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February 22, 2012

HP’s Hardware Businesses Bomb as Profits, Revenue Fall

Hewlett-Packard reported a sharp drop in profits and revenues that missed Wall Street expectations in both categories, hurt by revenue decreases in its printer and PC businesses.

HP reported net earnings of $1.5 billion, down 44 percent from a year ago, on revenue of $30 billion, a decrease of 7 percent. HP earned 73 cents per share, far below the consensus estimate of 87 cents per share. Wall Street also expected revenue of $30.7 billion.

All of HP's business units involved in hardware declined in revenue: the Personal Systems Group (PSG), Imaging and Printing, and Enterprise Servers, Storage, and Networking. Conversely, HP's Services, Software, and Financial Services units all delivered revenue growth.

In October, HP CEO Meg Whitman said that the company was "stronger" for holding on to its PSG group, instead of spinning it off or selling it as former chief executive Leo Apotheker planned. But within PSG, its PC unit, revenue declined 15 percent year over year with a 5.2 percent operating margin, the sharpest revenue decline and the lowest margin of all of HP's business units.



January 17, 2012

Report: AMD Plans a Cheaper Answer to Intel’s Ultrabook

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Advanced Micro Devices seems prepared to offer its own "ultrabook" platform in June, according to a report.

AMD's Trinity platform is expected to be the foundation of a new line of "ultrathin" notebooks—essentially the same as an Intel ultrabook, but with AMD hardware. That report comes from DigiTimes, which also claimed that the ultrathin platform would be 10 to 20 percent less expensive than an ultrabook.

That, in turn, will mean that an AMD Trinity-based ultrathin would cost between $799 to $999, assuming that all other components in the bill of materials remain the same. DigiTimes did not indicate exactly how AMD would achieve that cost savings; AMD traditionally has been a generation behind Intel in terms of manufacturing technology, but has also been aggressive in terms of integration.

AMD representatives did not respond to requests for comment by press time.



January 11, 2012

Apple Makes Rare Hardware Acquisition With Israel-Based Anobit

Apple has officially confirmed its rumored purchase of Israeli flash storage technology company Anobit, Bloomberg haslearned.

Apple spokesman Steve Dowling confirmed the buy to Bloomberg, but would not give further details.

"Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans," Dowling said.

It's not out of the ordinary for Apple to complete an acquisition without making mention of it publically. In fact, Apple doesn't often discuss its acquisitions. Apple did not respond to questions about the purchase, and Anobit has not commented on the deal, either.

However, both parties were scooped last month when the Isreali prime minister congratulated Apple via Twitter.

"Welcome to Israel, Apple Inc. on your 1st acquisition here. I'm certain that you'll benefit from the fruit of Israeli knowledge," his office tweeted.