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Technology Stocks : HWP -- Hewlett Packard -- Ignore unavailable to you. Want to Upgrade?


To: BelowTheCrowd who wrote (3305)10/28/1999 7:37:00 PM
From: BelowTheCrowd  Respond to of 4722
 
This kind of says it all...

Wall Street analysts have privately criticized Hewlett-Packard for years because of what they view as vague guidance for upcoming quarters. The majority of U.S. high-tech companies routinely give ballpark figures on sales and profit growth on quarterly conference calls, and in private discussions with analysts throughout the quarter.

``They don't know how to talk to the Street,' said analyst David Wu at ABN Amro Chicago Corp. ``If in fact the trend is to guide the (earnings estimates) down, they should issue a press release that morning, rather than if you call you find out.'


dailynews.yahoo.com



To: BelowTheCrowd who wrote (3305)10/28/1999 8:28:00 PM
From: Road Walker  Read Replies (1) | Respond to of 4722
 
Michael, re: "I'm embarrassed to be working here today"

I'm more than a little shocked by your post. A few points:

- HP screwed up with the way they handled this information.
- HP has traditionally been one of the best companies to work for; one of the most innovative; a brand known for quality.
- I've never invested in a company, or worked for a company, that didn't make mistakes, unless they were not trying.

As an investor (owner) of the company, my hope is the criticism on a public forum will make it's way to the appropriate people responsible for the decisions that were made over the last 48 hours. I think YOU might be better off forwarding these posts to investor relations, with your personal opinions.

As an aside, my largest holding is Intel. They are often criticized for their lack of feedback to the analysts, for being anal retentive in the specificity of their statements. In the long run, I prefer their approach.

Bottom line, you work for one of the best companies in the US. You should try to change it for the better, not criticize it in public. If you retain your job, I will be even more impressed with HP.

John