Cantor Fitzgerald Maintains Hold on Hewlett-Packard (HPQ) Following Q2; Sees 'Limited Upside' in HP's stock
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HP Reports Fiscal 2015 Second Quarter Results
May 21, 2015 4:05 PM EDTPALO ALTO, CA -- (Marketwired) -- 05/21/15 -- HP (NYSE: HPQ)
Second quarter net revenue of $25.5 billion Second quarter non-GAAP diluted net earnings per share of $0.87, versus the previously provided outlook of $0.84 to $0.88 per share Second quarter GAAP diluted net earnings per share of $0.55, versus the previously provided outlook of $0.57 to $0.61 per share Second quarter cash flow from operations of $1.5 billion Returned $950 million to shareholders in the form of share repurchases and dividends in the second quarterHP fiscal 2015 second quarter financial performance ============================================================================ Q2 FY15 Q2 FY14 Y/Y GAAP net revenue ($B) $25.5 $27.3 (7%) (1.1 GAAP operating margin... More
HP Partners With Tsinghua to Create a Chinese Technology Powerhouse
May 21, 2015 8:03 AM EDTPALO ALTO, CA and BEIJING, CHINA -- (Marketwired) -- 05/21/15 -- HP (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... More
