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Oct 10, 2012
Oct 8, 2012
Oct 8, 2012
Oct 4, 2012
Oct 4, 2012
Oct 4, 2012

In mobile-computing boom, a battle rages for marketing

NEW YORK/SAN FRANCISCO, Oct 4 (Reuters) – Amazon.com Inc
CEO and founder Jeff Bezos, who quipped at a
shareholder meeting a few years ago that “advertising is the
price you pay for having an unremarkable product,” is eating
those words.

Three years on, as the company moves aggressively into the
mobile computing business with its Kindle tablets and ereaders,
Amazon has already spent $34 million on TV advertising for the
Kindle in the first half of the year, according to Kantar Media,
and there’s more to come.

Oct 4, 2012

HP’s outlook disappoints, driving shares to nine-year low

SAN FRANCISCO (Reuters) – Hewlett-Packard Co’s shares plunged to a nine-year low on Wednesday after Chief Executive Meg Whitman warned of an unexpectedly steep earnings slide in 2013, with revenue set to fall in every business division except software.

Wall Street had hoped for quicker signs of progress on Whitman’s turnaround plan, which centers on transforming the former industry powerhouse into an enterprise computing corporation that can take on IBM and Dell Inc.

Oct 3, 2012

HP’s shares hit 9-year low as 2013 outlook disappoints

SAN FRANCISCO, Oct 3 (Reuters) – Hewlett-Packard Co’s
shares plunged to a nine-year low on Wednesday after
Chief Executive Meg Whitman warned of an unexpectedly steep
earnings slide in 2013, with revenue set to fall in every
business division except software.

Wall Street had hoped for quicker signs of progress on
Whitman’s turnaround plan, which centers on transforming the
former industry powerhouse into an enterprise computing
corporation.

Oct 3, 2012

HP’s 2013 outlook disappoints, shares near 9-year low

SAN FRANCISCO, Oct 3 (Reuters) – Hewlett-Packard
warned of a worsening outlook for 2013 earnings on Wednesday,
reflecting slow progress on CEO Meg Whitman’s turnaround plan
while technology spending sputters, sending its shares to a
nine-year low.

HP, the largest U.S. technology company by revenue, forecast
that its earnings will slide sharply next year, compared with
Wall Street’s expectations for flat profits.

Oct 3, 2012

HP’s 2013 outlook falls flat, shares near nine-year low

SAN FRANCISCO (Reuters) – Hewlett-Packard offered a 2013 earnings outlook on Thursday that underscored slow progress on CEO Meg Whitman’s turnaround plan and decelerating technology spending worldwide, sending its shares to a nine-year low.

Shares in the largest U.S. technology company by revenue plummeted as much as 7 percent after it forecast earnings, excluding certain items, of between $3.40 to $3.60 a share in fiscal 2013.

    • 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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