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Hewlett-Packard shares look cheap despite big rebound: Barron's

NEW YORK (Reuters) - Shares of Hewlett-Packard Co are poised to rise by 20 percent over the next year, helped by an expected pickup in information-technology spending, according to an article in the April 7 edition of Barron's. HP's stock has risen 46 percent in the past year, but with a valuation of 8.7 times projected earnings over the next four quarters, it still trades at a 44 percent discount to the market, the financial newspaper said. By way of comparison, Xerox trades at close to 10 times earnings, it added.

Hewlett-Packard shares look cheap despite big rebound: Barron's

NEW YORK (Reuters) - Shares of Hewlett-Packard Co are poised to rise by 20 percent over the next year, helped by an expected pickup in information-technology spending, according to an article in the April 7 edition of Barron's. HP's stock has risen 46 percent in the past year, but with a valuation of 8.7 times projected earnings over the next four quarters, it still trades at a 44 percent discount to the market, the financial newspaper said. By way of comparison, Xerox trades at close to 10 times earnings, it added.

HP agrees to pay $57 million to settle shareholder lawsuit

(Reuters) - Hewlett-Packard Co agreed to pay $57 million to settle a lawsuit that accused the personal computer maker's former management of defrauding shareholders by abandoning a business model it had long touted. The lawsuit was filed after former Chief Executive Leo Apotheker shocked investors on August 18, 2011 by announcing plans to refocus the company on business services and products.

HP to outline 3D-printing foray by October

SAN FRANCISCO (Reuters) - Hewlett-Packard Co plans to outline its entry into the 3D-printing business by October, as the computing company seeks to extend its dominance of traditional printers into a fledgling but fast-growing market. Chief Executive Meg Whitman said last week HP would make an announcement in June, now that the company has solved a number of technical problems that have hindered broader adoption of the high-tech manufacturing process.

Hewlett-Packard confirms that higher layoffs are expected through October 2014

PALO ALTO, Calif. - Personal computer giant Hewlett-Packard Co. has confirmed that it expects layoffs at the upper end of a range that it outlined earlier this year, with 5,000 more workers than originally planned expected to lose jobs by October 2014. The company said in a securities filing Monday that "continued market and business pressures" were behind the move. The additional cuts, on top of the 29,000 positions it planned to cut in a May 2012 restructuring plan, will likely boost the accumulated restructuring charges to $4.1 billion from $3.6 billion, it said.

Hewlett-Packard to cut 5,000 more jobs

(Reuters) - Hewlett-Packard Co said it would cut 5,000 more jobs, bringing the total number of layoffs to 34,000, or 11 percent of its workforce. The company said in a regulatory filing on Monday that it would record a charge of $4.1 billion in 2014, up from its prior estimate of $3.6 billion. (http://r.reuters.com/kyf75v) HP is striving to get back to growth through job cuts and focusing on businesses with longer-term potential such as enterprise services.

Hewlett-Packard to cut 5,000 more jobs

(Reuters) - Hewlett-Packard Co said it would cut 5,000 more jobs, bringing the total number of layoffs to 34,000, or 11 percent of its workforce. The company said in a regulatory filing on Monday that it would record a charge of $4.1 billion in 2014, up from its prior estimate of $3.6 billion. (http://r.reuters.com/kyf75v) HP is striving to get back to growth through job cuts and focusing on businesses with longer-term potential such as enterprise services.

HP unveils high-volume copiers supplied by Japan's Sharp

Hewlett-Packard Co. unveiled Tuesday the S900 series of photocopiers for high-volume users, supplied by Sharp Corp., for sale in the United States and Europe from February. Sharp, a struggling Japanese electronics maker, struck a deal with HP, a U.S. computer giant that also sells office machines, after its plan to set up a copier company with South Korea's Samsung Electronics Co. faltered.

HP to cut 1,124 jobs in UK

LONDON (Reuters) - U.S. computer maker Hewlett-Packard Co is set to cut 1,124 jobs in Britain as part of plans to lay off 27,000 employees globally by the end of 2014, the company said on Wednesday. HP's statement came after the Unite union said it had attended a meeting where managers were outlining their plans to cut jobs at the group's sites in Bracknell, Sheffield and Warrington by next year. The union said HP, which employs between 15,000-20,000 people in Britain, blamed falling demand and reorganization for the job losses.

HP shares jump on turnaround hopes; margins a concern

By Poornima Gupta and Neha Alawadhi (Reuters) - Hewlett-Packard Co shares soared near their 52-week high on Wednesday after investors saw signs a turnaround plan was gaining traction, but Wall Street worried the improvement was coming at the expense of margins. HP shares jumped nearly 10 percent to $27.56 in afternoon trading, after at least one brokerage raised its rating on the PC maker's shares and another nine raised their price targets.
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