HP Partners With Tsinghua to Create a Chinese Technology Powerhouse
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Cantor Fitzgerald Maintains Hold on Hewlett-Packard (HPQ) Following Q2; Sees 'Limited Upside' in HP's stock
May 22, 2015 8:01 AM EDTCantor Fitzgerald maintains a Hold rating on Hewlett-Packard (NYSE: HPQ), and cut the price target to $33.00 (from $35.00), following mixed 2Q results. Analyst Brian White said that EPS is poised to fall in FY2015.
White commented on HP, saying, "HP reported... More
Needham & Company Remains Sidelined Following Hewlett-Packard's (HPQ) F2Q Results
May 22, 2015 7:03 AM EDTNeedham & Company maintain a Hold rating on Hewlett-Packard (NYSE: HPQ) following F2Q results. Total revenue reported was 25.4B, slightly below consensus of $25.7B. Non-GAAP EPS of $0.92 was above consensus of $0.85. For F3Q (Jul), HP expects $0.83-0.87 in non-GAAP EPS, compared to consensus estimates of $0.87
Needham & Company analyst Richard Kugele commented on the... More
Hewlett-Packard (HPQ) Will Sell Majority Stake in H3C to Tsinghua Holdings
May 21, 2015 8:04 AM EDTHewlett-Packard (NYSE: HPQ) and Tsinghua Holdings today jointly announced a partnership that will bring together Chinese enterprise technology assets of Hewlett-Packard and China's prestigious Tsinghua University to create the leading Chinese provider of technology infrastructure.
Under the definitive agreement, Tsinghua Holdings subsidiary, Unisplendour Corporation, will purchase a 51% stake in a new business called H3C, comprising H3C Technologies and HP's China-based server, storage and technology services businesses, for approximately $2.3 billion, valuing the total business at $4.5 billion (net of cash and debt). Combining these two entities, the new H3C will be a... More
