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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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November 21, 2014
12:08 EDTHPQHP December volatility elevated into Q4 and outlook
HP November weekly call option implied volatility is at 41, December is at 32, January is at 23, February is at 22; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on November 25.
November 20, 2014
12:00 EDTHPQAnalyst sees new competition shaking up 3D printing market
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08:04 EDTHPQHP December volatility elevated into Q4 and outlook
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November 19, 2014
16:32 EDTHPQStratasys appoints ex-Hewlett-Packard Chris Morgan as CMO
Stratasys (SSYS) appointed Chris Morgan as Senior VP and Chief Marketing Officer for Stratasys. Morgan is a 25-year veteran of HP (HPQ).
07:46 EDTHPQSymantec, Hewlett-Packard announce DRaaS solution partnership
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November 12, 2014
15:08 EDTHPQEarnings Preview: Cisco reports amid analyst debate on break-up potential
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November 11, 2014
06:03 EDTHPQQ4 global tablet shipments estimated at 74.5M units, DigiTimes reports
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