As long as someone else says it, I should be okay...maybe these good folks are picking on HP, because HP is the biggest and best in the business.
I threw up a little...in my mouth, just now.
Business Week:
"Peter Misek of Jefferies & Co. said that tablets are likely to hurt HP's personal computer segment.
"While consensus thinks Windows 8 will boost personal computers, we think it will accelerate tablet cannibalization as the operating system focuses on touch," he wrote in a client note.
Misek also believes that smartphones are now used by enough consumers -- and tablets to a lesser degree -- that it is lowering printing demand.
The analyst lowered HP to "Hold" from "Buy" and reduced his price target to $23 from $30.
HP shares closed at $22.68 per share on Thursday. They fell to a 52-week low of $20.57 on May 23 and traded as high as $37.70 late last July.
An email seeking comment from HP was sent before business hours but was not immediately returned."
From a usually more upbeat news site, cheerfully named,
Bright Side News, the first passage is the high-point of the article:
"While we at Bright Side of News always try to look at the bright side of things and have an optimistic view of the industry, there are times when we simply cannot help ourselves and must say something.
Case and point is Hewlett Packard [NYSE:HPQ] and their current announcement of their reduced earnings of 31%..."
The analysis compares HP's terrible employee/revenue ratio with other companies in the niche sumamrizing with:
"When you have that many employees, your workforce begins to become a liability rather than an asset and you begin to drain yourself purely as a result of maintaining such a large bureaucracy. If HP wants to really become nimble, they need to spin off divisions of the company or give some of them less importance in the future of the company's success."
Mother Blue is going through some significantly bad times - more than most.
Who else could one week announce the reduction of 28,000 employees and talk about being around 40 years from now the next?
IPG merging with PSG is like two fortune 500 companies merging - and we all know how well merges of that scale go, right?
Well, the next time you see an HP'r, wish her the best.
I know I will.
