HP quarterly earnings plunge as PC confusion bites

ZDNet UK - 22 Nov, 2011
HP's decision to abandon WebOS-based devices and slow PC sales contributed to plummeting profits in the fourth quarter, as the company struggled to set a clear course for its consumer device business. ...

HP's woes continue, Q4 profit plunges 91 percent

Firstpost - 22 Nov, 2011
New York: Technology giant HP has reported a whopping 90.58 percent plunge in its profit to $239 million for the fourth fiscal quarter, ended 31 October, 2011, and has issued a cautious outlook for the current fiscal. In the year-ago qaurter, ...

HP Q4 profit plunges 91%

NDTV - 22 Nov, 2011
PTI, November 22, 2011 (New Delhi) Technology giant HP has reported a whopping 90.58 per cent plunge in its profit to USD 239 million for the fourth fiscal quarter, ended October 31, 2011, and has issued a cautious outlook for the current fiscal. ...

What HP's Big Bet on WebOS Cost the Company

Wired News - 22 Nov, 2011
HP was ready to go to the mattresses in an all-out mobile war against Apple. Instead, HP's TouchPad was prematurely put to sleep, and the company is still nursing its wounds. In its quarterly earnings report conference call on Monday, ...

Killing Palm Cost HP About $1.7 Billion This Quarter (HPQ)

San Francisco Chronicle - 22 Nov, 2011
Hewlett-Packard took charges of more than $2 billion this quarter related to the end of its Palm hardware business. $885 million from the "impairment of goodwill and purchased intangible assets" mostly related to Palm. This is basically the value of ...

HP net income plunges as PC, printer and server lines decline; charges eat ...

CanadianBusiness.com - 22 Nov, 2011
This Nov. 14, 2011 photo, shows the company logo on a Hewlett-Packard keyboard at the Micro Center computer store in Santa Clara, Calif. Hewlett-Packard releases quarterly financial results Monday, Nov. ...

Hewlett-Packard FY Q4 Tops Ests; Q1, 2012 Guidance Misses

Forbes - 22 Nov, 2011
Hewlett-Packard this afternoon reported slightly better-than-expected results for its fiscal fourth quarter ended October 31, but the good news was offset by weaker-than-expected guidance for the fiscal first quarter ending in January and for all of FY ...

HP Reports Fourth Quarter and Full Year 2011 Results

MarketWatch (press release) - 22 Nov, 2011
HP today announced financial results for its fourth quarter and full fiscal year ended Oct. 31, 2011. "HP has a great opportunity to build on our strong hardware, software, and services franchises with leading market positions, customer relationships, ...

HP Earnings Fall, Stock is Hammered, But TouchPad Earns #2 Tablet Spot

DailyTech - 22 Nov, 2011
Hewlett-Packard Comp. (HPQ) was in for a bad quarter, according to analyst predictions. Reporting its results after the bell on Monday, it painted a picture of drooping revenue that, while disappointing, did contain some promising signs. ...

HP Writes Down Nearly $1.7B in Losses on Palm Investment

DailyFinance - 22 Nov, 2011
Hewlett-Packard (NYS: HPQ) wrote down a total of $1.67 billion in its fiscal fourth quarter related to its decision to wind down its webOS device business, ...

Wiping-Out WebOS Will Cost HP $3.3 Billion More

Mobile Magazine - 22 Nov, 2011
It's been a while since HP has erased every single thing related to Palm. Now, the whole world has come to know that all this costed HP nothing less than $3.3 Billion American Dollars. ...

HP writes down nearly $1.7B in losses on Palm investment

FierceWireless - 22 Nov, 2011
Hewlett-Packard wrote down a total of $1.67 billion in its fiscal fourth quarter related to its decision to wind down its webOS device business, the company said, giving a financial postscript to its $1.2 billion acquisition of Palm in 2010. ...

HP to 'wind down' webOS as Q4 2011 profits drop 91% to $239 million

Pocket Gamer.Biz - 22 Nov, 2011
Newly appointed CEO Meg Whitman may have sat on the fence regarding webOS's future since she took up the position, but it appears the firm's bottom line may have made the decision for her. Profits slid 91 percent year-on-year to $239 ...

HP seeks to keep webOS in printers

San Francisco Business Times - 22 Nov, 2011
As it seeks a buyer for Palm's webOS operating system, Hewlett-Packard Co . is looking to continue use of the software in its printers, VentureBeat repots. HP (NYSE: HPQ) is said to be making the issue a crucial point of its negotiations with potential ...

HP: 2011 was a "Challenging Year," We're Focused Now

Maximum PC - 22 Nov, 2011
Hewlett-Packard on Monday announced financial results for its fourth quarter and full fiscal year ended October 31, 2011, and it wasn't as bad as some analysts were expecting. In fact, HP posted a 1 percent year-on-year gain in GAAP net revenue with ...

Hewlett Packard and Intel in talks over Palm sale

THINQ.co.uk - 22 Nov, 2011
Hewlett Packard and Intel are currently discussing whether the chip giant will buy out the now-defunct hardware division previously known as Palm as well as the webOS operating system. The sale is not as clear cut as might be expected. ...

HP Q4 net income plunges 91%

Middle East North Africa Financial Network - 22 Nov, 2011
(MENAFN) Hewlett-Packard Co. (HP) said that as a result of higher restructuring charges, during the fourth quarter, the company's profit dropped 91 percent reaching USD239 million, compared with USD2.54 billion in 2010's same period, reported AP. ...

HP's sale of webOS may hinge on the company licensing it back for use in printers

The Verge - 22 Nov, 2011
The past year and a half has been quite the roller coaster for the team at HP, and now that we're nearing the conclusion of the ride, there's one final hurdle to overcome: deciding what to do with ...

Intel in talks with HP over Palm sell-off

TechRadar UK - 22 Nov, 2011
HP is in discussions with Intel to buy off the company's Palm assets â€" the most important of which is WebOS. In a week where HP's financial numbers revealed that WebOS, the acquisition of Palm and the running costs to produce the HP ...

HP's drop in profits puts future cloud strategy into question

Business Cloud News - 22 Nov, 2011
Hewlett-Packard has announced a staggering 91% drop in fourth-quarter profits in 2011, following the company's decision in August to drop under-achieving WebOS hardware in order to focus on future software and cloud computing infrastructure. ...

webOS: HP says OS is “winding down”

ElectricPig.co.uk - 22 Nov, 2011
It's been a while, but it seems webOS is finally at death's door. During an earnings call to investors last night, HP openly discussed the, “… wind down of [its] webOS device business,” finally suggesting that the end is night for the ...

HP results make grim reading: what new for WebOS?

Mobot.net (blog) - 22 Nov, 2011
Only a couple of weeks ago, we were telling you how much analysts reckon HP could make if it were to sell off webOS. Considering the fact that it cost HP $1.2bn to get hold of, yet saw HP bleeding to the tune of $3.3bn over the past year, you wonder if ...

HP's profit sinks 91pc in fourth quarter

Siliconrepublic.com - 22 Nov, 2011
HP's incurring of costs from its decision last August to stop selling tablets and smartphones based on the webOS software it acquired when HP purchased Palm earlier this year may have contributed to the company's profit falling 91pc in the fourth ...

webOS Cost HP $3.3 Billion

Geeky gadgets - 22 Nov, 2011
HP has just released its latest financial reports, and included in the reports is how much webOS actually cost the company, which is a massive $3.3 billion, which include the purchase price of Palm and also the running costs of producing the HP ...

Smartphone exit kills HP's Q4 profits

Rethink Wireless - 22 Nov, 2011
The decision to axe smartphone activities may not have affected Hewlett-Packard's revenues very much, but it has devastated its fourth quarter profits. Net profit fell by 91% year-on-year to almost nothing, because of a $2.1bn ...

HP & Intel open Palm sale talks; webOS printers still in pipeline

SlashGear - 22 Nov, 2011
HP is still quietly shopping webOS around among with other Palm assets, according to sources, but insisting that potential buyers of the platform agree to license it back for use in future HP printers. Intel has just entered discussions with HP, ...

HP sees quarterly profit drop 91%

ITP.net - 22 Nov, 2011
HP saw revenues rise in Software, Services and Financial Services, but decline in enterprise and PSG. By Mark Sutton Published November 22, 2011 HP saw its profits for the fourth quarter fall by 91% as it absorbed the cost of closing down its WebOS ...

HP sees further drop in profits in FY 2012

Telecompaper (subscription) - 22 Nov, 2011
HP reported revenues for its fiscal fourth quarter to October down 3 percent from a year earlier to USD 32.1 billion. The operating margin dropped to 2.5 percent from 9.7 percent a year ago, and EPS plunged 89 percent to USD 0.12. ...

Hewlett-Packard posts 91% plunge in fourth-quarter profits

FinFacts Ireland - 22 Nov, 2011
By Finfacts Team Hewlett-Packard on Monday posted a 91% plunge in fourth-quarter profits after taking a $3.3bn charge to close down its WebOS business. HP reported a profit of $200m on total sales of $32.1bn for the quarter ending 31 October down from ...

HP's Q4 2011 Earnings Beat The Street, But WebOS Cost 'Em A Fortune

Hot Hardware - 22 Nov, 2011
It's the quarter-end for HP, also known as the corporate overlord that just can't make up its mind about anything. On its second CEO this year (and third in not-too-much longer), the company's Q4 2011 earnings are nothing to scoff at. ...

 

Subscribe to RSS
Advertise here