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
11/20/201417:23:05TECH STOCKS: Apple Leads The Tech Sector Higher
11/20/201412:50:45TECH STOCKS: Apple Gains Help Tech Sector Rise
10/23/201408:38:23Five HP Executives Sell $12.3 Million in Stock -- Barron's
10/15/201411:04:00TECH STOCKS: Intel, Netflix In The Red As Tech Stocks Retreat
10/15/201409:51:04U.S. Hot Stocks: Hot Stocks to Watch
10/09/201417:39:30Symantec Plans to Split Security, Data Businesses--2nd Update
10/08/201417:03:23TECH STOCKS: Tech Stocks Turn It Around And Record Big Gains
10/08/201411:21:51TECH STOCKS: Tech Stocks Turn Lower In Morning Trade
10/08/201410:58:39Elliott Management Urges EMC to Spin Off VMware--Update
10/07/201410:38:24TECH STOCKS: Yahoo, H-P Decline As Tech Stocks Fall
10/06/201420:14:31Hewlett-Packard: Will Slimmer Make Stronger?
10/06/201418:38:06MARKET SNAPSHOT: U.S. Stocks End Volatile Session Lower
10/06/201418:26:58MARKET SNAPSHOT: U.S. Stocks Turn Negative; Small-caps Sell Off
10/06/201418:20:07MARKET SNAPSHOT: U.S. Stocks Rise; New Labor Data In Focus
10/06/201413:50:51MARKET SNAPSHOT: U.S. Stocks: Futures Rise, With New Labor Data...
10/01/201420:09:29HealthCare.gov Delays Web Host Switch -- Update
10/01/201417:50:36HealthCare.gov Delays Web Host Switch
09/24/201411:26:11TECH STOCKS: GoPro Rises As Tech Sector Edges Higher
09/22/201411:07:07TECH STOCKS: IPhone 6 Sales Help Apple Sidestep Broad Tech Losses
09/18/201418:44:45TECH STOCKS: Apple, Amazon Lead Broad Tech Gains

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