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

To: PCSS who wrote (2005)	10/22/2002 9:04:47 PM
From: The Duke of URL©	Read Replies (1) \| Respond to of 4345

And yet a third way of saying the same thing? :)) HP makes its case to analysts By Ian Fried Staff Writer, CNET News.com October 22, 2002, 5:02 PM PT Hewlett-Packard CEO Carly Fiorina made the pitch to analysts Tuesday that her company has made the right bets as the technology industry enters a period of slower growth. Fiorina cited a Goldman Sachs study that showed that more than half of technology managers won't even spend all of their constrained budgets this year. And Fiorina wasn't too optimistic for next year, either. "There is commentary (that) there will be nominal growth in 2003," Fiorina told analysts gathered at a meeting in Santa Barbara, Calif. "Personally, we are planning on low single-digit growth." Given that environment, Fiorina argued that HP's controversial acquisition of Compaq Computer was the right bet, especially considering the cost-conscious environment that is likely to persist even as technology spending eventually rebounds. Much of Fiorina's talk focused on cost-cutting, a major focus of the merger. Fiorina repeated HP's plans to save $500 million in costs this year, $2.5 billion next year, and $3 billion by 2004, by saving money on components, cutting back on real estate and internal IT spending, and through job cuts. "Clearly, getting a world-class cost structure in place is vital to our...success," she said. Echoing a familiar tone, Fiorina talked of HP's belief that companies will continue to have a fragmented infrastructure made up of different types of computers running multiple operating systems. Fiorina also talked about focusing research in key areas like security, multimedia, services and grid computing, while scaling back in other areas. "You will continue to see us investing less and less on component-level innovation," she said. "Intel is an obvious example, but Canon as our engine provider in our laser printer business is another example." Fiorina said that the company has had a tough few months of integration work, but said the company is looking to gain or hold market share. "We are on track to meet our profit targets, both for the company as a whole and for the enterprise systems group and personal systems" group, Fiorina told analysts.

To: PCSS who wrote (2005)	10/23/2002 2:30:42 AM
From: Charles Tutt	Read Replies (2) \| Respond to of 4345

"Fiorina said that HP was gaining competitive ground ..." What the heck does THAT mean? If she meant "market share" wouldn't she say that rather than "competitive ground?" JMHO. Charles Tutt (SM)

To: PCSS who wrote (2005)	10/23/2002 9:16:11 AM
From: PCSS	Respond to of 4345

HP Helps Sprint Enhance Network to Give PCS Vision Users Access to High-speed Data Services PALO ALTO, Calif. and OVERLAND PARK, Kan., Oct 23, 2002 (BUSINESS WIRE) -- HP (HPQ) and Sprint (NYSE:FON, PCS) today announced the deployment of a powerful, next-generation data gateway in Sprint's new 3G 1X wireless network, which Sprint deployed Aug. 8. Sprint is the first U.S. carrier to complete a nationwide 3G 1X network upgrade, and the data gateway is an essential element in the new network infrastructure. The new, open standards-based data gateway enabled Sprint to get to market more quickly and more efficiently by allowing Web applications to be written once, but used with all mobile devices, including phones, wirelessly enabled notebook PCs and PDAs (personal digital assistants). HP was the prime systems integrator, working closely with its strategic partner, 724 Solutions, to provide Sprint with a complete, end-to-end solution. HP Services integrated the software into Sprint's network, using 724 Solutions' X-treme Mobility Gateways as the core enabling technology. HP Services also incorporated HP's high-availability storage technology to handle the expanded data storage needs, as well as HP OpenView service management software to provide for overall network management. The entire solution runs on HP-UX and HP's Linux platforms. "Sprint is pleased to partner with HP and 724 Solutions on this innovative new wireless platform for our nationwide next-generation network," said Oliver Valente, chief technology officer, PCS division, Sprint. Sebastiano Tevarotto, vice president and general manager, HP Network and Service Provider Business Unit, said, "As an industry leader, Sprint sets the bar high. From its partners, Sprint expects the most advanced, open technology and a deep understanding of the network. HP is one of the few companies that has this dual expertise, and that's why we can help build great value into Sprint's mobile network." Tevarotto added, "It certainly helps to have innovative partners like 724 Solutions. They understand availability and massive scalability, and their X-treme Mobility Gateways clearly reflect that expertise." "Through our alliance with HP, we can help Sprint deliver new data services and applications to customers dependably and quickly while generating new revenue streams," said John Sims, chief executive officer, 724 Solutions. "This represents an opportunity for 724 to take our access gateway to market with a leading solutions provider."