Record loss at HP
Hewlett-Packard has given Wednesday evening, the biggest quarterly loss in its history known. 8.9 billion dollars Miese the world's largest computer manufacturer was recorded in the third quarter (July 31). Turnover was 29.7 billion U.S. dollars, only good times as high as the loss. In the third quarter of the previous financial year, HP had yet implemented 31.2 billion U.S. dollars and it earned 1.9 billion U.S. dollars. Even for the full year, HP loss, they still significantly lower than the current quarter loss.
HP's loss is attributable to amortization of over nine billion U.S. dollars. The book values of approximately Compaq brand and in the past too expensive acquired companies had to be reduced. Could depend on the further course of business during the fourth quarter, further write-downs are necessary, the company warned financial analysts. CEO Meg Whitman asked, as was Michael Dell of Dell at the presentation of the results of the previous day, patience. The ongoing renovation and repositioning of the company would take several years.
Whitman's program provides inter alia for the reduction of 27,000 points after 2008, 24600 and 2005, a total of 14,500 posts were deleted. With higher severance currently older employees are lured into early retirement, which cost 1.8 billion U.S. dollars. Excluding amortization and restructuring costs HP had it written profit which was slightly above the market expectations.
Nevertheless, the situation is not rosy and operationally. Turnover is the fourth consecutive quarter of decline, taking into account exchange rate fluctuations, it is even the fifth consecutive quarter. HP's stock, which had in the wake of the modest numbers of Dell already lost 3.7 percent of its value during the day, in after-hours trading Wednesday evening put out a roller coaster ride. At the end stood a further 4.8 percent decline to book.
In all four major divisions (Personal Systems, Services, Imaging and Printing and Enterprise Servers, Storage and Networking) sales have fallen. HP Financial Services was able to maintain the level, only the software division increased significantly. But these two each carry not even a billion dollars to Group sales. And it is the software division prepares CEO Meg Whitman worries: Previous calendar year, HP has incorporated the data analysts Autonomy. This company does not develop satisfactorily; Autonomy Whitman had put under new management on a shorter leash.
Also, the profit margins are mostly declining, is the exception here of for imaging and printing. But the picture is deceptive: Distributors and dealers to sit on large quantities of unsold supplies. HP wants to boost with an advertising campaign, the demand for original HP ink and toner. Electronically limited usability of technical hurdles for compatible cartridges and consumables are not enough apparently.
With laptops and computers stocks are among the partners also uncomfortably high because the demand has fallen sharply as Dell. The return of HP Tablets, new Ultrabooks and laptop tablet hybrid devices are designed to provide a new impetus. In the second quarter, HP had on the world market for personal computers but lost much: 12.1 percent of the market share slumped, HP was only slightly ahead of Lenovo.
Investors have been demanding for some time a division of HP. Whitman holds little of it. They were discovered behind the scenes many small initiatives, develop new products. "Do we really need so many products, so many divisions in 166 countries," she asked rhetorically Wednesday evening. They would lock up sell these smaller companies or parts and redeploy the freed capacity in larger, long-term investment. "Focus, focus, focus!" Is their creed.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment