Hewlett-Packard (HPQ) Message Board

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Technology Stocks : Hewlett-Packard (HPQ)

HPQ 24.73

-2.2%

Nov 11 3:59 PM EST

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To: Brian who wrote (3879)	7/28/2005 11:48:09 AM
From: Elroy	Read Replies (1) of 4345

How about this? Companies have generally been saying that tech sales into Europe in Q2 ave been weak. HPQ gets 40% of sales from Europe, the highest % of any of the large US tech companies. LXK said price pressure in printers was strong, and they missed June and lowered forecasts for September. HPQ has a new CEO that has been known to be preparing headcount reductions, which were announced about two weeks ago. CLS said tech infrastructure was weak, and lowered revenue guidance for September. SANM had a weak June Q, cited low demand for PCs, and lowered revenue guidance for September. HPQ is SANM's #1 customer (after IBM). It seem obvious to me that HPQ is probably going to miss its July Q revenues, but the stock keeps doing well. What am I not seeing?

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