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 22.12

-0.7%

Jan 2 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: PCSS who wrote (434)	5/16/2002 1:03:20 PM
From: Elwood P. Dowd	of 4345

Hewlett-Packard (NYSE:HPQ - News): Still 3 STARS [hold] Analyst: Megan Graham-Hackett The company reported April quarter operating EPS of $0.25 vs. $0.17, in line with the Wall Street mean estimate. However, revenues, at $10.6 billion [down 9%], were below expectations of $11.1 billion. The revenue decline was offset by better than expected gross margin of 28.7% vs. 25.3%, aided by growth in supplies. Revenue declines were led by weakness in computing systems [because of stiff pricing and weak IT spending] and embedded/ personal systems. Printing & imaging sales were roughly flat. H-P left guidance for its June analyst meeting. At 15 times our fiscal 2003 [ending October] EPS estimate of $1.38, and with the company facing challenges to its profitability in the enterprise market and merger risks, they merit a hold rating. Go to www.businessweek.com to see all of our latest stories.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next