Feeds

HP issues profit warning

New car incentive scheme obviously hasn't done the business yet

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Hewlett-Packard has warned of the "increased risk" of profits falling below expectations for the year ending 31 October. The US vendor did not make a formal announcement, but spoke to analysts yesterday, saying that weak North American server sales may pull down figures for Q4. HP had hoped that the changes put in place by new CEO Carly Fiorina would patch up more long standing problems before the financial year end. Earlier this month Fiorina had described a problem in the North American Unix server sales force which had damaged sales in Europe and Asia. She said the weak links in the chain had been removed, and the company had a "decent shot" at meeting fourth quarter profit forecasts. However, HP has not been able to compensate for this shortfall through cost cutbacks and pushing other areas of its business. Brad Driver, investor relations manager at HP, said yesterday that last month's earthquake in Taiwan had disrupted PC manufacture, meaning this division could not save the day for the company. Driver added that HP was comfortable with some of the reduced forecasts analysts issued yesterday. "Why else would we tell them there's increased risk in the quarter?" he said. The PC vendor saw shares drop $6.25 to $70.33 on the New York Stock Exchange yesterday, rising slightly today to $71.187. This is a far cry from its 52-week high of $118. ®

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.