Hewlett-Packard at Morgan Stanley Technology Conference Transcript - Transcript - 2009/03/04 - Thomson StreetEvents

Report title: Hewlett-Packard at Morgan Stanley Technology Conference Transcript

from Thomson StreetEvents
18 page (11322 word) report published Mar 04, 2009

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Abstract:

Final Transcript of HPQ presentation, 4-Mar-09 12:00pm PT

Brief Excerpt:

... - Hewlett-Packard - Chairman, President, CEO Listen, Katie, I can simplify this for you. We basically guided that the rest of the year was Q1. So we are not advocating or forecasting any improvement in demand from what we saw in Q1. So think of netting all those factors you described, which I think are exactly right, of saying what we saw in Q1 is what we will see the rest of the year. And I would add that if we hit those demand models, we will do fine on the bottom line. So we felt that Q1 for us was just a quarter where what we saw was a linearity that was reasonable inside the quarter. But sometimes -- and sort of once you got to sort of mid-November, it was relatively linear; maybe a little weaker in January in the Enterprise, but the rest of it pretty linear. We just don't see a catalyst to change it the rest of the year. So our model is what we saw in Q1 is the rest of the year. I hope it is better, but that is not what our model is based on. ...

Report Type:

Transcript

Source:

Thomson StreetEvents

Company:

Hewlett-Packard

Ticker:

HPQ

Time:

12:00pm PT

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