vacancies advertise contact news tip The Vault
Win with Seagate - Seagate FireCuda 510 SSD! [x]
facebook rss twitter

HEXUS.sharewatch: HP plunges on weak outlook

by Scott Bicheno on 23 May 2011, 12:42

Tags: Hewlett Packard (NYSE:HPQ)

Quick Link: HEXUS.net/qa5zv

Add to My Vault: x

The IT powerhouses of the past few decades - such as Microsoft and Cisco - are all having to reinvent themselves, and HP is no exception. Its new CEO - Leo Apotheker - has had a bit of time to suss out his new problem project, and he's wasting little time in making what he uncovers public.

The latest quarterly results from HP were modestly above expectations, but its outlook wasn't. Noting real softness in its PC business (in line with the broader market, it must be said), Apotheker said he thinks HP has been short-termist about its services business, and has under-invested. As a result HP's outlook disappointed investors, and its shares have been pummelled accordingly.

On another note, we revised out list this week; adding Sony and Vodafone's US listings and dropping the distributors Ingram Micro and Tech Data.Interesting to note that, by market cap, Vodafone is bigger than Intel, but smaller than Google, while Sony is smaller than Dell and Nokia.

We felt our list was incomplete without representation from a consumer electronics specialist and a mobile operator, and for the sake of currency continuity, we're restricting ourselves to companies with a US listing. Meanwhile we've found the share prices of the disties don't tend to fluctuate as much as some, and often follow each other, so we thought just having the biggest one on our list would be sufficient.

Company Listing Share price 2/5/11 Share price 9/5/11 Share price 16/5/11 Share price 23/5/11 7-day change Market cap (bn)
AMD AMD 9.10 8.92 8.90 8.62 -3.1% 5.93
Apple AAPL 350.13 346.66 340.50 335.22 -1.6% 308.83
ARM ARMH 31.46 29.27 28.51 28.03 -1.7% 12.57
Avnet AVT 36.32 36.41 37.21 36.51 -1.9% 5.58
Cisco CSCO 17.52 17.56 16.88 16.53 -2.1% 91.38
Dell DELL 15.47 16.01 16.37 16.01 -2.2% 30.53
Google GOOG 544.10 535.30 529.55 524.03 -1.0% 168.87
HP HPQ 40.37 40.81 40.41 35.98 -11.0% 77.86
IBM IBM 170.58 168.89 169.92 170.16 0.1% 207.52
Intel INTC 23.15 23.25 23.41 23.22 -0.8% 123.11
Microsoft MSFT 25.92 25.87 25.03 24.49 -2.2% 206.52
Nokia NOK 9.23 8.44 8.54 8.31 -2.7% 31.57
Nvidia NVDA 20.00 19.32 18.26 18.09 -0.9% 10.77
Oracle ORCL 35.96 34.87 35.19 34.27 -2.6% 173.42
Qualcomm QCOM 57.09 56.57 57.12 57.38 0.5% 95.80
Sony SNE N/A N/A N/A 27.05 N/A 27.18
Vodafone VOD N/A N/A N/A 28.42 N/A 145.86
Dow .DJI 12810.54 12638.74 12595.75 12512.04 -0.7% N/A
FTSE 100 .FTSE 6069.90 5976.77 5925.87 5948.49 0.4% N/A
NASDAQ .IXIC 2873.54 2827.56 2828.47 2803.32 -0.9% N/A


HEXUS Forums :: 0 Comments

Login with Forum Account

Don't have an account? Register today!
Log in to be the first to comment!