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Stock Market & Financial Investment News

News Breaks
February 21, 2013
14:02 EDTHPQEarnings Preview: HP shares recover after $8.8B charge related to Autonomy deal
Hewlett-Packard (HPQ) is set to report Q1 earnings after the market close on Thursday, February 21, with a conference call scheduled for 5:00 pm ET. Hewlett-Packard is an IT company that provides hardware, software, and business and enterprise solutions... EXPECTATIONS: Analysts are looking for EPS of 71c on revenue of $27.79B, according to First Call. The consensus range for EPS is 68c-82c on revenue of $26.3B-$28.72B... LAST QUARTER: HP reported Q4 EPS of $1.16 against estimates for $1.14 on revenue of $29.96B against estimates for $30.34B. HP said it sees Q1 EPS ex-items 68c-71c against then estimates for 85c. HP affirmed its FY13 EPS view of $3.40-$3.60 against then estimates for $3.52; current FY13 EPS consensus is $3.49. In its Q4 report, HP said it was taking an $8.8B charge primarily related to its acquisition of UK-based software company Autonomy. The company said a majority of this charge was related to "serious accounting improprieties, disclosure failures and outright misrepresentations...that occurred prior to HP's acquisition of Autonomy." On December 27, HP said the Department of Justice had opened an investigation related to Autonomy, and on February 11 the Financial Reporting Council, the UK's accounting regulator, confirmed it was investigating Autonomy. Following Dell's (DELL) February 5 announcement that it was being taken private, HP released a statement saying it plans to take "full advantage" of any opportunities presented to the company as a result of Dell's deal. Since its Q4 report, reports of activist involvement in HP or a possible breakup of the company have circulated, though none of these reports have been publicly confirmed or denied... STREET RESEARCH: In the days following HP's Q4 results, shares were downgraded by at least four analyst firms. Following Dell's deal to be taken private, Jefferies said a takeover of HP is unlikely, and the firm maintains an Underperform rating on shares with a $10 price target. Wells Fargo issued a note in response to a story from Quartz that said HP's board was studying a breakup of the company, that said the firm thinks HP may spin off smaller units of the company, but that the PC or printer businesses are unlikely candidates to be spun off; Wells Fargo maintains a Market Perform rating on the stock. In a note earlier today, Sterne Agee maintained its Neutral rating on HP shares, saying that though shares remain inexpensive, continued pressure on HP's core businesses may reveal further downside in the stock... PRICE ACTION: Shares of HP are up over 26% since the first day of trading following its Q4 report. Shares of HP are up 0.6% in early afternoon trading ahead of its Q1 report.
News For HPQ From The Last 14 Days
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July 28, 2014
07:48 EDTHPQHP awarded $55.8M five-year services contract by Anaheim, CA
HP Enterprise Services announced the city of Anaheim, CA, has signed a $55.8M agreement for HP to continue managing the city's information technology, or IT, environment. Under the five-year contract, which includes a pair of two-year extension options not included in the announced contract value, HP will continue providing a full suite of services for Anaheim's IT infrastructure. HP also will enhance services with an upgraded disaster recovery solution that will ensure business continuity following a catastrophic event. New services also include infrastructure enhancements designed to accelerate hosting service virtualization, lower power consumption with PC power management and enhance IT security.
July 24, 2014
07:50 EDTHPQHP, Hortonworks extend strategic partnership
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July 22, 2014
06:17 EDTHPQGlobal notebook shipments to increase 4.3% in Q3, DigiTimes Research says
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05:55 EDTHPQStocks with implied volatility movement; NQ HPQ
Stocks with implied volatility movement; NQ Mobile (NQ) 169, Hewlett-Packard (HPQ) 28 according to iVolatility.
July 21, 2014
10:43 EDTHPQFormer Autonomy CFO challenges proposed HP settlement, Re/code reports
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07:15 EDTHPQO'Reilly to hold a conference
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July 17, 2014
16:13 EDTHPQHP appoints Whitman Chairman, Alcoa's Kleinfeld joins board
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06:28 EDTHPQHP increasing fire-safety audits in China, WSJ reports
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July 16, 2014
16:00 EDTHPQOptions Update; July 16, 2014
iPath S&P 500 VIX Short-Term Futures down 70c to 27.25. Option volume leaders: AAPL FB GOOG AMZN TWTR TSLA C HPQ TWX INTC AMZN according to Track Data.
09:37 EDTHPQActive equity options trading on open
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08:55 EDTHPQBarclays tech hardware analyst holds an analyst/industry conference call
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08:05 EDTHPQHP has positive read through from Intel results, says Pacific Crest
Pacific Crest has an upward bias on its estimates for HP (HPQ) following Intel's (INTC) positive comments on the PC market. The firm thinks that HP's stock could jump another 20% if enterprise PC fundamentals continue to improve. It keeps an Outperform rating on HP.
July 15, 2014
08:09 EDTHPQRalph Whitworth taking leave of absence at Relational INvestors
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08:05 EDTHPQHP announces interim chairman Whitworth resigns for health reasons
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08:02 EDTHPQHP announces resignation of chairman Ralph Whitworth
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06:27 EDTHPQHP looks to crack tablet market in India with phablets, India Times reports
HP has aggressive plans to crack the tablet market in India by breaking into the phablet space, reports the India Times. The company's VP Ivy Liang said the company wants to "crack the right products in the phablet market" as it looks to expand its wings in the Indian market following the moderate success of HP Slate Voice Tabs. HP will now also explore telecom channels for the phablet go-to-market route. Reference Link
06:06 EDTHPQHP implied volatility of 21 at lower end of index mean range

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