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Edition: U.S. Article Comments (1) Global Technology Summit Mobile generation upends tech AT&T plans consumer security service for 2012 AOL expands local news network in U.S. Samsung sees better LCD performance; no big investments Dodd-Frank hurt mobile payment system plans: AT&T Social network Viadeo shelves IPO plan AT&T: No room for both Clearwire and LightSquared Smartcard maker Gemalto bets on security Comment: Stay tuned for “Streak” Follow Reuters Facebook Twitter RSS YouTube Read WRAPUP 10-IMF chief denied bail, jailed in sex assault case 16 May 2011 Historic Vicksburg, Mississippi faces flood siege | 16 May 2011 UPDATE 1-RIM nears 2-year low after recalling some Playbooks 16 May 2011 HP to pull trigger early on results after CEO memo 12:13am EDT Cathay emergency landing triggers investigation 16 May 2011 Discussed 134 Son says bin Laden sea burial demeans family: report 96 Texas county official says ”stupid” feds sparked fire 76 Israel-Palestinian violence erupts on three borders Watched Fire ants form rafts to defy floods Tue, Apr 26 2011 Boot camp for rebels in Libya Sun, May 15 2011 Shuttle Endeavour blasts off Mon, May 16 2011 HP to pull trigger early on results after CEO memo Tweet Share this By Poornima Gupta SAN FRANCISCO (Reuters) - Hewlett-Packard Co will try to dispel fears it faces even rockier times ahead when it reports earnings a day ahead of schedule, with Wall Street expecting decent results as corporate spending rebounds. HP... Email Print Related News Nvidia beats Street but stock sags on PC worries Thu, May 12 2011 Cisco warns of revenue miss Wed, May 11 2011 UPDATE 4-Cisco warns of rev. miss, eyes $1bln savings Wed, May 11 2011 Lampert offers "no excuses" for Sears poor performance Tue, May 3 2011 Microsoft stock tumbles after Windows sales dip Fri, Apr 29 2011 Analysis & Opinion The business of private aviation Google raises Internet appliances from the dead Related Topics Technology Home » Hot Stocks » Asian Markets » A logo of HP is seen outside Hewlett-Packard Belgian headquarters in Diegem, near Brussels, January 12, 2010. Credit: Reuters/Thierry Roge By Poornima Gupta SAN FRANCISCO | Tue May 17, 2011 12:13am EDT SAN FRANCISCO (Reuters) - Hewlett-Packard Co will try to dispel fears it faces even rockier times ahead when it reports earnings a day ahead of schedule, with Wall Street expecting decent results as corporate spending rebounds. HP shares fell more than 4 percent Monday in extended trading after Bloomberg cited CEO Leo Apotheker warning his executives in an internal memo of "another tough quarter" and asking them to "watch every penny and minimize all hiring." It will now report results Tuesday morning before market hours, rather than Wednesday. The world's largest technology company by revenue will be going in with sharply lowered expectations after having trimmed sales forecasts in March. The memo leaked to Bloomberg stoked fears the company -- grappling with new rivals from Cisco Systems Inc to Oracle Corp, limp consumer spending on PCs, and a potentially costly expansion into cloud computing -- is worse off than feared. But analysts say Wall Street had factored all that in, plus the need to rein in costs further, while waiting to see if Apotheker's plans to rekindle growth will bear fruit. "This is business as usual," said Brian Marshall with Gleacher & Co. "We already knew that. No one is looking for (stellar) revenue growth." A decent set of financial results on Wednesday is likely to give HP's anemic stock a jolt as the shares have slid 17 percent in the past three months. They are far cheaper on forward price-earnings than International Business Machines, Oracle and longtime rival Dell Inc. Technology Home Hot Stocks Asian Markets Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (1) Prepared wrote: If the truth was known about most of these companies you would find that business is not as good as they want you to believe, hell even Timothy Geithner is cooking the books so we don’t default. What does that say about our government? Get prepared it is going to get worse. May 17, 2011 1:54am EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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