Jim Goldman, the CNBC’s Silicon Valley Chief, who was reporting adhering the earnings, said H-P saw strength in all of its major business units; imaging and printing improved, too. This is a joint concern that’s doing very well, he said.
For a breakout of some stocks from a recent “Fast Money” TV show, check out Dan Fitzpatrick’s “3 Stocks I Saw in c~tinuance TV.”
3 Stocks I Saw on TV
Pete Najarian said H-P is a assembly that’s executing and doing a phenomenal job. And this time it’s not righteous riding on the IBM(IBM) coattails. He noted that H-P mentioned being adroit to hedge itself against euro currency exposure.
Karen Finerman has bought more HPQ. She says that it is ridiculously cheap right now.
Lee checked back in with CNBC’s Silicon Valley Chief Jim Goldman again later in the pretence.
Goldman said that H-P executives said that their attraction to PALM’s(PALM) webOS is not exact about smart phones. It’s broadly strategic, given that it can appear on a variety of new smart devices, like tablets, as antidote to example. Jim pointed out that H-P probably won’t have ~ing able to apply webOS on a new round of products to the time when it closes the PALM deal first, which would probably take a year to thorough.
He also said that H-P really wanted PALM — the recent had received offers, but none as serious as H-P’s.
Despite the whole of this, executives said, however, that Microsoft(MSFT) still remains a excessively important partner.
On the Europe front, the company sees the requisition picture improving broadly across all of H-P’s products.
Goldman also said that news from H-P is also good for inflated-cap tech stocks like Intel(INTC), Cisco(CSCO) and Microsoft.
During the point out, Lee brought up how major credit card names could be vain by proposed financial regulation bills that could result in the Fed Reserve’s efficiency to supervise fees for each swipe and allow retailers to decide up~ minimum purchase amounts.
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