By: Chris Preimesberger, eWeek
Aug. 18, 2011 may well turn out to be a pivotal day in the 72-year history of Hewlett-Packard Co., the world’s largest IT provider. The day boiled down to simple subtraction and addition—and not just in reference to the 2011 third-quarter financial report it delivered, which was the most dire one in recent years. A clear indicator is this: The stock closed Aug. 18 at $29.51 on the New York Stock Exchange, an all-time low in most valuation metrics for the company, because it’s trading at only about six times earnings.
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