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

To: PCSS who wrote (2695)	3/10/2003 4:28:59 PM
From: The Duke of URL©	Read Replies (1) \| Respond to of 4345

For your edification on enlightenmentnesshood: 2/7/02 EXECUTIVE BIOGRAPHY Peter Blackmore Executive Vice President, Sales and Services Peter Blackmore is executive vice president of sales and services for Compaq Computer Corporation, reporting to Michael D. Capellas, chairman and chief executive officer. Blackmore is responsible for the worldwide field organization, Compaq Global Alliances, the Quality and Customer Satisfaction organization and Compaq Global Services, which includes Compaq Financial Services. He is also responsible for Compaq's partnerships with distribution partners. Blackmore was named to his current position on November 15, 2000. Since joining Compaq in 1991, Blackmore has served in senior management roles, including his most recent position as senior vice president and general manager of sales and services, to which he was appointed in May 2000. Previously, his other positions included senior vice president and general manager of worldwide sales and marketing, and senior vice president and general manager for North America, where he was responsible for the sales and marketing of Compaq products in the United States and Canada. As vice president of Compaq's Enterprise Computing Group for Europe, Middle East and Africa (EMEA), Blackmore had P&L responsibility for Compaq products and solutions, as well as management of key alliance partnerships. He also served as director for European business relations, representing Compaq EMEA on the corporate executive teams. Prior to joining Compaq, Blackmore was marketing director for Rank Xerox UK, responsible for its complete range of products and services. He also has held senior sales management and marketing management positions in the UK and internationally for Burroughs Corporation (now Unisys). Blackmore was educated at Trinity College, Cambridge, and holds a master's degree in economics. 2/7/02

To: PCSS who wrote (2695)	3/13/2003 12:31:46 AM
From: The Duke of URL©	Read Replies (2) \| Respond to of 4345

New math sheds different light on old HP By Ian Fried Staff Writer, CNET News.com March 12, 2003, 4:59 PM PT Although a new accounting method helped Hewlett-Packard's PC business turn a $33 million operating profit in its most recent quarter, new data shows that by using the same method pre-merger HP had a PC unit a year ago that was nearly as profitable. When it reported its latest quarterly results last month, HP touted that its PC business had returned to profitability after years of losses. However, in conjunction with its most recent earnings release last month, HP made an accounting change that shifts certain research and development costs out of each of its business segments--a move that made each of the business segments appear more profitable. Some analysts questioned whether HP's PC business had turned a profit at all, prompting HP to say that even without the accounting move its PC unit would have been profitable, though the company declined to say how large that profit would have been. However, by HP's new method of accounting, the company already had a profitable PC business a year ago, prior to its merger with Compaq Computer. For the three months ended Jan. 31, HP said its PC business turned a $33 million operating profit. Under the same accounting method, HP (excluding Compaq) had a profit a year ago of $26 million, according to figures the company included Wednesday in its quarterly filing with the Securities and Exchange Commission. Furthermore, HP's high-end computing business actually had a narrower operating loss as a standalone company a year ago than did the merged company in the most recent quarter. For the three months ended Jan. 31, HP had an operating loss of $83 million, more than the $80 million loss that the pre-merger HP high-end computing business had a year ago, again using the company's new method of accounting. HP points out that, including Compaq, the PC business would have lost $53 million a year ago. However, combining the two companies' enterprise computing businesses, HP would have had an operating loss of $60 million, far less than the $83 million loss for the most recent quarter. Company spokeswoman Rebeca Robboy noted that the economy has worsened in the past year and said HP could not have posted the profits it did in the most recent quarter were it not for the merger. "The portfolio of technology and the cost structures that underlie our PC and enterprise businesses are far superior now than they were a year ago for either standalone company and enabled us to make sequential improvements in profitability in the past three quarters despite a worsening economic environment," Robboy said. One Wall Street analyst who requested anonymity said that HP is trying to make its results look better than they are. "There are two ways to win a race. One is to run it out with all your energy, and the other way is just to move the finish line closer to where you are standing," the analyst said.

To: PCSS who wrote (2695)	3/13/2003 12:27:07 PM
From: The Duke of URL©	Read Replies (3) \| Respond to of 4345

I have never said this before, but I might wish to rethink Robert Wayman's goals and aspirations, if ya catch ma drift. Especially since I think it was his idea to ANNOUNCE 15,600 layoffs but not actually reduce the staff by the actual overlap which must be TWAG upwards of 20K. By just announcing the layoffs, you now longer have to accrue the expense, but you don't necessarily have to lay someone off right away. Although, maybe he is thinking there is one exception to that rule. You lay them off, announce, stop the ongoing wage deduction, (it gets credited to reorganization expense) but keep them working until each employee's termination benefits are used up. That could have been what Mother Merrill spotted BUT SOMEONE SHOULD BE SO KIND AS TO REPRINT HERE THE now public 2 page report!!!!! So I can read it. Thank you very much. And, BTW, Michael, YOUR company does not seem to be part of the Centrino launch--what is it THIS time? HELLOW? any body home? The centrino launch is a big RETAIL launch. You know where HPQ with all that indirect overhead is supposed to be????? This is beginning to torque my jaws.