Hewlett-Packard (HPQ) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Hewlett-Packard (HPQ)

HPQ 24.76

-2.6%

Dec 12 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Oeconomicus who wrote (2325)	11/21/2002 4:18:20 PM
From: Dave B	of 4345

Bob, Though I don't have exact figures, earnings on the S&P 500 have grown by about 7% p.a. since 1934 Even if those numbers are correct, I'll bet that most of that growth came from new companies that were creating and expanding new markets that were added to the index -- not the old-line, "we-can-cut-our-expenses-to-increase-profits" companies that had been there a while. You can really only cut costs for a year or two with any significant impact. It might have been better to have simply jettisoned the money-losing businesses and keep the winners and higher-margin businesses (in HP's case, printers, services, etc.), but since Carly, with the acquisition, has firmly staked their ground in the second camp, even a 7% growth rate for them in earnings is now suspect IMO. Dave

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next