News Breaks |
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| January 4, 2013 |
| 13:00 EDT |  | HPQ | Hewlett-Packard calls WSJ article 'thoroughly misleading'
Hewlett-Packard (HPQ) issued a statement last night related to a Jan. 3, 2013, Wall Street Journal article, “Questioning Receivable Wisdom at H-P”, calling the story "thoroughly misleading." As part of its reply, HP noted that in FY12 the company generated $10.6B in operating cash flow and $7.5B in free cash flow and reduced its debt by $5.6B for the year, to a net debt position of $5.8B. HP added that the story's idea that the acceleration of cash via sold receivables added significantly to HP’s free cash flow generation is not accurate. HP said its receivables sales program has been in place since May 2011 and its impact on cash flow in FY12 was negligible, as previously noted in a 10K filing. In the WSJ article, author Rolfe Winkler wrote that sales of receivables are common at companies other than HP, but "for investors, they have cash-flow implications" as HP appears to be pulling more future cash flow forward via the practice. Winkler also contended that since the company does not disclose the discount at which it is selling receivables, investors can't tell how much future cash is being sacrificed and that "their growth is potentially worrisome." In early afternoon trading, shares of Hewlett-Packard fell 3c, or 0.17%, to $15.11. |
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News For HPQ From The Last 14 Days Check below for free stories on HPQ the last two weeks. |
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| May 17, 2013 |
| 09:37 EDT |  | HPQ | Active equity option families trading on open
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| 07:00 EDT | | HPQ | Hewlett-Packard volatility elevated into Q2 and revenue outlook
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| May 15, 2013 |
| 09:39 EDT |  | HPQ | Hewlett-Packard estimates remain below Street at Cleveland Research
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| 08:08 EDT |  | HPQ | PC sales decline in Western Europe, Economic Times reports
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| May 13, 2013 |
| 16:27 EDT | | HPQ | Hewlett-Packard hasn't tried to sell Autonomy to SAP, AllThingsD reports
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| 15:45 EDT | | HPQ | Options Update; May 13, 2013
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| 10:41 EDT | | HPQ | SAP says HP offered to sell Autonomy, London Times reports
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| May 10, 2013 |
| 14:52 EDT |  | HPQ | Market poised to end week higher as tech helps lead advance
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| May 8, 2013 |
| 09:50 EDT | | HPQ | Pacific Crest has more questions than answers on Fusion-io
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| 09:20 EDT | | HPQ | Fusion-io plummets after resignations of CEO, Chief Marketing Officer
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| 07:49 EDT |  | HPQ | BofA/Merrill's semiconductor analyst holds an analyst/industry conference call
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| May 7, 2013 |
| 06:21 EDT | | HPQ | Qualcomm elects Jonathan Rubinstein to board of directors
Qualcomm (QCOM) announced the election of Jonathan Rubinstein to its Board of Directors. Rubinstein brings more than 30 years of experience in the mobile, computing and consumer electronics industries to the position, and he last served as senior vice president of Product Innovation for Hewlett-Packard Company (HPQ) until January 2012. |
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| May 6, 2013 |
| 07:17 EDT | | HPQ | Summit Business Media holds a conference
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