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Stock Market & Financial Investment News

News Breaks
January 4, 2013
13:00 EDTHPQHewlett-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.
News For HPQ From The Last 14 Days
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April 24, 2015
18:23 EDTHPQHP awarded $469M government contract
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April 23, 2015
11:31 EDTHPQOptions with increasing implied volatility
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April 22, 2015
13:39 EDTHPQAnalyst warns competition growing in 3D printing space
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11:08 EDTHPQOptions with increasing implied volatility
Options with increasing implied volatility: CZR FMSA PSEC CSX AEO CRM BBY SPLS HPQ DTV
April 21, 2015
11:16 EDTHPQOptions with increasing implied volatility
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09:37 EDTHPQHP sells Snapfish to District Photo ahead of seperation
HP announced a definitive agreement to divest Snapfish, its photo storage and merchandising business. District Photo will acquire the Snapfish business, including technology assets and employees. After the transaction closes, HP will maintain a partnership with Snapfish. Snapfish will continue to use HP printing solutions, and HP will provide the HP Connected Photo application developed by Snapfish on HP consumer PCs, including the Sprout computing platform, the company said. HP expects the transaction to close in the second half of FY15. Financial terms of the deal were not disclosed. It added, "The divestiture is consistent with HP’s strategy to focus the organization following HP’s previously announced separation."
08:04 EDTHPQHP, FireEye announce partnership
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05:56 EDTHPQStocks with implied volatility movement; CNX HPQ
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April 15, 2015
07:58 EDTHPQTsinghua confirms talks for controlling stake in HP unit in China, WSJ reports
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05:10 EDTHPQHP selects Antonio Lucio as Chief Marketing Officer of HP Inc.
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April 14, 2015
07:47 EDTHPQHP announces new $190M Medicaid contract in Arkansas
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April 13, 2015
19:43 EDTHPQHP reaffirms commitment to the public cloud
In a blog post on HP's website, senior VP Bill Hilf said, "In the past week, a quote of mine in the media was interpreted as HP is exiting the public cloud, which is not the case." Reference Link

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