HP upgraded at Argus As noted earlier, Argus upgraded HP to Buy from Hold. The firm upgraded the stock based on what it sees as the company's strong cash generation trends and signs that the company's positive top-line and bottom-line comparisons can be sustained going forward.
HP's Whitman: 'Hardware increasingly being pivoted to software,' WSJ reports Hewlett-Packard CEO Meg Whitman told the Wall Street Journal that even though some companies are pulling back in the hardware business, H-P is not. "This is the heritage of this company. Compute is who H-P is. We know more about computing than anyone. We are going to double down on that business. There is also a real software component to that business. We can sell security, big data, and software that manages information technology operations. Hardware is increasingly being pivoted to software," she said..Reference Link