Chief Executive Officer of Hewlett-Packard Company (NYSE:HPQ), world’s biggest computer makers, Meg Whitman took one more step in her drive to lift profitability toward dismantling the computing empire former Chief Executive Officer Mark Hurd made with $24.3 billion in purchases.
Hewlett-Packard reported in a statement on Thursday that the company was writing down the worth of its enterprise- services unit by $8 billion and shuffling management at the best of the unit. That follows an report in May that Whitman is removing 27,000 employments within the company, many of them from that business.
The write-down shows the dwindling worth of Electronic Data Systems Corp, purchased by Mark Hurd for $13.2 billion in 2008.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Dell Inc. (NASDAQ:DELL) increased +0.73% to settle at $12.39, Apple Inc. (NASDAQ:AAPL) moved up +0.57% to end at $620.73 while Silicon Graphics International Corp (NASDAQ:SGI) jumped +27.27% to finish on Thursday at $8.68.
Hewlett-Packard Company (NYSE:HPQ) on Aug 09, 2012 no change for the day to the closing price of $19.41. The overall volume in the last trading session was 20.19 million shares. Its fifty two week range was $17.41-$34.00. The total market capitalization remained $38.27 billion.
HPQ is ahead its 52 week low with +11.49% and going forward from its 52 week high price with -41.73%. HPQ last month stock price volatility remained 2.94%. In its share capital HPQ has 1.97 billion outstanding shares among them 1.95 billion shares have been floated in market exchange. HPQ stock institutional ownership remained 74.98% while insider ownership included 0.02%.
The stock price of HPQ is moving forward from its 20 days moving average with +4.72% and remote negatively from 50 days moving average with -2.34%. HPQ current year earnings per share experienced a downfall of -61.99% while its current quarter performance remained -16.94%. Company’s beta coefficient included 1.05. Beta factors measures the amount of market risk associated with market trade.
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