Last Friday (19th Aug 11), the technology giant, HP (HPQ) shed about $12 billion of its market value as more than half a dozen Wall Street analysts downgraded its stock, citing a litany of concerns over the company’s ability to reinvent itself. Friday’s drop of $5.91, to $23.60 a share, came a day after HP said it would seek to…
Tag: HP
HP discontinued all production of WebOS devices – The death of webOS and Palm technologies | IT Review
On August 18, 2011, HP announced that it would discontinue production of all webOS devices. This came as a major surprise for most market players considering HP recently launched the new HP TouchPad.WebOS was introduced by Palm in January 2009 as the successor to Palm OS with Web 2.0 technologies, open architecture, and multitasking capabilities. It is only recently, in…
Hewlett-Packard Co H-P (HPQ) – financial forecast driven weakness or a good buying opportunity? | Technical Analysis Stock Prices | US Stock Market
On Tues 17th May 2011, Hewlett-Packard Co. reported a small increase in Q1 profit after a leak of a memo from the company’s CEO warning management of “another tough quarter.” The results for the quarter ended April 30 came in slightly above Wall Street’s expectations despite weakness in the company’s PC business and a slowdown in services. The shares had…