HP expecting a better 2009
Hewlett-Packard has successfully managed to overcome the challenge posed by weakening economy.
The world’s largest PC manufacturer has posted stronger-than-expected results.
HP has also now forecast full-year profit above Wall Street estimates.
The news helped the company get a boost at the stock market as its share went up by 10%.
Shannon Cross of Cross Research spoke about HP’s performance: “HP is gaining market share in an extremely strong competitive position. They’ve got share gains, combined with very aggressive cost reduction. It’s very prudent management of their resources, and that’s allowed them to put out numbers that are ahead of the Street even in this economic environment.”
|
TechWhack on Facebook
|
This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.