|Bid||20.56 x 1100|
|Ask||20.63 x 3200|
|Day's range||20.44 - 20.62|
|52-week range||18.46 - 27.08|
|Beta (3Y monthly)||1.20|
|PE ratio (TTM)||7.88|
|Earnings date||28 May 2019 - 3 Jun 2019|
|Forward dividend & yield||0.64 (3.30%)|
|1y target est||23.79|
Today, HP announced a $2 million investment to expand its ocean-bound plastic supply chain. The company will build a new plastic washing line in Haiti that will allow it to produce cleaner, higher quality recycled plastic locally for use in HP products.
Today, HP unveiled a new study underscoring the importance of sustainable business practices in recruiting, hiring and retaining top talent. The global, 20,000 participant survey found that 61 percent believe sustainability is mandatory for businesses1. For many businesses, the first wave of sustainable changes was addressed through big ticket items like LEED building certification and energy efficient lighting.
News Highlights: HP Sure Sense1 harnesses deep learning AI to enable real-time malware protection.HP EliteBook x360 830 G6 is the world’s brightest business convertible2 for.
Are These Tech Stocks Attractive after Nearing 52-Week Lows?HPQ has fallen 25% since October 2018 Shares of consumer tech company HP Inc. (HPQ) have fallen 25% since the start of October 2018. The tech sell-off contributed massively to this decline.
The Latest Updates on Uber, Disney, Amazon, and Snapchat(Continued from Prior Part)Global PC shipments fell 3% in the first quarter Hardware companies have been having a rough time lately due to falling demand. Both IDC and Gartner have released
Today we've highlighted 10 stocks that are currently trading for under $20 per share. All of these stocks sport a Zacks Rank 2 (Buy) or better at the moment, along with a variety of other positive factors that help these companies stand out.
Workflow integration pacts with various companies help 3D Systems (DDD) in leveraging its additive manufacturing solutions in telecom and technology, medical devices, aerospace and gas turbines.
Hewlett-Packard did not have to buy Britain's Autonomy to solve the U.S. company's other problems in 2011, its former chief executive told the $5 billion fraud trial of Mike Lynch. Lynch is accused of fraudulently inflating the value of Autonomy, which HP bought for $11.1 billion and then wrote down by $8.8 billion a year later. Autonomy was a market leader in software for unstructured data, helping companies extract the meaning from emails, video or voice calls, which are hard to analyze in traditional ways.
Stratasys (SSYS) aims to boost adoption of serialized production additive manufacturing, and strengthen its position in the 3D printing market.
Hurried swoop on Autonomy in 2011 was part of a change of strategy by the then chief Léo Apotheker, who was sacked before the deal completed. Photograph: Stephen Lam/ReutersHewlett-Packard carried out only six hours of due diligence on the finances of the British software company Autonomy before buying it for £8bn, in a deal that ended in disaster and a $5bn (£3.8bn) fraud case, according to court documents.Successor companies to HP and Autonomy are seeking more than $5bn in damages from Autonomy’s founder, Mike Lynch, and the firm’s former finance boss Sushovan Hussain.The claimants accused the executives of artificially inflating the value of Autonomy before the sale, which took place in 2011. A year after the acquisition, HP wrote down $8.8bn in relation to the purchase, alleging accounting irregularities.Lynch and Hussain deny all of the allegations in the case. In the defence’s opening statements this week, Robert Miles QC, representing Lynch, argued HP sought to blame Autonomy’s executives for a “botched” acquisition and to deflect attacks on the US company’s leadership.The hurried swoop on Autonomy was part of a change of strategy by the then HP chief executive, Léo Apotheker who was sacked by HP before the deal completed, to move away from computer hardware towards higher-margin software business.HP carried out only a brief period of due diligence to use the Autonomy purchase as a “counterpoint to various bits of bad news that HP was expected to publish” on the same day the deal was announced, the defence’s opening submission to the high court in London stated. The due diligence allegedly started on 1 August and ended on 18 August, the day on which HP’s strategy change was announced.The defence’s submission said: “The due diligence of Autonomy’s finances was limited and largely consisted of four conference calls lasting approximately 1 to 1 1⁄2 hours.”Accountants KPMG, software consultants Black Duck and the law firm Freshfields assisted HP in the due diligence, a process of checks that corporate buyers carry out on acquisition targets. However, KPMG was unable to complete its checks before the announcement, the defence said.The defence’s submission said: “While KPMG had been contracted to provide a number of services in relation to the due diligence, HP’s tight timetable meant that by this point they had not carried out all of the tasks which they had been engaged to carry out. HP nevertheless decided to go ahead.”HP also did not request some non-public information from Autonomy because it was afraid that Oracle, a large rival, would make a bid for the company to gain access to the commercially sensitive information under British takeover law, the documents said.Paul Casey, representing Hussain, said: “It is simply impossible that the defendants could have carried out a fraud of this scale on their own, without the assistance of a huge number of employees of Autonomy.”Lynch, who was present in court throughout the opening statements of the civil fraud trial, also faces separate criminal charges in the US. He denies the 17 charges from the Department of Justice, which include conspiracy and wire fraud. They carry a maximum prison sentence of 25 years.
Next week at the world’s largest 3D printing user event, the Additive Manufacturing Users Group (AMUG) conference, HP Inc. will showcase new customers, applications, and technology as it continues leading the industry toward 3D production. HP’s advanced portfolio of 3D printing technology continues to expand and is helping customers accelerate their digital manufacturing journey.
Successor companies to HP and Autonomy allege that Mike Lynch fraudulently inflated the latter company’s value. Photograph: Dominic Lipinski/PA Hewlett-Packard wrote down the value of Autonomy by $8.8bn to protect the reputation of the former HP chief executive Meg Whitman and to find a scapegoat for the “botched” acquisition of the British firm, a court heard on Wednesday. At the start of the defence of the Autonomy founder Mike Lynch in a $5bn fraud trial in London’s high court, the court heard that successor companies to HP and Autonomy are suing Lynch and his former chief financial officer, Sushovan Hussain, accusing them of fraudulently inflating the value of Autonomy ahead of HP’s disastrous £8bn acquisition in 2011. Lynch and Hussain deny all the allegations. Robert Miles QC, representing Lynch, told the court that the US firm HP had taken an “aggressive approach designed to protect Meg Whitman and others in HP”. The case is an attempt to find someone to blame for HP’s business struggles, the defence said. The 2012 announcement of irregularities at the software firm Autonomy was accompanied by a public relations campaign to protect HP executives’ reputations, the court heard. That campaign included early warning and a phone call with the then prime minister, David Cameron, and letters to multiple coalition government cabinet members of the time, including the chancellor George Osborne, the business secretary Vince Cable and the defence minister Philip Hammond, according to internal HP documents revealed in the trial. HP also ran a “truth squad” checking media reports, the communications plan showed. The “AU [Autonomy] writedown and underlying story could have a very negative impact,” said the plan. “Potential traction-killing event – ‘the drama is back at HP’.” The defence argued on Wednesday that Lynch had intended to stay on to lead Autonomy as part of HP after the deal was complete, making it very unlikely that he would try to commit fraud against his future colleagues. “The case they’re advancing entails that Dr Lynch must have been monumentally dim,” said Miles. The claimants this week argued that Lynch and Hussain misled HP ahead of the deal, including misrepresenting transactions and committing accounting fraud to inflate revenue figures and make HP pay more in the acquisition. This allegedly included the concealment of hardware sales used to inflate revenues. Miles argued that HP’s top executives knew of many of the accounting issues highlighted by the claimants well before they accused Lynch and Hussain of fraud. In a post-deal audit in November 2011, the accountants Ernst & Young (now called EY) highlighted $115m in hardware revenues, the defence’s opening submission said. HP chief financial officer Catherine Lesjak responded, “Looks good” in an email responding to the Ernst & Young presentation, the documents showed. HP’s acquisition of Autonomy had been designed to shift the business away from relatively low-margin hardware sales towards more profitable software sales. “They pretty much gave up on those ambitious plans,” Miles said. “The acquisition was botched.” Lynch, who was present in court for the first three days of the civil fraud trial, also faces separate criminal charges in the US. He vigorously denies the 17 charges from the Department of Justice, which include conspiracy and wire fraud and carry a maximum prison sentence of 25 years. Hussain was convicted on similar charges in the US on April 2018 and is currently awaiting sentencing in the San Francisco area. He is expected to appeal against his conviction.
Hewlett-Packard botched its $11.1 billion (8.41 billion pounds) acquisition of Autonomy and then tried to cover up its own mismanagement by accusing the British software company's founder Mike Lynch of fraud, a London court was told on Wednesday. HP is suing Lynch, once hailed as Britain's answer to Bill Gates, along with his former finance chief Sushovan Hussain for more than $5 billion after the 2011 Autonomy deal went disastrously wrong for the Silicon Valley group. HP wrote down the value of Autonomy by $8.8 billion, saying it had uncovered serious accounting improprieties.
NEW YORK, March 27, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
By limiting our search to companies in our "Computer and Technology" sector with Zacks Rank 2 (Buy) or better rankings, we can ensure that we are finding the highest quality stocks to buy right now. Throw in your preferred dividend yield and you will find some of the best tech stocks for dividend investors to target.