HEWLETT-PACKARD SHAREHOLDERS HAD every reason to celebrate last week, after the tech giant reported a 38% increase in first-quarter profits and painted a rosier near-term picture than many had expected. The company's shares (ticker: HPQ) rose 8% to 47.40 over the five-day span, and are likely to keep heading higher, along with sales and earnings.
H-P generates roughly two-thirds of its annual revenue overseas, which is "huge" in Bailey's view. The analyst notes that 85% of the personal-computer industry's growth will come from outside the U.S. and Europe in 2008. H-P also is pursuing opportunities in enterprise computing and other businesses, which are likely to pay big dividends in coming years.
ICK MAN
Last Week's Sector Indexes
Heading Toward Dow 5000, I Don't Think So.
Last Week's Dow
Too Little, Too Late: A 146-point bounce late Friday cut the Dow Jones Industrial Average's loss last week to 6.2%. But it remains at its lowest level since 1997.
About Me
- ickplus
- Politically conservative, religiously evangelical, economically pro free markets, free enterprise, and small government but opposed to corporate and individual greed.
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