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

To: The Duke of URL© who wrote (3489)	7/19/2004 12:05:12 PM
From: The Duke of URL©	Respond to of 4345

Monday July 19, 5:48 PM Asia-Pacific Ex-Japan 2Q PC Sales Up 20% On Yr, IDC Says HONG KONG (Dow Jones)--Personal computer sales in the Asia-Pacific region, excluding Japan, rose 20% on year to 7.8 million units in the quarter ended June, and were up 3% from the first quarter, according to data issued Monday by market research firm IDC Corp. Chinese computer giant Lenovo Group Ltd. (0992.HK) remained the leading vendor with a 12.1% share of the region's PC market, up from 10.7% in the first quarter. ADVERTISEMENT "The advance in (Lenovo's) market share can be mainly attributed to seasonal factors, as the first quarter is a low season for China due to the Chinese New Year," said IDC's personal systems research senior manager, Bryan Ma. However, Lenovo's on-year PC sales growth lagged that of the overall market, indicating the company faces strong competitive pressure. Lenovo's PC shipments grew 14% on year in the second quarter, while Hewlett-Packard Co. (HPQ), the second-largest vendor in the region, achieved 36% PC sales growth, and Dell Inc. (DELL), the fourth-largest player, posted a 39% increase. "Given the high interdependency on trade with China in the region, the Chinese government's efforts to cool its economy will be a key variable for the region moving forward. Fortunately, the PC market hasn't been significantly affected so far," Ma said. During the quarter, Singapore's PC shipments continued to grow in the double digit. South Korea was the only market to have an on-year decline in PC sales, due to accumulated inventory and the impact of political and commercial uncertainties, IDC said.

To: The Duke of URL© who wrote (3489)	8/12/2004 9:52:54 AM
From: Kirk ©	Read Replies (1) \| Respond to of 4345

HUGE miss.... Just think how valuable that printing company would have been if spun off.... Hewlett-Packard Earnings Fall Short Thursday August 12, 8:45 am ET biz.yahoo.com NEW YORK (Reuters) - Computer and printer maker Hewlett-Packard Co. (NYSE:HPQ - News) on Thursday posted disappointing quarterly earnings due to weak results in servers and storage products, and warned that profit in the current quarter would also fall short of Wall Street expectations. The Palo Alto, California, company, whose stock fell nearly 8 percent in trading before the market opening, said it would make management changes at its servers and storage business, which accounts for 17 percent of HP's revenue. Servers are powerful computers used by large businesses and organizations. Chief Executive Carly Fiorina said HP was satisfied with its consumer PC, printer and software business but that "these solid results were overshadowed by unacceptable execution in Enterprise Servers and Storage." The server and storage business lost money in the most recent quarter but is expected to turn a profit in the current quarter, HP said. The company posted a profit of $586 million, or 19 cents a share, for the fiscal third quarter ended July 31, up from $297 million, or 10 cents a share, a year earlier. Excluding amortization and other charges, earnings were 24 cents a share, up from 23 cents a year earlier. The average Wall Street estimate was 31 cents a share, with estimates ranging from 29 cents to 33 cents, according to Reuters Estimates. The earnings report caught Wall Street by surprise. HP had been expected to report next week, according to several corporate calendar services. HP said third-quarter revenue rose 9 percent, to $18.9 billion from $17.3 billion. Analysts' average estimate was $19.1 billion, according to Reuters Estimates. HP said it expects fourth-quarter profit of 35 cents to 39 cents a share before special items. The low end of the Reuters Estimates range is 41 cents a share. The company forecast fourth-quarter revenue of $21 billion to $21.5 billion, in line with the average estimate of $21.26 billion among analysts polled by Reuters Estimates. The operating loss at the servers and storage unit widened tenfold in the third quarter, to $208 million from $20 million a year earlier. Revenue dropped 5 percent to $3.4 billion. The company cited a number of factors for the disappointing results at the unit. It said the business pickup that usually occurs at the end of the quarter was muted. It also said it implemented a new order-processing and supply-chain system that was more disruptive than expected. The company's PC business posted a $25 million operating profit in the third quarter, compared with a year-earlier loss of $56 million, with revenue up 19 percent to $5.9 million. The printing and imaging operating profit rose 12 percent to $837 million, on an 8 percent increase in revenue to $5.6 billion. ==========================================================