Thread: HP Stock Drops
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Old 08-12-2004, 07:01 PM
makic
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Join Date: Jun 2003
Posts: 65
Default HP Stock Drops

Quote:
In tech news, shares of Hewlett-Packard fell $3.35, or 17%, to $16.17 on the Big Board. The heavyweight reported lower-than-expected net income for the fiscal third quarter and issued a weak outlook amid poor performance in its enterprise servers and storage unit. The company plans to shake up management in that division and also forecasted fourth-quarter earnings, excluding items, below Wall Street's view.
Maybe they should concentrate on customers, then their bottom line may improve. With the rapidly changing tech world, customer support is key.
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