HP Sets New Low, Week After Posting Biggest-Ever Loss

IBTimes Logo
Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer company, set a new 52-week low of $16.77 on Thursday, after posting a record third-quarter loss last week and reducing earnings estimates for the current quarter.
More news
IBTimes Logo

Dell Shares Plummet 5% After Dismal Forecast

Shares of Dell (Nasdaq: DELL), the No. 3 PC maker, plunged more than 5 percent after the company reported poor second-quarter results and issued a forecast for lower sales ahead. In pre-market trading, shares fell as low as $11.72, down 62 cents.
Meg Whitman gives her concession speech during her election night rally in Los Angeles

Hewlett-Packard 3Q Earnings: Will It Be Whitman’s Final Loss?

Hewlett-Packard Co. (NYSE: HPQ), the world’s biggest computer company, has nowhere to go but up. Scheduled to report third-quarter financials after the market close Wednesday, investors and technologists will be watching for signs that its restructuring and massive write-offs are over.
Google executive chairman Eric Schmidt speaks at The Sloan School of Management at Massachusetts Institute of Technology in Cambridge

Technology?s Cash Piles: Top U.S. Leaders Stash Nears $400B

Don?t say technology companies aren?t enormously profitable. An IBTimes review of the cash and investment holdings of 11 of the top technology leaders shows they are sitting atop nearly $375 billion in cash and investments ? or about 24 percent more since the last survey nine months ago.
IBTimes Logo

Lenovo Group 1Q Earnings Jump 30% As No. 2’s Sales Soar

China’s Lenovo Group (Pink: LNVGY), the No. 2 PC maker, reported first-quarter net income jumped 30 percent , ahead of estimates, as global revenue rose 35 percent – far better than performance for its U.S. rivals, Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL), the No. 3 PC maker.
IBTimes Logo

Dell Gets Bashed By S&P ‘Bearish’ PC Outlook

Wall Street powerhouse Standard & Poor’s lowered its opinion of Dell (Nasdaq: DELL), the No. 3 PC maker, because it’s becoming “more bearish of the PC industry in general,” the ratings agency said Wednesday. It trimmed its 12-month target price for Dell shares to $14 from $15.
John Chambers, CEO of Cisco Systems, speaks during a news conference at at the 2010 International Consumer Electronics Show (CES) in Las Vegas

Cisco’s 4Q Results: Major Tech Bellwether For HP, Oracle

Cisco Systems Inc. (Nasdaq: CSCO), the No. 1 provider of Internet gear, is scheduled to report fourth-quarter results Wednesday that are expected to be much better than last year’s when CEO John Chambers said the company was overmanned and was in the midst of layoffs and retrenchment.
IBTimes Logo

HP Boosts Earnings Estimates After Firings Start

Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, raised its estimates for third-quarter earnings to $1 a share from 94 cents apparently because of higher demand as well as the initial impact of firing 27,000 employees to shave costs.
Meg Whitman gives her concession speech during her election night rally in Los Angeles

HP’s Whitman: Could She Be Romney Dark Horse VP Pick?

Presumptive Republican presidential nominee Mitt Romney has been winnowing his picks for Vice President in private, with most handicappers suggesting nominees who’ve held public office. How about Margaret (Meg) Whitman, CEO of Hewlett-Packard Co. (NYSE: HPQ), one of his fondest supporters?
Author J K Rowling arrives at the world premiere of "Harry Potter and the Deathly Hallows - Part 2" in Trafalgar Square, in central London

JK Rowling Will Answer Fan Questions Via Webcast In October

Today "Harry Potter" author J K Rowling turns 47, and she has some exciting news for her fans. Rowling will participate in a live webcast on October 11, The Mary Sue reports, answering questions from young fans about Mr. Potter and the wizarding world she created with her seven book series.
Marissa Mayer, CEO of Yahoo (Nasdaq: YHOO)

Technology Focus: Hedging Bets In High Tech For Yahoo, AOL, HP

Internet users and investors were heartened last week when Yahoo (Nasdaq: YHOO), elected Marissa Mayer, 37, as its third CEO in less than a year. A hedge fund gets part of the credit but not all hedge funds score as well in the tech sector: how about Eastman Kodak (Pink: EKDKQ)?

If Intel Catches Cold, Does Tech Get Pneumonia?

Intel (Nasdaq: INTC), the No. 1 chipmaker, Tuesday reported decent second-quarter financials but spooked investors and Silicon Valley with the dreaded news: third-quarter sales will be worse than expected.
IBTimes Logo

HP Keeps PC Crown But Lenovo Very Close

Hewlett-Packard Co. (NYSE: HPQ) narrowly retained its spot as No. 1 in global PC sales but China?s Lenovo Group (Pink: LNVGY) is within striking distance, market researcher Gartner Group (NYSE: IT) reported.


IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.