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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (49653)	10/5/2012 1:22:01 PM
From: Wowzer	Read Replies (2) \| Respond to of 78715

IDK but I think DELL is a decent bet here. Everyone hates PC's right now but they are not going anywhere and with the coming hype of windows 8 we could see some movement this holiday season.

To: Jurgis Bekepuris who wrote (49653)	10/5/2012 4:45:17 PM
From: E_K_S	1 Recommendation Read Replies (1) \| Respond to of 78715

Hi Jurgis - RE: Hewlett-Packard Company (HPQ) -NYSE Was listening to an analyst on Bloomberg radio regarding HPQ. He mentioned that their Goodwill exceeds the current market cap and there are more "large" write downs yet to come. I guess with the purchase of EDS and PALM, the company grossly overpaid. My StreetSmartEdge Research tool shows a $ -6.70/share Tangible Book Value. He also stated that HPQ now uses their own internal accounting practices to inflate EPS and not General Accepted Accounting standards. That's an ugly road to take. Brocade never reported positive EPS when using General Accepted Standards in my 10 years of watching the company. It's a Red Flag for me. Too many battle scars for me to see it different this time. It reminds me of SUPERVALU Inc. (SVU) -NYSE who has finally taken the goodwill write down for their Albertson's acquisition which has/will impact reported EPS now and in the future. It's huge for HPQ, so I am not sure at what point there may be a good entry "buy" point. Maybe they will eventually spin off one or more of their operating divisions as Meg Whitman seems to want to do everything (smart phones, Enterprise, PC, printers, services etc) rather than focus on only the profitable and growing businesses. There are still a lot of good smart engineers at the company even after the new next proposed layoff. However, they may be able to innovate better if they are in a smaller and more agile environment. That's why I would like to see the spin off businesses. I might be interested in buying one or more of the spin off pieces but for now will wait and see what develops. EKS