Thursday, April 16, 2009

HP: Bragging rights doesn't equal profits

Given the margins on computer sales, and the fact that IBM left the laptop market to a very low cost OEM, is being at the top of this market a bug or a feature?

If only they would spin off the low margin computers, and focus on sustainable margins in Print, I could add them to the IRA. I always liked toner better than computers.

H-P Dethrones Dell for Top Sales Spot in U.S. Market - "SAN FRANCISCO -- Hewlett-Packard Inc. overtook Dell Inc. as the leading U.S. computer seller during the first three months of 2009, two market trackers said Wednesday.

Meanwhile, PC sales in the U.S. and worldwide during the same time frame were slightly better than expected, which builds on new optimism about an industry turnaround this year.

Hewlett-Packard grabbed bragging rights from Dell because of surprisingly strong sales to U.S. consumers, and Dell's inability to take ..."

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