Corporate demand cheers Dell, HP
Dell Inc and Hewlett-Packard Co dismissed worries about weakening technology demand, reporting broad-based strength from corporate customers and only hints of weakness from consumers.india Updated: Aug 20, 2010 23:30 IST
Dell Inc and Hewlett-Packard Co dismissed worries about weakening technology demand, reporting broad-based strength from corporate customers and only hints of weakness from consumers.
Both faced questions on Thursday about the strength of the recovery in spending on technology, after Cisco Systems Inc
HP names headhunter
HP named an executive headhunting firm on Wednesday to lead the search for a new CEO.
HP's former CEO Mark Hurd had stunned Wall Street by resigning two weeks ago over expense account inaccuracies linked to a female marketing contractor.
The company said it will consider both internal and external candidates. HP is "looking forward, not back," said interim chief Cathie Lesjak.
Analysts said fears persisted about the strength of any recovery in consumer spending, as growth moderates in Europe and China as well as in the United States.
But executives from the two largest US personal computer makers waved off such fears.
"We saw better-than-normal quarterly seasonality, as well as good balanced performance across all of our three regions," said Cathie Lesjak, HP's interim chief executive.
Stephen Schuckenbrock, president of Dell's large enterprise segment, also said quarterly results for his group were "closer to pre-recession demand levels." Dell Inc reported its net income had improved 16 per cent in the fiscal second quarter as businesses replaced aging technology.