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By Andrew Leckey
About
Ticker: HPQ
Exchange:
What does the company do? Makes and sells computer hardware and software
2009 Financial report:
Net sales: $114.6 billion
Net income: $7.66 billion
Q. I'm concerned about all the leadership drama at
A. More important than the drama is this computer giant's expansion into database and business application software to go along with its proven hardware business. It has a new CEO steeped in that software background.
In fine financial condition with plenty of cash and manageable debt,
But as you have pointed out, headlines surrounding its top executive position have overshadowed its business moves: -- CEO Mark Hurd resigned under board pressure over fraudulent expense reports and his relationship with a female contractor who had filed a sexual harassment complaint. -- Leo Apotheker, the former CEO of German software company -- Hurd is now Oracle's co-president. Consensus analyst recommendation on shares of
Earnings are expected to be up 17 percent for the 2010 fiscal year and 13 percent the following fiscal year, according to Thomson Reuters. The five-year annualized growth rate forecast is 10 percent versus 14 percent expected for the computer systems industry. Available at Amazon.com:
Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back
What Investors Really Want: Know What Drives Investor Behavior and Make Smarter Financial Decisions
© Andrew Leckey
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Investing - Computer Giant HP Weathering the Drama | Successful Investing