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News Breaks
14:13 EDTHPQ
theflyonthewall.com: Earnings Preview: Hewlett-Packard results should be consistent with guidance
Hewlett-Packard (HPQ) is expected to report Q4 earnings after the market close on Monday, November 23 with a conference call scheduled for 5 pm ET. The consensus estimate is $1.13 for EPS and $30.36B for revenue, according to First Call. The company announced preliminary Q4 results earlier this month of $1.14 on $30.8B in revenue, topping Wall Street's forecasts. HP also provided higher forward guidance for Q1 of $1.03-$1.05 on revenue of $29.6B-$29.9B, and for FY10 EPS $4.25-$4.35 on revenue of $118B-$119B. Investors will be looking for signs of improving health in the high-tech arena. Kaufman does not anticipate much surprise from the pre announcement, though focus will be on margins and details into the company's operating segments, such as its PC business and its printer and imaging group. They will also be looking for signs of additional growth from the company's services business, anchored by its recent acquisition of EDS. Kaufman is modeling EPS if $1.14, revenue $30.76B, and gross margin of 23.7%. Kaufman's read from industry sources indicates modest upside in services and a bigger upside in its hardware businesses. They also anticipate some additional insight into its acquisition of 3Com (COMS). They continue to view the acquisition of 3COM as a relatively low-risk, "bolt-on" acquisition, that does not change HP's landscape. Kaufman remains a buyer of HP shares as they find its valuation at 11x CY10E EPS inexpensive. They see HP as a fairly defensive play with its recurring profit streams, broad portfolio, geographic exposure, and room for operating leverage. Kaufman rates HP a Buy, with $57 target. :theflyonthewall.com



News For HPQ From The Last 14 Days
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February 9, 2010
07:57 EDTHPQ
theflyonthewall.com: Hewlett-Packard mentioned positively at JP Morgan
JP Morgan raised its Q1 estimate for Hewlett-Packard to $1.06 from $1.04 ahead of the company's February 17 results and recommends building positions in the name. The firm took its price target on shares up to $59 from $58 and keeps an Overweight rating on the stock. :theflyonthewall.com

February 8, 2010
07:37 EDTHPQ
theflyonthewall.com: IBM to introduce its Power7 chip, WSJ reports

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February 2, 2010
21:56 EDTHPQ
theflyonthewall.com: Jim Cramer's "Mad Money"

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February 1, 2010
09:55 EDTHPQ
theflyonthewall.com: China BAK Battery to supply lithium-ion battery to HP, Battery Knowledge reports

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07:57 EDTHPQ
theflyonthewall.com: Hewlett-Packard volatility elevated into EPS and outlook
Hewlett-Packard closed at $47.07. HPQ is expected to report Q1 EPS on February 17. February 47 straddle is priced at $3.02; March 47 is at $4.43. March put option implied volatility of 34 is above is above its 26-week average of 30, according to Track Data, suggesting larger price movement. :theflyonthewall.com
07:56 EDTHPQ
theflyonthewall.com: Kaufman Bros' Technology Analyst Research Team to host a conference call

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07:35 EDTHPQ
theflyonthewall.com: Microsoft's profits form Windows 7, but PC makers don't, WSJ reports
Microsoft's (MSFT) new Windows 7 operating system has increased its earnings and helped PC sales, but it has not helped the profits of several PC companies, reports the Wall Street Journal. A key reason: Laptop prices showed a record year-over-year decline, dropping 23% to an average of $581 last quarter from a year ago, says NPD Group, a market research company. Reference Link :theflyonthewall.com

January 31, 2010
22:07 EDTHPQ
theflyonthewall.com: Barron's says many financially strong companies that don't pay dividends should

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January 28, 2010
08:45 EDTHPQ
theflyonthewall.com: The Federal Trade Commission to host a workshop

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January 26, 2010
13:07 EDTHPQ
theflyonthewall.com: HP to appeal BSkyB ruling, Register reports
Hewlett-Packard (HPQ) will appeal a judge's decision in favor of BSkyB over a contract dispute with EDS, the Register reports. HP acquired EDS in 2008 and the case is thought to be the most expensive in British legal history. HP said in a statement: “This is a legacy issue, dating back to the EDS business in 2000, which HP inherited when it acquired EDS in 2008. We are pleased the Court dismissed the majority of the allegations made. While we accept that the contract was problematic, HP strongly maintains EDS did nothing to deceive BSkyB. HP will be seeking permission to appeal." Reference Link :theflyonthewall.com