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News Breaks
November 23, 2009
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 13, 2012
14:51 EDTHPQ
theflyonthewall.com: Hewlett-Packard volatility low into Q1 and enterprise sales growth outlook

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07:22 EDTHPQ
theflyonthewall.com: Pricing for ultrabooks won't hit 'sweet spot' until 2013, DigiTimes says

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February 10, 2012
16:13 EDTHPQ
theflyonthewall.com: On The Fly: Closing Wrap

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07:37 EDTHPQ
theflyonthewall.com: Tablet sales could reach 248.6M units, smartphones 1B by 2015, BGR reports
Global tablet sales, which hit 67M in 2011, could grow to 248.6M by 2015, with smartphones projected to hit 1B during the same period, according to BGR. Reference Link :theflyonthewall.com

February 9, 2012
10:32 EDTHPQ
theflyonthewall.com: On The Fly: Analyst Initiation Summary

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07:06 EDTHPQ
theflyonthewall.com: Hewlett-Packard initiated with a Neutral at Mizuho
Target $30. :theflyonthewall.com
06:45 EDTHPQ
theflyonthewall.com: HP places notebook order with Pegatron, Digitimes reports
Hewlett-Packard (HPQ) recently placed a large notebook order with Pegatron which, added to existing orders, gives the company the possibility of shipping 20M notebooks in 2012, according to Digitimes. Reference Link :theflyonthewall.com

February 8, 2012
08:00 EDTHPQ
theflyonthewall.com: HP likely to debut next Intel-powered servers at event, Channel Register says

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06:39 EDTHPQ
theflyonthewall.com: Vendors consider selling $299 tablets in emerging markets, Digitimes reports

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February 7, 2012
12:37 EDTHPQ
theflyonthewall.com: Worldwide IT spending increased 5% in 2011, Cnet reports
Global IT spending increased 5% in 2011, according to Cnet, which cited an IDC report that was released yesterday. Reference Link :theflyonthewall.com
07:29 EDTHPQ
theflyonthewall.com: Hewlett-Packard volatility low into Q1 and enterprise sales growth outlook

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06:31 EDTHPQ
theflyonthewall.com: Vendors lower ultrabook prices to prepare for 2nd-generation, Digitimes reports
Ultrabook vendors have recently dropped prices as a way of preparing for upcoming models set to launch once Intel releases its new Ivy Bridge processors, according to Digitimes. Reference Link :theflyonthewall.com
05:07 EDTHPQ
theflyonthewall.com: Hewlett-Packard helps China's Liaoning Mobile manage its network better
Hewlett-Packard announced that Liaoning Mobile, a fast-growing division of the telecommunications company China Mobile, has selected HP solutions and services to manage its network operations, helping to ensure a consistent, positive customer experience. Liaoning Mobile provides voice and data services to more than 36M customers in China's Liaoning Province. Liaoning Mobile is deploying HP TeMIP -- a fault-management solution -- and the HP Service Quality Management, or SQM, solution to assure high-quality service to its customers. Both solutions are part of the HP Operations Support Systems, or OSS, - Transformation portfolio. :theflyonthewall.com

February 6, 2012
07:40 EDTHPQ
theflyonthewall.com: Lenovo eying top global PC vendor spot this year, DigiTimes reports

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07:00 EDTHPQ
theflyonthewall.com: Hewlett-Packard to let shareholders approve proxy access, WSJ reports

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06:20 EDTHPQ
theflyonthewall.com: On the Fly: Periodicals Wrap-Up

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05:38 EDTHPQ
theflyonthewall.com: CommVault CEO says plans to continue as independent company, Reuters reports
Despite M&A buzz, CommVault Systems (CVLT) Bob Hammer says he is focused on creating shareholder value "on our own as an independent company," Reuters reports. Hammer, who says he is looking to grow the company's annual revenues over the next five years to about $1B, says he has not ruled out forming more business partnerships. Reference Link :theflyonthewall.com

February 5, 2012
16:14 EDTHPQ
theflyonthewall.com: Lenovo is spreading its bets, Barron's reports

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February 2, 2012
11:01 EDTHPQ
theflyonthewall.com: Hewlett-Packard recalls over 1M fax machines due to fire and burn hazards

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06:21 EDTHPQ
theflyonthewall.com: Notebook shipments predicted to rise in 2H12, Digitimes reports
With the recovery of the hard drive industry and release of Windows 8 in Q3, notebook shipments are expected to rise significantly in 2H12, perhaps hitting shipment proportions of 40% and 60% between the first and second halves, according to Digitimes. Reference Link :theflyonthewall.com
06:16 EDTHPQ
theflyonthewall.com: HP to ramp up notebook shipments from Chongqing in 2012, Digitimes reports
Hewlett-Packard (HPQ) is set to again increase notebook shipments coming out of Chongqing, China this year, according to Digitimes. Reference Link :theflyonthewall.com

January 31, 2012
11:55 EDTHPQ
theflyonthewall.com: webOS chief architect leaving HP, The Verge reports

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06:35 EDTHPQ
theflyonthewall.com: Apple overtakes HP in global PC market, Digitimes reports

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06:31 EDTHPQ
theflyonthewall.com: Rapid growth, emerging markets drive tablet demand, Digitimes reports
Tablet PC shipments are expected to grow from 72.7M units in 2011 to 383.3M by 2017, with growth driven by emerging markets as well as steady demand in mature markets, according to DisplaySearch and reported in Digitimes. Reference Link :theflyonthewall.com
04:40 EDTHPQ
theflyonthewall.com: Court rejects HP's attempt to keep truth about Itanium's death from customers
Oracle (ORCL) issued the following statement in response to a ruling in the ongoing litigation with Hewlett-Packard (HPQ) relating to the Intel Itanium platform: "Oracle is delighted that the Superior Court of the State of California, Santa Clara County, has rejected HP's attempt to hide the truth about Itanium's certain end of life from its customers, partners and own employees. We look forward to seeing all of the facts made public that demonstrate how HP has known for years that Itanium is end of life." :theflyonthewall.com
04:36 EDTHPQ
theflyonthewall.com: Court rejects Oracle's attempt to use fraud claim to undo contract with HP

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January 30, 2012
17:12 EDTHPQ
theflyonthewall.com: Hewlett-Packard board member Babbio to not seek re-election
Hewlett-Packard disclosed that Lawrence Babbio, Jr. notified the board of directors that he will not stand for re-election at the next annual meeting of stockholders. Babbio will continue to serve as a director of HP until HP’s next annual meeting of stockholders, which is scheduled to be held on March 21. :theflyonthewall.com
09:50 EDTHPQ
theflyonthewall.com: NPD: Tablet shipments to reach 383.3M units by 2017, TechCrunch reports

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08:42 EDTHPQ
theflyonthewall.com: Hewlett-Packard breaks below its 10-day MA, support is at $26.92, its 50-day MA

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