Hewlett-Packard profit rises

SAN FRANCISCO (Reuters) - Hewlett-Packard Co (HPQ.N), the world's largest personal computer maker, on Monday reported a higher quarterly profit as notebook PC sales increased.

COMMENTS:

BRENT BRACELIN, ANALYST, PACIFIC CREST SECURITIES

"Great numbers, great quarter, but it doesn't matter. All that matters is the commentary around their business (on the conference call).

"This is a really, really tough tech tape, this stock has been one of the best performing stocks in the past two years. I can't explain the disconnect (between good earnings and stock's early fall) other than that people are very worried about spending on IT (information technology)."