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HP: PCs On The Rebound, But Potential Barbs Waiting In The Wings

HPE, which sells a broad spectrum of enterprise IT solutions across servers, networking devices, and BI software is consistently losing to newer, cloud-first vendors.

Unit volumes were up 7%, with notebooks up 12% and desktops up 3%; and the rest of the revenue increase was due to an uptick in average selling price (NYSE: ASP ).

PC sales tend to spike when Microsoft (NASDAQ: MSFT ) releases a brand new version of its flagship operating system, which generally happened on a cadence of every 1-2 years.

The lack of a major OS revitalization, and no idea as to when the next one might occur, will put a damper on PC sales - especially HP, the largest OEM of Windows devices.

With its core businesses returning to growth (even Printing) after a long period of uncertainty, there's no reason the stock should bear this much of a discount to the market anymore.

READ MORE (Seeking Alpha)

  • Loop Capital Says Its Time To Buy Hewlett-Packard (NYSE:HPQ). Will Stock Hit ...BZ Weekly
  • Hewlett-Packard (NYSE:HPE) Reaching An Inflection Point; Loop Capital ...BZ Weekly
  • Hewlett Packard Enterprise Company (NYSE:HPE) Quarterly EPS AnalysisAppsforPCdaily
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  • Is Hewlett-Packard (NYSE:HPE) a Buy or a Sell? What Does Loop Capital Think?Weekly Register
  • After one of Tech's biggest break-ups, HP comes out on
  • HP beats expectations on sales with help from PC unitFinancial Times
  • Meg Whitman Stands By Statement She Won't Be Uber CEOWall Street Journal (subscription)
  • HP Inc profit beats estimates on higher PC salesBNN

This post first appeared on The 5th News, please read the originial post: here

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HP: PCs On The Rebound, But Potential Barbs Waiting In The Wings


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