Hewlett-Packard (HPQ) Earnings
HPQ reported results and guidance on Monday that were in-line with last week’s preannouncement. A large portion of the revenue upside came from PCs, where many had expected weakness. Consumer printer hardware sales and commercial systems revenues declined, but supplies revenues grew 9.1 percent. The resulting mix shift towards higher-margin ink and toner supplies produced operating margins of 15.5% versus 15% estimates.
Bailout Scorecard
If you find yourself at Thanksgiving dinner scrambling to address your family’s questions about all of the government bailouts in 2008, here is a good cheatsheet.
Quick Hits
- Bloomberg posted this interesting article about how stock dividends are disappearing at the fastest rate in 50 years.
- The S&P 500’s current four-day rally of 18.06%. The last four-day rally was May 27th through May 30th.
- The central banks, which have poured so many billions into commercial-paper and money-market mutual fund markets that one in every seven dollars, about 15 percent of the $1.6 trillion commercial-paper market, is Fed-supported.
- Tomorrow, I will give thanks that I am not mentioned on this list.
--
Peter Lazaroff, Junior Analyst
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