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Technology Stocks : Hewlett-Packard (HPQ)
HPQ 26.64+2.7%Nov 5 3:59 PM EST
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To: Erazmus2 who wrote (4129)9/29/2008 10:22:33 AM
From: w0z1 Recommendation  Read Replies (2) of 4345
 
>Can anyone tell me why their share price is going up

1. Earnings are going up faster than predicted (either by HP or analysts). I believe HP has beaten analysts' ESP estimates every quarter since Hurd took over.
2. Market share is increasing in several areas.
3. Stock buybacks reduce the float which in turn increases earnings per share (i.e. dividing earnings by fewer shares).
4. The street loves Mark Hurd who underpromises and overperforms per Hewlett and Packard's original philosophy.
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