Tuesday, May 17, 2011

Hewlett-Packard rushes earnings report after warning | FT Tech Hub | FTtechhub - Industry analysis – FT.com

Lowering expectations in several respects…

Hewlett-Packard moved up its quarterly earnings release to before the US markets open Tuesday, two trading sessions earlier than planned, after a memo from its chief executive warned of tough conditions.

HP, the largest maker of PCs by revenue, gave no official reason from the timing shift from late on Wednesday. But the move followed quickly on news reports quoting a memo from CEO Leo Apotheker in which he warned that the ensuing three months would be “another tough quarter”.

Hewlett-Packard rushes earnings report after warning | FT Tech Hub | FTtechhub - Industry analysis – FT.com

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