Tuesday, November 18, 2008
Hewlett-Packard proves you can still make money
HPQ shares jumped more than they have any day since 2002, after CEO Mark Hurd announced a fourth quarter profit of $1.03 per share, three cents above Bloomberg's compiled estimate. H-P nonetheless will extend its holiday vacation for employees from one week to two to cut costs. The best analyst quote is the simplest: "Despite worries about an economic slowdown, the company can still grow earnings." So what's your excuse?
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