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HP Inc. Message Board

unclefulbert 154 posts  |  Last Activity: 12 hours ago Member since: Mar 8, 2003
  • 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.

  • 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

  • Reply to

    Major Indices in correction territory again

    by unclefulbert Sep 28, 2015 2:29 PM
    unclefulbert unclefulbert Sep 28, 2015 4:14 PM Flag


    That's not good for the average workers. It is unfortunately that it is never more true now than when Boehner was in at the helm:

    You can't negotiate with tea baggers, like trying to catch water with a fork, chop stickers, tongs, mesh drain strainer, flour sieve, colander ...

  • Apparently the money changers do not like to look at another possibility of government shutdown by Christmas, now that the some what reasonable Boehner decided to give up serving his people.

    S&P doqn 2.44% and NAS off 3.01%.

  • Recall USA alone was blamed for Libya unrest, Tunisia uprising, Egypt instability, suicide bombings in Iraq, Ukraine coupe, Afghan war deaths, Pakistani al-Qaeda and Syria civil war. Now all we hear is the Syria refugees swarming Europe and, finally, the other European leaders are coming to the table on their own to be part of the Syria solution.

  • Lower the Aug 24 flash crash:

    Aug 24, 2015 25.61 27.76 24.85 26.60 35,288,800 26.43

  • unclefulbert by unclefulbert Sep 25, 2015 11:08 AM Flag

    "The shutdown caucus as I call them has a small victory," said Rep. David Jolly of Florida.

  • The shocking move means there’s unlikely to be a government shutdown next week. Following Boehner’s announcement, House Republicans said there was agreement to pass a clean spending bill to avert a government shutdown. Several members of the Freedom Caucus, the conservative group which led the revolt against Boehner’s leadership, said they will now support the spending bill without demands to defund Planned Parenthood attached to it.

    “The commitment has been made that there will be no shutdown,” said Rep. John Fleming (R-La.).

    The House intends to vote next week on a clean spending bill and then move on to budget reconciliation — where, Republicans said, both repealing the Affordable Care Act and stripping Planned Parenthood of funding will be considered.

12.61-0.03(-0.24%)Nov 27 1:00 PMEST