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back to article HP takes a big profit haircut, too

This is taking "industry standard" a little too far perhaps. Dell's revenues got a haircut and its profits swooned in its most recent quarter, and Hewlett-Packard followed suit in its second fiscal quarter with profits falling a lot faster than its revenues dropped. The difference, of course, is that HP is a considerably larger …

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  1. Anonymous Coward
    Anonymous Coward

    huh?

    "People with real incomes (meaning they don't have as much disposable income as your average IT vendor executive) are forgoing a PC upgrade to get a tablet."

    iPad = $500

    new PC base unit = $250

    You obviously use the same maths that has served HP so well in the last few years....

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    1. Phil O'Sophical Silver badge
      Reply Icon
      FAIL

      Re: huh?

      So anyone with less than $750 burning a hole in their pocket has to choose, and more are choosing a tablet instead of a PC upgrade.

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    2. Anonymous Coward
      Reply Icon
      Anonymous Coward

      Re: huh?

      What half way decent PC can you buy for $250? Some massive, completely stripped down desktop maybe.

      Everyone already has a perfectly decent laptop or PC, they have no need to upgrade for better specs because they are not using the current specs. Many people are forgoing a PC upgrade for a tablet, generally an iPad. They are not completely leaving the PC, but they already have a PC and there is no need for a new version of the same thing.

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  2. Anonymous Coward
    Anonymous Coward

    tried to get a customer a server lately ?

    no wonder sales are down. The multiple PHBs in the permission with-holder queue is so long a purchase takes months to get approved. In the full USA management tradition PHB numbers s are never reduced, just the techs trying to do HPs services business. should have kept Hurd and saved the Orakle stress.

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  3. Idiot Employee
    Unhappy

    What a surprise...

    Spends the last 6 months analysing the business and then, just like all the others, follows page 1 in the 'CEO 101' instruction manual and gets rid of 27,000 people.

    Some of us deluded HP employees actually thought that just maybe she was different. How stupid can you get?

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    1. Anonymous Coward
      Reply Icon
      Anonymous Coward

      Re: What a surprise...

      Well maybe you live in the USA where 50% of those who vote never got a decent education that would have allowed them to see through the dogma, discrimination, hate, religious hypocrisy and one sided support and policy making for the 1%, that is the core of the GOP/Republican party and their tea party hyenas.

      Meg was a GOP candidate in CA so what else did you expect? You will get more of this if Romney does win, <enter your favourite deity> forbid. If the Reps get in with this current batch of scum and froth then it will be time for the rest of the world to sever diplomatic relations to that once past nation of hope and freedom.

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  4. Anonymous Coward
    Anonymous Coward

    dreadful

    No wonder Facebook is valued at twice HP with profits etc. like this.

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  7. Wensleydale Cheese

    What about all those cash back offers HP were doing last year?

    100 USD / GBP off HP Microservers (nice piece of kit at the price), and my local retail outlets were offering cash back on a variety of HP PCs,

    I even found a couple of HP Xeon servers for the price of one.

    Excess stock or price war? Dunno, but the profit margins were bound to be affected.

    The very nature of cash back means that turnover may increase, but profit will go down. Yes, in the UK at least, that cash back came in the form of a cheque from HP.

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