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Hewlett-Packard (HPQ) Sinks 12% on Weak Outlook

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Hewlett-Packard (HPQ) Sinks 12% on Weak Outlook Powered By Docstoc
					Robert DeFrancesco’s
TechStockProspector.com
October 3, 2012


Hewlett-Packard (HPQ) Sinks 12% on Weak Outlook
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*Google & Facebook seek growth in mobile
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*Akamai Technologies holds a secret growth weapon
*Figuring out a realistic valuation for Yahoo
*Zillow attracts a record number of Web & mobile users
*Cisco Systems battles to stay relevant to investors
*Behind the sharp rebound in Aruba Networks shares
*Salesforce.com builds up its new Marketing Cloud
*Why some big investors like Jive Software
*ExactTarget delivers the right message
*Intel trims guidance on weak PC demand
*Fusion-IO offers bullish fiscal 2013 revenue outlook
*Deal Report: The next big enterprise tech IPO

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Hewlett-Packard (HPQ, $14.91) is in a sad state. The stock today plunged nearly
13% on massive volume of 140 million shares (more than 5x average daily volume)
after CEO Meg Whitman issued weak fiscal 2013 (Oct.) EPS guidance of $3.40 to
$3.60, well below the consensus estimate of $4.18.

H-P looks for revenue to be down year over year in all segments except software.

At the company’s Analyst Day meeting, Whitman told the crowd that she is just one
year into a five-year turnaround. Many big investors clearly do not have the
patience to wait it out even if they think she has any chance at all to right this tired
old ship.
A former tech bellwether, H-P’s market cap is down to just $29.3 billion.

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Read the latest issue of Tech-Stock Prospector on your Amazon Kindle or Kindle for
iPad/iPhone reading app.

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Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
Louis Rukeyser’s Wall Street.

TechStockProspector.com, launched in 2003, is an investment-research service
focused primarily on the networking, storage, security, wireless and software
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DOCUMENT INFO
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views:30
posted:10/3/2012
language:English
pages:2
Description: CEO Meg Whitman has a long road ahead of her in this turnaround saga