Hewlett-Packard Hedges on "Growth Pledge," Investors Rejoice

Hewlett-Packard (NYSE: HPQ  ) held its annual securities analyst meeting on Wednesday. Hewlett-Packard CEO Meg Whitman seemed optimistic, albeit cautiously so. The CEO appeared to contradict her earlier "growth in 2014" pledge, now stating "she expects that revenue will stabilize in the coming year."

However, as cautious as Hewlett-Packard's management is about the turnaround, investors are anything but. Hewlett-Packard shares surged almost 10% that day and are up nearly 50% year to date. Are Hewlett-Packard investors correct in piling in this stock, or has the price gotten ahead of it fundamentals?

Also, Meg Whitman sounded off the relationship with Microsoft (NASDAQ: MSFT  ) , stating, "Current partners like Intel and Microsoft are turning from partners to outright competitors." As Microsoft transitions to a "devices and services" company with the purchase of Nokia's handset business and its commitment to the Surface line of tablets, what should investors look for going forward? 

In today's segment of Tech Teardown, Quick Minute, Jamal Carnette gives you a quick overview of Hewlett-Packard's analyst meeting and the souring relationship with Microsoft.

While old tech fights for business, look to this stock for eye-popping growth
Hewlett-Packard is looking for revenue growth, this stock has it in spades. This incredible tech stock is growing twice as fast as Google and Facebook, and more than three times as fast as Amazon.com and Apple. Watch our jaw-dropping investor alert video today to find out why The Motley Fool's chief technology officer is putting $117,238 of his own money on the table, and why he's so confident this will be a huge winner in 2013 and beyond. Just click here to watch!

 


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2679951, ~/Articles/ArticleHandler.aspx, 10/25/2014 1:54:49 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement