Good catch, I forgot about those High Frequency trading desks with their special hooked ups with zero delay while regular traders have a built in msec delays built in with lousy switch boxes with extra long loops of wires sending data in round about ways. But that's another topic, just like private research shops charge a fee to get their reports earlier than the public.
Agree that one should pay more for more usage and the phone companies are charging for the amount of data used BUT everyone gets the same connectivity in terms of speed and connectivity, NOT SO in internet access speed. The rich gets to download a movie in 1 minute while the poor gets to sit for 15 minutes watching the progress bar and hoping the connection stays on before the final byte.
If you don't know the answer, stay away from the stock.
BTW, you do know how much $$$ Meg had spent last quarter to buy back shares right?
Try to load Netflix's Marco Polo with your dial up and see how annoying it gets. As is AT&T or Comcast are charging customers an arm an a leg for internet services relative to European ans Asian countries. Why should the Netflix and Twx have to pay more on top of their internet consumers?
I am paying for U-verse, AT&T's fibre optics, Max or Max-plus. There are 6 options from 3 to 45 mpbs. I am not sure if the new rule would stop AT&T from cutting it into more options to maximize payments from customers. Far as I am concerned, there should not be more than 3 or 4 options. Makes no sens to dicing the speed spectrum into more slots for profit.
Expect this shrinking stock to fall further ... $30.xx will be a reasonable buy with all the uncertainties.
You know how much stock repurchase cash is left after Meg bought back 41.1 mil shares in Q1 at $38 plus. Watch out if the Aruba deal is for real.
1986 was still running the touch screen HP150 with may be 80 mb winchester based on HP Basic. None of the software then would function today unless you are a genius in bridging the platforms. I believe HP did not go with Wintel until late 80's or early 90's.
Usually true ... the scam is to confuse investors with restructuring, M&As, spin-offs and asset sales. Afterall, they are lumped into the one-time charges.
Bloomberg: HP in talks to buy Aruba Networks
Bloomberg reports HP (HPQ -10.1%) is in talks to acquire enterprise Wi-Fi hardware/software provider Aruba Networks (ARUN +22.5%), and that a deal could be announced as soon as next week. Aruba has skyrocketed on the report, and has taken rival Ruckus (RKUS +4.7%) higher with it. Aruba's market cap is now around $2.5B.
Aruba is the enterprise Wi-Fi market's #2 player - behind Cisco (NASDAQ:CSCO), which towers over the space - and HP is also in the top-5. IDC estimates Cisco, Aruba, Ruckus, and HP respectively had Q2 2014 enterprise Wi-Fi shares of 46.8%, 11.8%, 6.2%, and 4.5%.
You are still using an HP PC over 10 years old? Running windows 95 or NT? If so, beware of malwares as security of those old systems are NFG.
BTW, you can get a 4G/500G PC with windows 8 for less than $200 when on sale. It is money well spent instead of having too little RAM and HD space, not to mention security breach every time you go on line. In fact, most applications require Vista or Wins 7/8 these days.
Jim Suva - Citigroup
Great, thanks very much. Cathie, can you just help us bridge with difference of the current free cash flow guidance of $3.5 billion to $4 billion versus the prior of $6.5 billion to $7 billion, just help us quantify or understand the bridge of the - where the $3 billion go to, lot of the timing things over a long-term where there is inventory payables or whether it should kind of wash out. So if you can help us understand on a yearly basis where the 43 billion went?
Cathie Lesjak - Executive Vice President and Chief Financial Officer
Sure. And Jim you’re absolutely right, the softness that we saw in free cash flow in Q1 was largely the result of timing. And so we don’t believe it has an impact to the total year. So if we go, if we start with the $6.5 billion to $7 billion that was the outlook back in November, you then take into consideration the separation cost for a fiscal 2015 which are $1.3 billion.
Turning to capital allocation. In Q1 we repurchased 41.4 million shares and paid $304 million in dividends for our total capital return to shareholders of $1.9 billion.
ANNUAL savings, and every penny went to "shareholders" especially the executives gorging themselves on cheap/free options for applauding Meg's cockamamie 5-year turn around plan.
Non-GAAP operating profit was 8.8% up 0.3 points year-over-year. We are nearing the completion of our 2012 restructuring plan. In Q1 about 2,800 people exited the company making the total reduction to-date approximately 44,000. We are on track to complete this existing program with a total of 55,000 people expected to exit by the end of fiscal 2015.
However, we do anticipate incremental opportunities for operational improvements identified through the separation process.
Wonderful to be the insider with their "automatic" sales:
Date Insider Shares Type Transaction Value*
Jan 23, 2015 GOMEZ HENRYOfficer 30,968 Direct Automatic Sale at $40.01 per share. 1,239,029
Jan 22, 2015 WEISLER DION JOfficer 17,848 Direct Automatic Sale at $38.91 per share. 694,465
Jan 20, 2015 WEISLER DION JOfficer 12,500 Direct Automatic Sale at $38.47 per share. 480,875
Jan 18, 2015 GOMEZ HENRYOfficer 3,636 Direct Disposition at $38.34 per share. 139,404
Jan 16, 2015 NEFKENS MICHAEL GOfficer 11,053 Direct Disposition at $38.34 per share. 423,772
Jan 16, 2015 NEFKENS MICHAEL GOfficer 284,718 Direct Automatic Sale at $37.96 per share. 10,807,895
Jan 16, 2015 HINSHAW JOHN MOfficer 4,540 Direct Option Exercise at $38.34 per share. 174,063
Jan 16, 2015 YOUNGJOHNS ROBERTOfficer 9,581 Direct Disposition (Non Open Market) at $38.34 per share. 367,335
Jan 16, 2015 HINSHAW JOHN MOfficer 1,804 Direct Disposition (Non Open Market) at $38.34 per share. 69,165
Jan 15, 2015 LESJAK CATHERINE AOfficer 76,379 Indirect Sale at $38.55 per share. 2,944,410
Jan 15, 2015 LESJAK CATHERINE AOfficer 699,220 Direct Automatic Sale at $38.55 per share. 26,954,931
Jan 15, 2015 LESJAK CATHERINE AOfficer 699,220 Direct Option Exercise at $13.83 - $27.34 per share. N/A
Jan 9, 2015 VEGHTE WILLIAM LOfficer 200,000 Direct Automatic Sale at $41 per share. 8,200,000
Jan 2, 2015 VEGHTE WILLIAM LOfficer 56,761 Direct Automatic Sale at $40.05 per share. 2,273,278
(Bloomberg) -- Allergan Inc. Chief Executive Officer David Pyott could receive about $100 million if he’s terminated following Actavis Plc’s acquisition of the Botox maker.
The payment would include about $89 million in cash and stock he’d receive in exchange for equity awards that haven’t yet vested, according to a Feb. 19 filing from Irvine, California-based Allergan. Pyott would also receive $9.91 million in cash, as well as $2 million for accrued pension and health benefits for three years, according to the filing.
Unfortunately the kingdom has a bunch of Dukes building cloud empires all over: amazon, cisco, salesforce, msft and of course google etc. Game of Thrones man.
The obstructionists are new to doing something. They should start off with a clean bill instead of fooling around with Obama's immigration plan. What are you gonna to do with the bunch of doofus who only how to write bills to name post offices over the past 4 years?
Gee, You don't here Apple or google used the same tune. You hedge.
There are laws requiring everyone contributing to pension plans, Social Security, medicare etc.
Do you volunteer to pay fed, state, local taxes and community bonds for the good of the community if not mandated? Unions only work if members are unified ... pay their fair share to support workers' causes.