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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: sixty2nds who wrote (30485)	5/16/2006 11:34:48 PM
From: sixty2nds	Respond to of 95515

18:03 HPQ Hewlett-Packard Conference Call Summary (31.11 -0.52) -Update- For core printing expect unit growth to accelerate in the second half as we drive more promotional activity... Personal Systems continue to post solid results with revenue up 10% y/y to $7 bln; growth continues to be led by the shift in mobility, strengthen emerging markets and consumer; grew notebook shipments 48% y/y... saw margin expansion in all businesses within HP services... head into 2H06 continue to focus on reducing costs; should expect to see a pick up in revenue growth rates in '07... Remain on track for Capital Spending and IT; says full year CapEx may be less than initial expectations... Co does not expect a y/y currency benefit in Q3... Pricing: 'We've seen continued aggression so I don't think Q2 was much different than what we've seen over past several quarters in terms of aggressive price points'; have factored that into their models... Co expects to hire 'in the hundreds' and plans to do it quickly; says will take a6-12 months to get people up to speed; co has factored that into their guidance... co has been happy with growth in Eastern Europe and Russia; says Western Europe has not been as strong... says capital spending will be back end loaded... does not expect any huge changes to cash strategy; 'not going to go after an acquisition just to spend money'... says they feel good about their inventory position... stock trading at $32.17 in after hours.