Sunday, November 19, 2006

HP Poised to Unseat IBM (BW)

Major milestone 

Hewlett-Packard (HPQ) has taken a big step toward laying official claim to the title of world's biggest tech company. On Nov. 16 the Palo Alto (Calif.) company reported fourth-quarter earnings that, thanks to all its business units performing well, exceed the annual sales IBM (IBM) is expected to post in its fourth quarter, which ends Dec. 31. "This has been a defining year for HP," a buoyant Chief Executive Mark Hurd told reporters during a conference call. And no, he wasn't referring to the pretexting scandal that dominated headlines earlier this fall.

Source: HP Poised to Unseat IBM

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