In an article on Investor Place, Louis Navellier talked about the upcoming split in Hewlett-Packard Company (NYSE:HPQ) after which, the company will be divided into two separate units: One for PC and one for printer business. Hewlett-Packard Company (NYSE:HPQ) Q4 results were also not impressive. The revenue declined by 2% and came down to $28.41 billion. The company makes around $112 billion in sales. But the profits and margins are suffering since years because of the depletion in sales of conventional PCs as more and more people are going towards tablets and mobiles. Net income for Q4 came down to $1.31 billion from $1.44 billion as recorded in the previous year.
Hewlett-Packard Company (NYSE:HPQ) has made several impressive announcements for 2015. The company is rolling out its two new servers from Integrity line which will be 4 times faster than x86 platforms, 20 times more reliable, 32% less costly than Unix systems. Hewlett-Packard Company (NYSE:HPQ) is also signing major deals in the Cloud platform to revamp its business strategy and launch new solutions that could give customization options for the industry.
Hewlett-Packard Company (NYSE:HPQ) 3Par StoreServ is another storage hardware device launched by Hewlett-Packard Company (NYSE:HPQ) which has a massive capacity of 3.5 petabytes and can store data in the form of objects, can block files and users have the full control over data block ownership rights. The company has launched this device as a breakthrough in NAND Flash technology.
Navellier talked about many ratings for Hewlett-Packard Company (NYSE:HPQ) in the market and said that it is a Buy as of now because of its strong product curve.
Ralph V. Whitworth is one of the shareholders of Hewlett-Packard Company (NYSE:HPQ), having around 28 million shares of the company