Hewlett Packard is scheduled to report its quarterly results this week. The following is a summary of key developments and analyst opinion and commentary related to the period.HP, the biggest personal computer maker, is expected to post solid results in its fiscal first quarter despite a dismal PC market. HP's stock has taken a hit on fears that the company's exposure to the hardware sector, which has had a grim few months as companies curbed spending, will drag down its results.
The PC market in the October-December period was the worst in six years, according to market research firm IDC. Global PC shipments in the quarter fell for the first time since 2002, and a recovery isn't expected until 2010.
But HP has some protection from the economic turbulence. The company's printer and ink business, which contributes about half its operating profit, appears to be faring well. Companies are putting off buying new printers, but analysts say demand for HP-branded ink appears strong. One reason, analysts say, is generic ink-cartridge makers often need several months before they're able to make parts that work with HP's newest printers.
Source: Associated Press
Key words: HP, Q1 results, inks
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