InfoAnda - HP's outlook disappoints, driving shares to 9-year low |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Former Texas minister convicted of killing wife | 21 January 2010
Video means China student being murdered again and again: mother | | 17 July 2012
Pakistan minister: very likely al Qaeda's Kashmiri is dead | | 5 June 2011

Asia summit gala dinner goes on _ minus delegates | 12 April 2009

Forum Views () Forum Replies ()

Read more with google mobile : HP's outlook disappoints, driving shares to 9-year low |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Reihan Salam Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (5) Slideshow Video Editor's Choice Drones fly in Nepal's poaching war Conservationists in Nepal are about to launch a new airborne drone to keep watch over endangered animal populations in protected national forests. Video Cyber attackers disrupt Internet in Iran: official L.A.'s richest man ups the ante for city, cancer fight Boost for land speed record bid after successful rocket test Follow Reuters Facebook Twitter RSS YouTube Read Reuters/Ipsos polls show scope of challenge facing Romney | 12:05pm EDT Butler stole papers pope wanted destroyed: police | 9:47am EDT NBC breaks TV losing streak, orders more "Revolution" 02 Oct 2012 Analysis: Romney would send consumers healthcare bill, with benefits | 10:18am EDT L.A.'s richest man ups the ante for city, cancer fight 4:19pm EDT Discussed 231 France taxes rich and business to slash deficit 160 Netanyahu to press for Iran ”red line” in U.N. speech 124 Chavez to Obama: I’d vote for you, and you for me Sponsored Links Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Inside the Vatican Behind the walls of Vatican City. Slideshow Psy's Gangnam style Psy is the latest musical sensation to burst upon the world from South Korea with his video "Gangnam Style." Slideshow HP's outlook disappoints, driving shares to 9-year low Tweet Share this Email Print Related News HP's profitable printers to buy Whitman time Tue, Oct 2 2012 UPDATE 2-Oracle's Ellison focused on Cloud, not deals Tue, Oct 2 2012 RIM spurs rare optimism with surprising growth, new phone Wed, Sep 26 2012 Cisco CEO suggests Whitman will have hard time turning around HP Tue, Sep 25 2012 Facebook shares drop after Barron's snub Mon, Sep 24 2012 Analysis & Opinion Forming ECON Team 4 is next presidentâ€™s top task Related Topics Tech » Hot Stocks » Asian Markets » Media » Related Video FACTBOX: HP forecasts "challenging" 2013, shares plummet 3:43pm EDT 1 of 2. A woman walks past the Hewlett Packard logo at its French headquarters in Issy le Moulineaux, western Paris, in this September 16, 2005 file photograph. Credit: Reuters/Charles Platiau/Files By Poornima Gupta SAN FRANCISCO | Wed Oct 3, 2012 4:41pm EDT SAN FRANCISCO (Reuters) - Hewlett-Packard Co's shares plunged to a nine-year low on Wednesday after Chief Executive Meg Whitman warned of an unexpectedly steep earnings slide in 2013, with revenue set to fall in every business division except software. Wall Street had hoped for quicker signs of progress on Whitman's turnaround plan, which centers on transforming the former industry powerhouse into an enterprise computing corporation that can take on IBM and Dell Inc. Whitman, who took the helm of HP just over a year ago after a failed bid to become governor of California, told investors that the company's recovery will start to become visible only in fiscal 2014, when investments begin to pay off. She blamed unprecedented executive turnover in past years for dragging out the Silicon Valley company's turnaround. "I was surprised that nothing new was really said in terms of strategy, and the problem here is there is lack of investor confidence in the current strategy," said Shaw Wu, an analyst with Sterne Agee. Shares of HP, the largest U.S. technology company by sales, tumbled 13 percent on Wednesday in the biggest single-day decline since August 2011. HP gave a particularly gloomy outlook for enterprise services, its business providing services to corporations and a key component of Whitman's rescue plan. Revenue from enterprise services will dive 11 to 13 percent in fiscal 2013 and be barely profitable, with operating margins of zero to 3 percent, HP said. That stands in stark contrast to rival IBM, which raised its full-year earnings outlook in a reflection of its ability to manage costs, despite flat software revenue in the second quarter and a 2 percent decline in services. Whitman became HP's third CEO in as many years after taking over following Leo Apotheker's abrupt dismissal just over one year ago. She is trying to revitalize the former industry icon via layoffs, cost cutting, and expansion into areas with longer-term potential such as enterprise computing services. "The single biggest challenge facing Hewlett-Packard has been changes in CEOs and executive leadership, which has caused multiple inconsistent strategic choices, and frankly some significant executional miscues," Whitman told the investor conference in San Francisco. "This is important because as a result it is going to take longer to right this ship than any of us would like," she added. HP has lost more than two-thirds of its value since 2010, when its capitalization topped out at about $104.5 billion. Squeezed by crumbling demand for personal computers in a mobile era, significant leadership turbulence, and the advent of Apple Inc's iPad that year, HP's stock embarked on a steady decline. The company now has a market value around $30 billion. Since Whitman took the helm in September 2011, the stock has fallen about 35 percent. MUSICAL CHAIRS HP has been through years of turbulence. Apotheker's 11-month tenure was marked by an acceleration of departures from various divisions, such as networking chief Marius Haas, as he brought in former coworkers from SAP AG. Apotheker's predecessor, Mark Hurd, who is now president of Oracle Corp, also departed abruptly, after a sexual harassment scandal. HP, like rival Dell, is trying to transform itself into a major enterprise computing provider in the mold of IBM, while slashing expenses to boost the bottom line. Shares of Dell, the No. 2 U.S. PC maker after HP, fell 4.7 percent on Wednesday, mired near nine-year lows. HP is laying off 29,000 employees over the next two years and has written off $10.8 billion mostly related to the writedown of its EDS services business. Meantime, its business continues to be hit by a slowing in corporate spending and personal computer demand worldwide. For 2013, the company forecast overall earnings, excluding restructuring charges and other items, at between $3.40 to $3.60 a share in fiscal 2013. That's well below the average forecast by Wall Street analyst of $4.18, according to Thomson Reuters I/B/E/S. A large part of the shortfall rests on the projected plunge in enterprise revenue, a division that sells myriad services to businesses and has seen an erosion in profitability. Operating profit fell 22 percent in the July quarter, surpassed only by a 28 percent slump in personal computers. Mike Nefkens, HP's acting global enterprise leader ,said fiscal 2013 "will be a fix and build year." "We expect long-term growth to be back in the 3-5 percent range and long-term profit to be in the 7-9 percent range," he said, blaming the revenue decline in fiscal 2013 to a number of low-performing contracts, lack of leadership continuity and tools. The heads of other business units also addressed Wednesday's conference, touting both new products and challenges facing the groups. HP is battling formidable rivals on several fronts, particularly in cloud, or remote computing, products and services, with Oracle and IBM aggressively courting corporate customers. China's Lenovo Group Ltd may overtake HP as the world's biggest PC seller this year. Whitman vowed to reduce the number of product offerings and to cut costs as HP tries to recover in a worsening macro-economic environment. She has said it will take five years for the turnaround to be effective. "All of this is fixable but it is going to take some time," she said. She said HP eventually will have to compete in the smartphone market, but she stopped short of laying out a specific plan and said HP does not have any plans to introduce a smartphone in 2013. Longer term, HP expects "to be a GDP-like growth company with key pockets of higher growth," said Cathie Lesjak, HP's chief financial officer. HP's stock closed down 13 percent at $14.91 on the New York Stock Exchange. (Reporting By Poornima Gupta and Edwin Chan; Editing by Tim Dobbyn, Andrew Hay and Leslie Adler) Tech Hot Stocks Asian Markets Media 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 through relevant opinion, anecdotes, links and data. 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. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (5) jooffer wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us 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.

Other News on Thursday, 4 October 2012
Iran atomic cooperation could spur fast sanctions relief: Clinton |
Clinton pledges full accounting of deadly Benghazi attack |
Iranian police clash with protesters over currency plunge |
Guarantors ask London court to halt Assange bail payout |
Libya PM government line-up omits liberal coalition |
Two Egyptian boys charged over Koran desecration incident |
France's Sarkozy mulling 2017 re-election bid: paper |
Google denied summary judgment in patent dispute with Vringo |
HP's outlook disappoints, driving shares to 9-year low |
Facebook lets U.S. users pay to boost visibility of postings |
U.S. works to shut down tech support scams that have cost millions |
Deutsche Telekom, MetroPCS to merge U.S. mobile businesses |
The Killers return to Nevada roots in Battle Born |
Country stars raising funds to restore Johnny Cash boyhood home |
Novelist Helprin spins a good yarn in life and art |
Mumford & Sons' Babel scores year's biggest Billboard debut |
Me and My Money: Macy Gray |
Turkey strikes back at Syria, says will protect borders |
Afghan president says 2014 election will be on time |
Island plans by Tokyo's nationalist governor may stoke fresh China tensions |
Trade association condemns Tehran unrest as enemy plot: report |
Clinton pledges full accounting of deadly Benghazi attack |
Philippines orders arrest of Arroyo on plunder charges |
Colombia's Santos recovering from successful cancer surgery |
HP's outlook disappoints, shares hit nine-year low |
Asia's virtual masters eye Zynga's real lunch |
Andreessen Horowitz invests $15 million in website Rap Genius |
FTC settles with company that made Bieber, other fan websites |
Chip gear maker Applied Materials to cut jobs |
Mumford & Sons' Babel scores year's biggest Billboard debut |
Son of ex-Mexican opposition party chief shot dead |
Iraq sentences U.S. citizen to life in prison |
U.S. imposes sanctions on Lebanese charities with Hamas ties |
Libyan protesters storm assembly over cabinet line-up |
EU court rules air travelers deserve more compensation |
Argentine president, media giant face off in reform push |
Analysis: Europe braces for return of Germany's Madame Non |
South Africa illegal strikes hit more Amplats mines |
Google warns of more Motorola cuts, revises up third-quarter bill |
Facebook reaches one billion monthly active users |
AT&T to start selling Nokia Lumia smartphones in November |
Google settles with publishers over digital books |
U.S. Starbucks stores get Square mobile pay in November |
Austrian gravesites get digital twist |
James Bond films' history as dramatic as the movies |
Book Talk: Novel looks at rape through lens of sports |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01