After several expensive false starts, Hewlett-Packard Co. is moving back to the mobile market.
$HPQ announced the release of two new large-format smartphones, initially available in India starting in February $HPQ is a buy
The increase in the amount of the dividend will be effective when the HP board of directors declares HP's next dividend, which is expected to occur in May. HP's previously announced dividend, payable on April 2, 2014, to stockholders of record on March 12, 2014, will not be increased and will remain at 14.52 cents per share.
Hewlett-Packard Company Is Becoming Microsoft's Biggest Enemy
Forget Apple and Google -- Hewlett-Packard is quickly emerging as the biggest threat to Microsoft . Although the company remains the largest seller of Windows PCs in the US (and the second largest in the world), Hewlett-Packard is increasingly undermining Microsoft's business.
Based on a number of recent initiatives, it is clear that Hewlett-Packard is in the midst of a transition -- from Microsoft's partner to Google's. As the manufacturer many turn to when they need a new PC, Hewlett-Packard is uniquely positioned to devastate Microsoft's business.
Hewlett-Packard pushes Windows 7
Earlier this week, Hewlett-Packard made headlines by "bringing back" Windows 7 "by popular demand." While the promotion is more marketing gimmick than actual policy change -- Hewlett-Packard never stopped selling Windows 7 PCs -- the move is still not good for Microsoft.
It's just retaliation for Microsoft's decision to partner with Dell and exclude Hp in a recent deal. The benefit for consumers is more os choices, and Microsoft will be forced to lower prices to compete. It's about time Microsoft had their head handed to them. Hopefully their sales and revenues will continue to slump as savvy consumers try new operating systems.
Citi has upped its PT to $40 from $32 following talks with management, and says its CIO survey indicates H-P's long-struggling services business (sales -9% Y/Y in the Oct. quarter) is gaining share following seven quarters of losses.
H-P has decided to go off the beaten path in its efforts to make consumer inroads in a very competitive Android hardware landscape.
The IT giant is launching two low-end devices - the Slate 6 phablet and Slate 7 voice-enabled tablet - in India later this year.