Feeds

HP PC biz to 'lose $100m' in 2001

Analysts claims

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Hewlett-Packard is set to lose $100 million from its PC operation in 2001, according to Goldman Sachs, Sunday Business reports.

Fierce competition seen HP's PC sales growth to fall from 2 per cent in Q1 to a fall of 4 per cent in Q2. Overall, HP is expected to see PC sales drop 10 per cent in 2001, say analysts cited by Sunday Business.

The paper points out that prices and margins on HP's printer sales have probably peaked. Printers are HP's traditional cash cow, representing 45 per cent of sales and 65 per cent of profits. Laser printer sales dropped 15 per cent in 2000, Sunday Business reports.

HP is also facing huge competition in the enterprise sector on all fronts. Unix boxes, storage systems and computer services are all under fierce competitive pressure. ®

Related Stories

Gateway never knowingly undersold
Mobo sales fade away in May
HP sets sights on Europe No.2 PC spot

Intelligent flash storage arrays

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.