HP board gives Leo $10bn more funny money
The board of directors at IT giant Hewlett-Packard think that HP's stock is undervalued and that the company needs to bolster the earnings per share that the company will report in future quarters. Thus the board has given CEO Leo Apotheker an additional $10bn in funny money to send in truckloads encrypted packets down to Wall …
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Invest in technology
HP should start reinvesting in technology or buying key companies. Logmein seems to fit perfectly with their PC business and is a must have for their fledgling tablet entry...might be too late by the time it is available.
Simon Says No
just a crazy IT person who knows something that would help HP get into the sw game.....and yes i have 500 shares....wishing I had 5000
WTF?
"The share repurchases were also designed to counteract the dilution caused by shares issued under employee stock plans "
Disingenous in the extreme.
I don''t know any HP staff who have bought Shares under the new Employee Stock Plan - it was a pathetic 5% discount.
Ah, hang on, I do know a few "employees" who have bought "Shares", here they are:
http://finance.yahoo.com/q/it?s=HPQ
:-))
$10bn?
So, that would be 1.5 Sun Microsystems then? Or 50 of Larry's yatchs. Or 270-odd Hurd payoffs.
Re: $10bn?
Actually, it is more like 1.8 Sun Microsystems, net of cash.
2 Suns
With the cash at Sun it only cost 5B. Was it HP that said no to Larry about taking the hardware business? Is Mark a genius or stupid lucky?
RE: Re: $10bn?
Maybe I missed it, but do we have a standard Reg unit of corprorate excess/stupidity? Counting in Larrys where one Larry = 1 Ellison yatch @ $200m-a-pop might give too many large numbers of Larrys (and the idea of multiple Larrys would probably make most readers' skins crawl!).
/Discuss.
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