Techquity: HP is the best and fourth best, Google praised
Wednesday, June 12, 2013 - 03:08
Jun 12 - Hewlett-Packard rises again after positive comments from CEO Meg Whitman. The stock is one of the top performers in two indexes. Plus, Needham raises its price target on Google.
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One of our best of the rest today leading the pack. Meg Whitman hoping HP -- another 4% on the down day for tech overall. The Hewlett-Packard CEO telling CNBC the computer printing company could -- revenue growth in its next fiscal year which begins November 1. Analysts currently expecting a slight decline. Think in nothing new for this stock it's the best performer in the Dow Industrials -- -- -- thirteen by a country mile. It's 74% rise -- more than double the improvement for Boeing the second best performer. When we look at the S&P 500 overall HP is near the top ranks fourth in terms of price appreciation and when he thirteen. Trailing only best buy Netflix and -- pack. Haven't done that well but it's not more than 20% this year and set all time highs the stock receiving more praise for meet him today. Analysts -- like its acquisition of -- Israeli mapping company source told Reuters it paid just over a billion dollars for the app. Yeah I think the deal will boost Google Maps help improve hyper local search on mobile devices. They raised their price target on the stock to 1000 dollars from 900. Shares down slightly today near 875. A lot of tech companies angry that the US government for secrets or -- -- big players and finding for the C is a faction. The Wall Street Journal reports Amazon and I BM are going head over 600 million dollar contract to set up a cloud computing system that intelligence agency. Last month the government awarded Amazon with a contract. But I don't protest and the -- thinking would be chosen the Government Accountability Office last week recommended that the CIA reopen negotiations. Now the CIA has sixty days to choose between the two farms. Shares of Amazon down 1% today IBM stock also down 1% trading below its fifty day moving average. Another day another strong debut for enterprise software stock. This time it -- him on which designs and builds systems to help businesses monitor data traffic. -- California company made a profit of nearly eight million dollars last year. Shares priced at nineteen -- speech they risk is highest when he -- 42 at one point a 39 for thinking they're now down slightly from there. Last week we told you about the IPO of software maker extra which clearly fell 8% on day one series of come down from there. Sorting sputtering time our look at movers. First soaring as Agilysys the IT services providers fourth quarter net revenue increased 21%. -- by half thousand retail business shares up 7%. Sputtering if take two interactive. The video game makers that it's selling 250 million dollars worth of convertibles which could dilute the value of shares already on the market. Stocks down 6%. That's equity this Wednesday remember you can follow us on Twitter at our TRS equity. I'm Sharon writes and then it's right here.
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