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Hewlett-Packard Company Message Board

unclefulbert 196 posts  |  Last Activity: 18 hours ago Member since: Mar 8, 2003
  • unclefulbert by unclefulbert 18 hours ago Flag

    That's a lot of interest ... but Dell is not paying dividend and the ~4.5% apr may be way too high, likely 2% in today's zirp (Apple paying near less than 1%.):

    Here's a full email:

    Seize the moment

    To: All Hewlett Packard Enterprise Employees

    You probably saw the news earlier today, Dell announced that they would acquire EMC for $67 billion. I wanted to take a quick moment to tell you why I (and you should too) believe this is a good thing for Hewlett Packard Enterprise and an opportunity for us to seize the moment. This is validation for the strategy that we have laid out and I am not surprised that others would try to emulate it. But, the reality is that we are two years ahead of the game and it will be difficult for others to catch up.

    First, let me give a little context. To pay back the interest on the $50 billion of debt that the new combined company will have on their balance sheet, Dell will need to pay roughly $2.5 billion a year in interest alone. That’s $2.5 billion that they will allocate away from R&D and other business critical activities, which will keep them from better serving their customers.

    Second, integrating EMC and Dell, which combined have more than $75 billion in revenue and nearly 200,000 employees, is no small feat. This will be a massive undertaking and an enormous distraction for employees and their management team as two very different cultures come together, leadership teams shift and an entirely new strategy is developed.

  • Reply to

    Here Unc, look at not in labor force numbers

    by zeehack2014 Oct 8, 2015 12:52 PM
    unclefulbert unclefulbert Oct 8, 2015 4:32 PM Flag

    There is a chart showing the core population of various countries including USA. Search for:

    Slowing Engines of Growth Examined...or Demographics'R'us

  • Reply to

    Here Unc, look at not in labor force numbers

    by zeehack2014 Oct 8, 2015 12:52 PM
    unclefulbert unclefulbert Oct 8, 2015 4:11 PM Flag


    heinlein responded succinctly and no need for more of the same. I have opined about the boomer effect since 2009. Only in recent year that those PhD economists began to accept demographic change as the major factor on labor rate. Others include women decide to leave jobs for full time moms and empty nesters discovered much happiness with single income. ...

  • WASHINGTON (Reuters) - The number of Americans filing new applications for jobless benefits fell more than expected to near a 42-year low last week, pointing to ongoing tightening in the labor market despite the recent slowdown in hiring.

    The data released on Thursday provides an upbeat check on the health of the labor market after last week's monthly employment report increased doubts the Federal Reserve would raise interest rates by the end of this year.

    Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 263,000 for the week ended Oct. 3, the Labor Department said.

    That was the lowest since mid-July when the number of claims was at its lowest since 1973. Hitting such a historical low is remarkable considering the U.S. workforce has grown considerably since the 1970s.

  • CNBC: Dell offer for all of EMC would be above $27/share

    CNBC's David Faber reports a Dell bid for the whole of EMC would be above $27/share. For reference, EMC closed yesterday at $25.96.
    Faber adds a deal could be a week away, and would require $40B in financing. Dell would keep control of VMware (VMW - 80%-owned by EMC).
    EMC +5.2% premarket to $27.30. The company's market cap stands at $52.6B.

  • Reply to

    Free Trade Mavens

    by langosta_fla Oct 7, 2015 11:45 AM
    unclefulbert unclefulbert Oct 7, 2015 2:01 PM Flag


    US Steel is not the only multinational commodity name under duress. Aluminum Alcoa has been hurting since kicked off DOW-30. Rare metal MCP is bankrupted. For international, Brazil's oil Petrobas and copper Freeport McMoRan. Their happy days since the China growth story at the turn of this century is over.

    So, it is how each of them deal with the glut and cost cutting.

  • One former HP employee, Peter Hagelund, told the Wall Street Journal that his division spent months in 2002 doing nothing but signing off on hundreds of each other's wacky ideas — including a design for chopsticks that also dispense soy sauce.

    Those employees ended up pooling their $100 earnings and splitting them evenly. Hagelund said that with his proceeds, he was able to buy a red Jeep Liberty. After his stint at HP, Hagelund left for IBM, which was a very different culture.

    "If I had put forward the chopsticks idea at IBM, they would have laughed at me or walked me out the door,” Hagelund told the Wall Street Journal.

    Add this up with a recent report that Steve Jobs apparently fleeced Carly Fiorina with a one-sided deal for HP to resell iPods, and it looks like the company was easy to manipulate under her leadership.

  • unclefulbert unclefulbert Oct 3, 2015 10:19 AM Flag


    It has been hard to replace the millions of phony jobs (real estate agents, liar loan pushers, countrywide office clerks, CDO/CDS marketeers, carpenters building in boondock sites, caterers to all the above ...

  • who have done nothing on infrastructure job bill while threatening to shut down government by Christmas, again.

    Dow +1.23% to 16,472.70. S&P +1.43% to 1,951.10. Nasdaq +1.74% to 4,707.20.
    Treasurys: 30-year +0.67%. 10-yr +0.46%. 5-yr +0.37%.
    Commodities: Crude +2.17% to $45.71. Gold +2.15% to $1,137.70.
    Currencies: Euro +0.08% vs. dollar. Yen +0.11%. Pound -0.32%.

  • unclefulbert unclefulbert Oct 2, 2015 10:20 AM Flag


    You must have misread the job message. It was +142K jobs added, not -142 jobs. The forecasting PhD economists all have egg on their faces by not counting the job cuts by Meg, Caterpillar, banks, mining, oil and gas companies. Blame those job creators who stopped investing in America other than M&A/dividend/sharebuybacks while the obstructionists are sitting on the infrastructure bill for years allowing the bridges to crumble and utility leakages.

  • removing my posts on jobs ... no wonder its stock is as bad as HP.

  • and bad revision as well:

    Big miss for jobs numbers

    September Nonfarm Payrolls: +142K vs. consensus +203K, +136K previous (revised from 173K).
    Unemployment rate: 5.1% vs. 5.1% consensus, 5.1% previous

  • Big layoff announced by HP, Caterpillar, big and small oil/gas and BofA are the headwinds:

    Initial Jobless Claims rise 10K to 277K

    Initial Jobless Claims: +10K to 277K vs. 272K consensus, 267K prior.
    Continuing Claims -53K to 2.19M vs. 2.24M prior.

  • No long-term future in tar sands, Alberta's premier says

    Alberta premier Notley says she sees no long-term future in fossil fuels, and vows to fight climate change by cleaning up the tar sands, shutting down coal-fired power plants, and converting to wind and solar power.
    The leader of the province that sits atop the world’s third-biggest known carbon reserves in the tar sands and has ramped up production to ~2M bbl/day of crude is expected to unveil new targets for reducing greenhouse gas emissions later this fall.
    At the same time, Notley says she is not opposed to most of Alberta's proposed pipeline projects; she supports TransCanada's (TRP +1.5%) Energy East because she says it helps create value from Alberta crude, but she opposes Keystone XL because it would keep Alberta too focused on the U.S. market.
    She says Kinder Morgan (KMI +3.5%) should consider shifting its Trans Mountain pipeline to a different port in British Columbia to win over opponents to the line’s expansion

  • U.S. economy added 200K private jobs even as manufacturing (energy especially) down 15K

    Sept. ADP Jobs Report: +200K vs. 190K consensus, 186K (revised from 190K) prior.
    Service sector added 188K jobs.

  • expect a tad under 200K jobs and Friday's UE should be about the same.

    Low gas price is finally helping consumers to spend more on discretionary at the mall. Net job data is held back by energy related businesses that have been laying off people, reducing cap investments and cutting contracting work.

  • Reply to

    Moer on inflation and TIPS spreads

    by w.heinlein Sep 28, 2015 3:49 PM
    unclefulbert unclefulbert Sep 29, 2015 3:46 PM Flag

    Heinlein, All books by Lewis were good easy reads from his first Liars Poker to Flash Boys.

    Interesting story teller.

  • Reply to

    The Economist: Mr Trump’s plan is twaddle

    by ursofulofkrap Sep 29, 2015 8:55 AM
    unclefulbert unclefulbert Sep 29, 2015 11:00 AM Flag


    I agree with you that Trump's plan is better than Jed's or Paul Ryan's. Unfortunately, special interests would never allow their politicians to eliminate their hard fought/bought precious tax exemptions..

  • Cheaper gas trumps China worries:

    Consumer Confidence
    Sep Consumer Confidence: 103.0 vs. 96.0 consensus; 101.3 (revised) in Aug.
    The present situation index at 121.1 from 115.8 (revised) in Aug.
    The expectations index declined to 91.0 from 91.6 (revised) in Aug.
    “Consumers’ more positive assessment of current conditions fueled this month’s increase".
    Redbook Chain Store Sales
    Redbook Chain Store Sales: +0.9% Y/Y vs. +0.9% last week.
    S&P Case-Shiller Home Price Index
    July S&P Case-Shiller Home Price Index: -0.2% M/M vs. +0.1% expected, -0.2% (revised) prior.
    +5% Y/Y (N.S.A) vs. +5.3% expected, +4.9 (revised) prior.

  • for those who were hoping their company shares would recover. They should sell when crooks like them sold near 52 week lows last Monday. Question is would shares recovery near split :

    Sep 21, 2015 LESJAK CATHERINE AOfficer 23,266 Indirect Automatic Sale at $26.23 per share. 610,267
    Sep 21, 2015 FINK MARTINOfficer 30,235 Direct Automatic Sale at $26.25 per share. 793,668
    Sep 21, 2015 YOUNGJOHNS ROBERTOfficer 8,375 Direct Automatic Sale at $26.25 per share. 219,843
    Sep 21, 2015 LESJAK CATHERINE AOfficer 200,000 Direct Automatic Sale at $26.35 per share. 5,270,00

29.49+0.19(+0.65%)10:30 AMEDT