation looks cool but is out of my price range and a lot more expensive than an equivalent PC + monitor of the same specs. And it looks like Intel's Thin Mini-ITX platform will soon take over that space.

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