By almost any measure, Hewlett-Packard
Wait, there's more: Management increased its revenue guidance for the 2008 fiscal year to at least $114.2 billion, a $700 million boost from the last update in February, and added $0.04 to its full-year earnings guidance to make it $3.54 or more per share.
And yet the stock dropped by nearly 2% on the news. Oh, that crazy Mr. Market!
What's going on here?
It can't be concerns about the pending EDS
The generous share-repurchase program isn't even applying the brakes, thanks to the hands-off approach that lets EDS remain mostly independent -- much like VMware
Well, I'm stumped. Maybe HP shareholders were wishing that they owned IBM
That's probably not exactly it, but I dare you to find a better explanation. The upshot is that HP stock is a little cheaper today than yesterday, even though the company has proven that its business prospects are a little bit stronger than we thought. You know what to do.