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Technology Stocks : Hewlett-Packard (HPQ) -- Ignore unavailable to you. Want to Upgrade?


To: QuentR who wrote (371)5/14/2002 10:22:11 AM
From: Elwood P. Dowd  Respond to of 4345
 
Shannon knows hp(?)
by: skeptically 05/14/02 10:13 am
Msg: 132983 of 132984

theinquirer.net

ITUG/DECUS joint Euro conference starts in Lyon
Report from the front line
By Terry Shannon, 14/05/2002 10:08:18 BST

LYON, FRANCE-- Hundreds of ITUG and CUO-EMEA members converged on the Palais de Congres in Lyon to participate in the opening day of the third annual ITUG/DECUS Joint Conference. The conference delegates, who hailed from Europe, the United States, Australia, and New Zealand, got a first-hand look at the products, strategies, and senior managers of the New HP. Here is a brief summary of Day One Doings in Lyon.
No Surprises
Conference Chairs Micheal MacConmara and Yogesh Teli kicked off the opening session and introduced the two senior-ranking executives from the New HP. Network Storage Solutions VP and General Manager Howard Elias--a long-time supporter of user groups--provided an overview of the New HP as well as some interesting facts about the newly-formed IT industry powerhouse.

As a result of the May 7 merger of Compaq Computer and Hewlett-Packard Company, the New HP is the ninth largest company in the Fortune 500. More importantly, the firm is Number One in servers, storage, and personal computers, and enjoys top three market share in all major IT market segments. A true multinational corporation, the firm generates 60 percent of its revenue outside the United States, and is the world's 15th most valuable brand.

Mr. Elias discussed and described the New HP's organizational structure, product roadmaps, and go-to-market strategy. Significantly, the New HP is the first company to deliver comprehensive three-year product roadmaps to its customers. We'll discuss the roadmaps, product set, organizational issues, and other key aspects of the New HP in a future article.

"We're more ready than a lot of people thought," Elias commented on the New HP's readiness to do business and gain market share. Mr. Elias took pains to point out that a promise made is a promise kept:: our initial look at the new company's roadmap and product plans reveals that the New HP is honoring all the commitments and product plans articulated by Compaq in the pre-merger period. In short, SKHPC was pleasantly surprised to discover that there are no surprises in the New HP's product set and roadmap.

Kaspar Rorsted, Managing Director of Hewlett-Packard EMEA and Senior VP of the firm's Enterprise Systems Group, provided a first look at HP EMEA, an organization that boasts 45K employees and a dominant presence in EMEA. HP EMEA is leadership writ large: the organization boasts 46 percent market share in the Intel space, 37 percent of the UNIX marker, and 35 percent of the rapidly-growing storage marketplace. Look for HP EMEA to leverage its capabilities in the finance, telecom, and manufacturing markets.

Live on Tape: Scott Stallard
Key customer and employee visits precluded Scott Stallard, the newly-minted head of the New HP's Business Critical Systems group ....con't at link.................



To: QuentR who wrote (371)5/14/2002 10:26:05 AM
From: Jerome  Respond to of 4345
 
Thanks QuentR....Here is how I think it plays out.

1)HPQ slightly exceeds estimates

2)HPQ announces the intergration is doing better than expected.

3) With all the recent upgrades these analysts have no choice but to upgrade further. (Why upgrade last week prior to earnings ...only to downgrade this week?)

4 HPQ moves to the 23 to the 25 range by the end of this month.

JMO....Jerome