Market Values: Profits Offset H.P.Âs Scandal, at Least So Far
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For investors, Hewlett-PackardÂs leak investigation is a nonissue, analysts say, unless it affects chief executive Mark V. Hurd.
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The stock is oversold and even the worst-case scenario doesn't look too bad.
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As the housing boom continues, housing stocks are reporting record earnings. Neither is sustainable.
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A familiar story: Earnings are up, but the stock is down. Is value piling up within the stock?
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Favorable earnings boost shares -- but are they too high already?
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Yesterday's market is today's money-making road map.
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H.P.âs first-quarter net income grew 38 percent to $2.1 billion, as revenue climbed 13 percent to $28.5 billion, beating the muted expectations of Wall Street analysts.
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The company has earned its nosebleed valuation.
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A doubling of earnings, but no jump in stock price?
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The company says its revenue is stabilizing. If so, a value stock is in the making.
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The Hewlett-Packard scandal revealed much about corporate spying. But boardrooms are still defining the ethical boundaries.
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Kellogg's results look good, but shares are selling for full price.
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Will the recent market volatility continue?
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Heading into the heart of earnings season next week the expected results look robust, but a slowing of future profit growth and the impact of surging oil prices on the economy could conspire to hold down stocks.
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(InfoWorld) - Although Hewlett-Packard's spying scandal has led to the resignation of four high-ranking officials and evoked comparisons in Congress to Watergate and fraud at Enron, it isn't likely to impede the company's long-term ability to compete, analysts and investors said. So far, these groups said, there has been scant evidence linking Mark Hurd to the legally questionable practice of pretexting, in which investigators probing news leaks impersonated board members and journalists in order to obtain their phone records. So long as Hurd is not shown to have approved or participated in those activities, HP is likely to emerge with its viability intact. "The problem has obviously been recognized and is being rectified, and with time the business will build back to normal," said Alex Vallecillo, a portfolio manager who follows technology stocks at Allegiant Asset Management. "We're all big boys and girls, and we understand what goes on in the corporate boardroom has no effect on the ability of [HP's] products and services to deliver value." Indeed, HP's shares gained 1.6 percent on Thursday, the same day Patricia Dunn, who was forced to resign as the company's chairman last week, was grilled before a hearing convened by the House Energy and Commerce Committee. Ten people involved with the investigation asserted their Fifth Amendment rights in declining to answer representatives' questions. Since Sept. 5, the day before the news of the scandal broke, HP shares have fallen 1.1 percent, compared with a 2.9 percent gain for the Nasdaq composite index and a 2.1 percent gain for the Dow Jones Industrial Average. Although the negative attention has been a distraction for HP, "that's a very short-term situation, which I expect to pass soon," said Sunil Reddy, senior portfolio manager at Fifth Third Asset Management. "All the cards are on the table right now; I'd be very surprised if anything new comes out." Analyst Rob Enderle of the Enderle Group, attending an event in New York where HP was showing off new PCs ahead of the Christmas shopping season, agreed. The corporate buyers he's talked to aren't likely to choose HP competitors as a result of the scandal, and he said he expected non-business customers to feel the same way. "It relates to behavior of folks the average consumer doesn't relate with and probably doesn't understand." That said, HP's investigative techniques have become the butt of plenty of jokes, Enderle said, in which business customers tell HP sales staff: "We're probably going to send this out to bid, but you probably already know that because you've been looking at my phone records."
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By Pete CareySTAFF  Congressional investigators are questioning Hewlett-Packard Chief Executive Mark Hurd's sale of stock options, worth $1.37 million, which occurred 15 days before the company's controversial boardroom leak investigation became public.
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Heading into the heart of earnings  season this week the expected results look robust, but a  slowing of future profit growth and the impact of surging oil  prices on the economy could conspire to hold down stocks.