Featured Articles

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...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

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