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Oct 9, 2013

HP CEO expects revenue stability in 2014; shares climb

SAN JOSE, Oct 9 (Reuters) – Hewlett Packard Co Chief
Executive Meg Whitman expects revenue to stabilize in 2014 with
“pockets of growth” before the business accelerates again in
2015, sending the stock up as much as 9.5 percent on Wednesday.

Whitman’s comments to analysts at an annual investor
briefing eased Wall Street’s concerns about her multiyear
turnaround program. They helped the shares recoup some of their
20-percent loss since August, when the CEO warned that growth in
2014 was unlikely.

    • 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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