Hewlett-Packard Co. HPQ -4.52% saw its shares fall more than 4% in after-hours trading on Monday after Bloomberg News ran a story citing a memo from CEO Leo Apotheker that warned of "another tough quarter" for the high-tech giant. A representative for H-P told MarketWatch the company would have no comment on the report. In the memo, Apotheker tells H-P executives to "watch every penny and minimize all hiring" and that the the company's existing headcount plans are "unaffordable given the pressures on our business," according to the Bloomberg account.
Not necessarily related but last weekend Kim Komando said that soon net books will be $150-$180 as they lose market share to pads.
http://www.komando.com/
Edited by Rogerdodger, 16 May 2011 - 07:52 PM.
