Featured Articles

Android Wear installed on 50-100k phones

Android Wear installed on 50-100k phones

Android Wear is a companion app that you need in order to run your new Android Wear watch.

More...
AMD launches 45W desktop Kaveri parts, finally

AMD launches 45W desktop Kaveri parts, finally

AMD has finally launched three 45W Kaveri SKUs, which were in the works for months. The three chips feature configurable TDP,…

More...
Desktop Broadwell LGA is Socket 1150

Desktop Broadwell LGA is Socket 1150

Broadwell was supposed to come in 2014 and it will ship in the last quarter of this year for detachable thin…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 22 November 2011 12:03

HP sees profits fall

Written by Nick Farell

hp logo new

Will spend more on research and sales

The maker of expensive printer ink, HP has promised to increase spending on research, sales and to turn around its flagging services arm after its fourth-quarter profit fell nearly 91 percent on weak computer sales.

HP gave a modest earnings forecast for next year saying that 2012, will be a "reset and rebuilding year." The results were better than expected after the pants year that HP has had, but executives said its turnaround effort will entail major investments in research and development and in expanding personnel and internal systems.

CEO Meg Whitman also warned of challenges to growth from a worsening external environment, including falling demand from Europe. Flooding in Thailand has choked off the supply of hard drives, driving up prices for  components, she said.

Whitman said in an interview with Reuters that HP had to improve execution, we guess staff are not dying fast enough. She said that the next two quarters were going to be hell on toast for the IT industry anyway.

More here.

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments