Thursday, August 17, 2006

HP Closes In On IBM

Great News for Hpites.... HP Finally showing its value over Shit Company IBM.


Read thru' the snip from http://finance.yahoo.com/columnist/article/business/8704

HP creeps up on IBM

Hewlett-Packard (HPQ) might overtake IBM (IBM) as the world's largest technology company this year. (The New York Times, free registration required) HP posted better-than-expected revenue of $21.9 billion in its third quarter, an increase of 5 percent over the same period last year. CEO Mark Hurd expects revenue of $92.1 billion this year. Analysts think IBM's full-year revenue will be $89.9 billion. They credit HP with posting higher margins on computer sales, even though rival Dell (DELL) cut PC prices. "It shows that through restructuring and execution," said William Shope of J.P. Morgan, "HP has significantly changed the competitive landscape."

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