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Nov 27, 2013

HP shares jump on turnaround hopes; margins a concern

Nov 27 (Reuters) – Hewlett-Packard Co shares soared
near their 52-week high on Wednesday after investors saw signs a
turnaround plan was gaining traction, but Wall Street worried
the improvement was coming at the expense of margins.

HP shares jumped nearly 10 percent to $27.56 in afternoon
trading, after at least one brokerage raised its rating on the
PC maker’s shares and another nine raised their price targets.

Nov 27, 2013
Nov 27, 2013

HP enterprise sales pickup stirs turnaround hopes

SAN FRANCISCO (Reuters) – Hewlett-Packard Co beat revenue forecasts as sales growth in its enterprise group inspired cautious optimism about the company’s turnaround plan, and its shares rallied more than 7 percent.

Revenue from the sprawling enterprise group, which Chief Executive Meg Whitman is focused on expanding as personal computer sales crumble globally, climbed 2 percent, aided by a 10 percent rise in server sales and 3 percent growth of the networking business.

Nov 26, 2013

HP quarterly revenue beats, shares jump

SAN FRANCISCO (Reuters) – Hewlett-Packard Co’s revenue beat forecasts as sales growth in its enterprise group inspired cautious optimism about the company’s turnaround plan, and its shares rallied more than 7 percent.

Revenue from the sprawling enterprise group, which Chief Executive Meg Whitman is focused on expanding as personal computer sales crumble globally, climbed 2 percent, aided by a 10 percent rise in server sales and 3 percent growth of the networking business.

Nov 26, 2013
Nov 24, 2013

HP may have yet another problem: China

SAN FRANCISCO (Reuters) – Signs of rapidly worsening Chinese demand for IT giants IBM and Cisco Systems Inc are starting to spook Hewlett-Packard investors.

HP’s year-long stock rally sputtered last week amid fears a faster-than-anticipated slowdown in emerging markets, above all China, may dash the computing giant’s hopes for a return to growth in 2014 or beyond.

Nov 19, 2013
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    • About Poornima

      "Poornima Gupta writes about technology out of San Francisco, covering consumer and enterprise device makers Apple, HP and Dell. She previously spent five years in Detroit covering the crisis-ridden U.S. automotive sector that resulted in two of the biggest bankruptcy filings in the industrial world. She won a SABEW award for reporting on the failed merger between GM and Chrysler, and their negotiations with the federal government."
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