Featured Articles

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

We wanted to learn a bit more about Qualcomm's plans for wearables and it turns out that the company believes its…

More...
Qualcomm sampling 20nm Snapdragon 810

Qualcomm sampling 20nm Snapdragon 810

We had a chance to talk to Michelle Leyden-Li, Senior Director of Marketing, QCT at Qualcomm and get an update on…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

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