• Most Popular
  • Most Shared

HP CFO sounds confident note, despite Dell woes

SAN FRANCISCO
Tue Sep 16, 2008 5:44pm EDT

Stocks

   

SAN FRANCISCO (Reuters) - Hewlett-Packard Co (HPQ.N) remains "very confident" it can hit its current quarter profit target, despite currency headwinds and on-going weakness in its printer business, a top executive said on Tuesday.

HP Chief Financial Officer Cathie Lesjak told the Bank of America annual investment conference in San Francisco that she was confident the diversified computer company could meet its operating margin targets of 5.0 percent to 5.5 percent in fiscal 2009.

(Reporting by Eric Auchard and David Lawsky, editing by Leslie Gevirtz)


More from Reuters

Photo

Treasury extends bailout program to October 2010

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner on Wednesday moved to extend the government's $700 billion bailout fund into October 2010 and pledged to deploy no more than $550 billion of it.

» More Top News
A pedestrian walks in lower Manhattan in New York, April 16, 2007. REUTERS/Eric Thayer
Analysis:

The boomer meltdown

The number of U.S. workers in their prime savings years peaks in 2010, affecting a key ratio that has impacted equities for 40 years. If history repeats itself, stocks are set for a funk.  Full Article 

Economy
Felix Salmon

The banking revolution?

A couple of firms you've probably never heard of have a few ideas that could revolutionize the broken consumer banking system, says Felix Salmon.  Full Article 

Felix Salmon