Computer maker Hewlett-Packard released today a revenue forecast that predicts that the company will bring in notably less revenue in 2010 than analysts had estimated for the company. HP broke the news to analyst at a meeting in San Francisco, a revelation that has had already had a negative impact on the value of its stock.
 
Hewlett-Packard is expecting 2010 revenue to be anywhere from $117 billion to $118 billion, but a Bloomberg survey of analysts estimates placed expectations for the company at a revenue of $118 billion. CEO Mark Hurd is still confident, though, that his company will grow faster …read more

The recession has taken an especially severe toll on computer makers and other technology companies as their main customers, corporations, have had to cut back on technology spending. However, one computer company, Dell, has posted surprisingly strong second quarter results that hint at an imminent recovery in sales as more companies become able to upgrade their computers once again.
 
Today, Dell reported profits of $472 million, or 24 cents a share, compared to $616 million in profits last year, marking a 23 percent decline over the year. However, excluding the costs associated with putting its recovery mechanisms in place, Dell reported …read more