Has The Chairman Stopped Ordering Ink? Hewlett Packard Plummets After Hours On Major Downward Guidance Revision

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Tue, 02/22/2011 - 18:09 | 986584 Cleanclog
Cleanclog's picture

Pretty good volume after report too.  Legit sell-off.

Tue, 02/22/2011 - 18:24 | 986634 NoBull1994
NoBull1994's picture

problem is that HPQ is a big roll-up.  lack of internal growth masked for a long time.  this is probably why hurd left.

Tue, 02/22/2011 - 18:54 | 986716 MrSteve
MrSteve's picture

Apple's Steve Jobs called it "that printer company". H&P makes more $$ in profit than Xerox makes in gross sales. H&P sells ink, DuPont makes the pigments, the real hidden gold mine in that biz.

With all that wonderful background, their miss is evidence for a large part of the ecomony not buying their stuff, which is "noteworthy"

Wed, 02/23/2011 - 13:13 | 988941 Hephasteus
Hephasteus's picture

HP supplies more enterprise hardware than dell and sun and almost as much as IBM does.

The computer industry is full of shit. No sales or very low sales and more fraud than enron, worldcom and AOL combined to the 4th power.

Tue, 02/22/2011 - 20:19 | 986936 bankrupt JPM bu...
bankrupt JPM buy silver's picture

just heard rumours that the cause for the miss was snow, hail and sleet, as they have never navigated through a winter before

 

www.silvergoldsilver.blogspot.com

Tue, 02/22/2011 - 21:32 | 987111 Cursive
Cursive's picture

@bankrupt JPM

snow, hail and sleet

Ha ha.  Forgot about that bullshit excuse.

Tue, 02/22/2011 - 18:10 | 986585 hugovanderbubble
hugovanderbubble's picture

Long Lexmark''' to benefit from Multiple QE worldwide....

 

Hyperinflation destroying wealth thx¡¡¡Bernanke¡

Tue, 02/22/2011 - 18:10 | 986588 Diplodicus Rex
Diplodicus Rex's picture

No,  no, no. Its a lot worse than that. Chairstain Bernanke has upgraded his PC to Windoze 7 and they haven't produced a driver for his legacy printer. He's going to need a workaround.

Tue, 02/22/2011 - 18:14 | 986599 buzzsaw99
buzzsaw99's picture

His HP laptop probably caught on fire. LMAO!

Tue, 02/22/2011 - 21:15 | 987057 Jerome Lester H...
Jerome Lester Horwitz's picture

Ha! Not if he has an HP DV6000. If he does it probably will not even fire up much less start on fire. I have one of these pieces of shit laptops. I had to take the damn thing apart to reflow the solder on the graphics chip to the motherboard. I have to use this laptop on a cooler all the time with the memery door off to keep the laptop cool enough to work without over heating which would cause the graphics chip to unseat again. I should probably sell this lemon but after going through this hassle to make it work again I think I'll hold on to it until it dies. I will NEVER buy another HP product as long as I live. This is a big problem for HP which they did not address properly. If this problem occurred after your warranty expired (like mine did) HP wanted to ding you $300.00 to install a new motherboard with the same defective chip which will eventually have the same problem. Luckily I am A+ certified so I fixed this POS myself. Google "HP DV6000 NVidia" to see how many people have had this problem. Thousands of people like me who will never buy HP again! 

Tue, 02/22/2011 - 23:09 | 987368 seek
seek's picture

Not exactly finance related, but you might want to check your serial number -- HP did a fairly broad recall on that series for both bad batteries and also motherboard failures. Also check and see if the Nvidia chip used is part of the Nvidia recall as well, time frame is about right.

Tue, 02/22/2011 - 18:10 | 986589 Bastiat
Bastiat's picture

The pig Fiorina destroyed that company.

Tue, 02/22/2011 - 18:17 | 986610 Misstrial
Misstrial's picture

Which is the main reason why Boxer was re-elected to another term.

A lot of Cali voters, including me, witnessed how Carly dismantled HP.

IIRC, Apple recently bought the former H-P campus off 280.

http://www.pcmag.com/article2/0,2817,2373497,00.asp

~Misstrial

Tue, 02/22/2011 - 18:37 | 986672 unununium
unununium's picture

+1 Genuine HP Cartridge

Tue, 02/22/2011 - 19:07 | 986746 Bastiat
Bastiat's picture

Yep, once a great company.  In the last year my wife and I have each been solicted to join separate class actions, one for a printer, the other for laptop. Another printer I had was "booby trapped" subject to a recall and we got it replaced with a new one, a tribute more to persistence and obnoxiousness of the customer than customer service by the company.  After Googling, I found out that printer was also being talked about for a class action.  Unbelievable!  Short term dirty tricks and cut corners coming home to roost--nice vision, there, Carly.

Used to be you bought HP and it was just solid. Still true of some of their printers, I think.

Tue, 02/22/2011 - 18:19 | 986612 winks
winks's picture

The "pig" has been gone for a number of years. Try blaming "Bush".

Tue, 02/22/2011 - 18:25 | 986636 topcallingtroll
topcallingtroll's picture

That darn Bush. Is he responsible for that too?

Tue, 02/22/2011 - 21:32 | 987109 penisouraus erecti
penisouraus erecti's picture

Of course. And thank God he came along or they'd still be blaming Reagan,

Tue, 02/22/2011 - 18:57 | 986728 Bastiat
Bastiat's picture

If you don't know, don't post.

Wed, 02/23/2011 - 14:07 | 988034 RKDS
RKDS's picture

Like you didn't blame Clinton for years and won't blame Obama a decade from now.

Tue, 02/22/2011 - 19:50 | 986871 Hulk
Hulk's picture

Looks like she didn't take any of that "Lucent Magic" with her to HP...

Tue, 02/22/2011 - 18:13 | 986594 Whizbang
Whizbang's picture

Well, the chart is dramatic enough, and certainly a 10% drop in 30 minutes is impressive. But if Momar really decides to torch the oil fields, the entire market, minus oil is going to dive.

Tue, 02/22/2011 - 18:13 | 986596 Careless Whisper
Careless Whisper's picture

i thought i was dysfunctional til' i looked at HPQ management.

 

Tue, 02/22/2011 - 18:13 | 986597 DoChenRollingBearing
DoChenRollingBearing's picture

Look out below.

Hide in cash and PMs.

Tue, 02/22/2011 - 18:39 | 986678 InconvenientCou...
InconvenientCounterParty's picture

Which takes more balls... being on the sideline in cash or being on the sidelines in PM's?

wait for it......  I rest my case.

Tue, 02/22/2011 - 18:15 | 986602 John Law Lives
John Law Lives's picture

Sell-side analysts are whores.  I have known plenty of them, and many don't have a scoop of morals.

Tue, 02/22/2011 - 18:19 | 986617 ExpendableOne
ExpendableOne's picture

Server virtualization is the new buzzword.  Companies buy fewer but larger machines to run all those pesky windoze applications on seperate virtual machines.  It's great for the customer but not so good for the people who used to sell lots of smaller windoze servers.  Also, Cisco recently started selling servers too which adds another major player to split a shrinking market.

It does not help matters that HP has long filled their consumer products with bloatware and crapware.  People who have the money to buy new equipment are being choosier now.

Tue, 02/22/2011 - 18:28 | 986644 Sancho Ponzi
Sancho Ponzi's picture

Well said, and NAS servers are replacing dedicated servers at branch offices.

+Juniper & Synology

-HP & Cisco 

Tue, 02/22/2011 - 18:40 | 986681 InconvenientCou...
InconvenientCounterParty's picture

"Currency virtualization" is a buzzword I'm familiar with.

Tue, 02/22/2011 - 18:23 | 986632 topcallingtroll
topcallingtroll's picture

I've never understood why an ink cartridge maker deserved its multiple anyway.

Tue, 02/22/2011 - 18:45 | 986691 Agent P
Agent P's picture

Are you saying ink cartridge makers should trade at less than a 40% discount to the market? 

Tue, 02/22/2011 - 18:26 | 986638 Diplodicus Rex
Diplodicus Rex's picture

Hey, I don't know what you lot are worried about anyway...

<a href="http://www.telegraph.co.uk/finance/economics/8341911/US-Treasury-Secreta...">The Obama administration has been heavily criticised for not tackling America's deficit this year, but Mr Geithner insisted that the country has more time than the UK and its European neighbours to take the necessary steps.</a>

Looks like your nice Mr Timmay has it all in hand.

I'm not sure about the "light touch" quote though. From where I'm sitting it looked like outright fraud to me.

 

Ok, so how do you embed a link? Whats the correct syntax?

Tue, 02/22/2011 - 18:49 | 986695 Argonaught
Argonaught's picture

I think your syntax is fine...anchor tag rendering on the page correctly?

Tue, 02/22/2011 - 18:54 | 986717 Diplodicus Rex
Diplodicus Rex's picture

"anchor tag rendering on the page correctly"

Apologies but how would one go about checking that particular issue? TIA

Tue, 02/22/2011 - 19:19 | 986785 Diplodicus Rex
Diplodicus Rex's picture

Aha, its not rendering the less than (<) sign or more than (>) sign correctly. US vs UK keyboard?

Tue, 02/22/2011 - 18:37 | 986664 AN0NYM0US
AN0NYM0US's picture

I hate HP - I hate their printers, I hate the rip off prices for their ink, I hate their crappy computers, I hate their intrusive effing software that screws up my computers and I dislike how they as a leader in facilitating outsourcing, have moved back offices from little towns across North America to low wage locations in Mumbai, Eastern Europe etc

 

 

 

 

Tue, 02/22/2011 - 18:36 | 986667 pragmatic hobo
pragmatic hobo's picture

more than likely the Chairman is ordering remanufactured ink cartridges as even he can't affor the price of color ink.

Tue, 02/22/2011 - 18:37 | 986673 AN0NYM0US
AN0NYM0US's picture

no ink required by the chairman he has gone virutal

Tue, 02/22/2011 - 18:36 | 986669 TooBearish
TooBearish's picture

And all the sellsiders continue to hike the 2011 EPS on what again?

I know!!! I know!!!...Margin compression and expanded multiples because of QE VIII !!!

Tue, 02/22/2011 - 18:48 | 986699 Rainman
Rainman's picture

....and don't forget the deliriously happy consumer anxious to spend more for less gas. 

Tue, 02/22/2011 - 18:52 | 986712 mule65
mule65's picture

Hmm, this may put a damper on the BTFD crowd.

Tue, 02/22/2011 - 18:59 | 986730 ebworthen
ebworthen's picture

 

If municipalities and states don't have money for employees they aren't exactly going to be buying a lot of new printers, computers, and network appliances.

 

Tue, 02/22/2011 - 18:59 | 986731 John McCloy
John McCloy's picture

Apple is destroying them no surprises there. The HP laptop I bought lasted me 4 months..complete misassembled low quality virus magnet.

Tue, 02/22/2011 - 21:28 | 987099 penisouraus erecti
penisouraus erecti's picture

Funny, as I walk through our data center.....I see no Apple products, but HP servers and SAN's out the wazoo...........

Wed, 02/23/2011 - 00:21 | 987563 ebworthen
ebworthen's picture

I hate to tell you, but Apple is taking over the University I work for...

Tue, 02/22/2011 - 19:07 | 986747 Milton Waddams
Milton Waddams's picture

Excuse me but The Ministry Of Perpetual Prosperity would like to remind you that demand for ink remains strong!

Between the Fort Worth, Texas and the Washington, DC Facilities approximately 9 tons of ink per day were used during FY 2010. http://moneyfactory.gov/uscurrency/annualproductionfigures.html

Tue, 02/22/2011 - 19:14 | 986767 GolfHatesMe
Tue, 02/22/2011 - 19:24 | 986804 strannick
strannick's picture

He creates it by fiat!

Tue, 02/22/2011 - 19:16 | 986771 SilverRhino
SilverRhino's picture

Let's do amazing .... dropoffs Bitchez!

Tue, 02/22/2011 - 19:23 | 986801 strannick
strannick's picture

'Has the Chairman stopped ordering ink?'

Pure -earmuffs-

effen

genius!!

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