ADVFN - Advanced Financial Network.
HOME» NYSE » H » HPQ Stock Price » HPQ Stock News

Hewlett Packard Share News

 Hewlett-packard Stock Price
HPQ Stock Price
 Hewlett-packard Stock Chart
HPQ Stock Chart
 Hewlett-packard Stock News
HPQ Stock News
 Hewlett-packard Company Information
HPQ Company Information
 Hewlett-packard Stock Trades
HPQ Stock Trades

TECH STOCKS: Tech Stocks Slump In Broad Sector Retreat

By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- Technology stocks were bruised Thursday, with memory-chip maker Micron Technology Inc. and business-software firm Red Hat Inc. among the notable decliners as the sector followed the broad market to close in the red. Leading the losses were more fears about the economic situation in Europe and data that lent credence to the Federal Reserve's concerns about the shaky state of the U.S. economy. The performance of Micron and Red Hat underscores recent concerns over pricing in the memory-chip market, as well as the health of corporate information-technology spending. Micron (MU) shares fell 48 cents, or almost 8%, to close at $5.65 after the chip maker reported a loss, taking a hit from weak pricing for memory chips. Wedbush analyst Betsy Van Hees wrote that "in the near term, we think the stock will likely be rangebound until there is better visibility" on a number of factors. She cited supply-and-demand trends for NAND chips in the second half of the year, and the potential impact of the expected release of Ultrabook notebooks based on Microsoft Corp.'s (MSFT) Windows 8 software on the personal-computer market. However, she also maintained an outperform rating, citing Micron's comments on a stronger second half of the year. ThinkEquity's Suji De Silva also kept a buy rating on Micron, saying in a note: "We believe [Micron] is experiencing firming demand across DRAM, where supply is tightening due to competitor financial issues, and broader end-market demand is stabilizing." Separately, Red Hat (RHT) shares gave up $3.50, or more than 6%, to end the day at $53 after the software maker reported a weaker-than-expected outlook. Reacting to Red Hat's report, J.P. Morgan John DiFucci wrote: "We continue to remain cautious on global IT spending, especially in the coming months. That said, we believe the company continues to execute well against a weakening macro environment." Intel Corp. (INTC) and Hewlett-Packard Co. (HPQ) also closed in the red as two of the worst performers on the Dow Jones Industrial Average. (DJI) The blue-chip index fell 251 points, or almost 2%, to close at 12,573 as investors reacted to economic data, including the June Philadelphia Fed index which came in below consensus. The Nasdaq Composite Index (RIXF) gave up 71 points, or 2.4%, to close at 2,859, and the Philadelphia Semiconductor Index (SOX) was off by 4%. Declines also came from Seagate Technology (STX), Western Digital Corp. (WDC), Apple Inc. (AAPL) and Netflix Inc. (NFLX) Facebook Inc.(FB) was one of the few tech stocks to gain on the day, rising 24 cents a share to close at $31.84.

Stock News for Hewlett Packard (HPQ)
DateTimeHeadline
05/28/201517:23:24Statement of Changes in Beneficial Ownership (4)
05/28/201517:22:58Statement of Changes in Beneficial Ownership (4)
05/28/201516:18:02Specialized Disclosure Report (sd)
05/28/201512:06:033 Stocks to Watch in Servers
05/28/201508:20:42Avago to Buy Broadcom for $37 Billion
05/27/201518:05:21Statement of Changes in Beneficial Ownership (4)
05/27/201516:18:33Current Report Filing (8-k)
05/27/201510:42:025 Things Hewlett-Packard Company Management Wants You to Know
05/27/201508:00:00Aruba Networks Advances Mobile Collaboration for the Digital...
05/26/201518:10:03Hewlett-Packard Company May Cause "Big Headaches" for 3D Printing...
05/22/201517:55:31Crystal Ball: Send Us Your Guess for H-P's Stock Price
05/22/201515:07:28Hewlett-Packard Company Earnings: A Solid Quarter as Separation...
05/22/201514:04:105 Things Cisco Systems, Inc's Management Wants You to Know
05/21/201519:53:39H-P's Earnings Top Views Despite Revenue Drop--4th Update
05/21/201517:42:26H-P's Earnings Top Views Despite Revenue Drop--4th Update
05/21/201517:35:14H-P's Earnings Top Views Despite Revenue Drop--3rd Update
05/21/201517:22:35H-P's Earnings Top Views Despite Revenue Drop--2nd Update
05/21/201517:05:23H-P's Earnings Top Views Despite Revenue Drop--Update
05/21/201517:00:07H-P's Earnings Top Views Despite Revenue Drop
05/21/201516:55:58H-P's Earnings Top Views Despite Revenue Drop

Hewlett Packard and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad