HP’s Profit Drops 13%, Cuts 2009 Forecast

Computer giant Hewlett Packard is feeling the recession as it reported a profit drop of 13 percent and was forced to cut it’s 2009 forecast.
“The swing in the revenue outlook is particularly glaring and suggests that, clearly, their business has slowed materially over the last two months,” said Calyon Securities analyst Shebly Seyrafi.
The company [...]

Written on February 19, 2009 | Posted in Business News, Headlines, Technology | No comment