Hewlett-Packard Stories July 11, 2012

Gartner report shows PCs have peaked and may begin the long road to obscurity

We are starting to see the “Cars and Trucks” model unfold as PC sales are starting to slip dramatically.

Among the top 5 vendors in the U.S. PC market, all but Apple experienced a decline in shipments according to a Gartner report late this evening. This is not your average “Apple beat the PC industry every quarter for the past 5 years.” It is a dramatic fall. Apple pulled to within 500,000 units of Dell from double that a year ago.

A few notables: 

Hewlett-Packard Stories May 23, 2012

Goldman exec caught on tape dishing insider information about Apple

A Goldman Sachs executive apparently dabbled in a bit of insider trading when he allegedly discussed non-public information about Apple Inc., to a prominent hedge fund manager during a federal wiretap investigation.

David Loeb, who is head of Asia equity sales for Goldman Sachs Group Inc., in New York, was supposedly caught on a U.S. wiretap providing inside information on Apple Inc., Intel Corp., and Hewlett-Packard Co., to Raj Rajaratnam, the founder of Galleon Group, a New York-based hedge fund management firm. Rajaratnam is now serving an 11-year prison sentence for insider trading.

Today’s wiretap tidbit emerged after Gary Naftalis, a lawyer for Rajat Kumar Gupta, told a judge about the tapes’ existence. Gupta is an ex-Goldman Sachs director arrested in late 2011 by the FBI on insider trading charges derived from the Raj Rajaratnam Galleon Group case, and he is currently embroiled in an ongoing criminal trial. Gupta adamantly denies any misconduct.

According to Bloomberg (via Crain’s New York):

  • ‘He’s on a tape giving out information’ about those companies, Mr. Naftalis told U.S. District Judge Jed Rakoff outside the presence of the jury.
  • Mr. Naftalis told the judge that prosecutors were withholding exculpatory evidence he said could help his client.
  • […] Assistant U.S. Attorney Reed Brodsky told Judge Rakoff that Mr. Loeb “provided Intel, Apple and Hewlett Packard information to Mr. Rajaratnam.” It’s the first time the government has publicly named Mr. Loeb and confirmed that the U.S. has evidence that he gave information about Apple, Intel and Hewlett-Packard to Mr. Rajaratnam.
  • “There’s none that Mr. Loeb had access to material, nonpublic information about Goldman’s earnings,” Mr. Brodsky said.

Loeb has not been formally accused of any crime.

Hewlett-Packard Stories April 29, 2012

Barron’s: Apple could join Dow index, would have to split shares

A new report from business weekly Barron’s (via Reuters) claimed The Dow Jones Industrial Average stock index could potentially replace stocks from Alcoa, Bank of America, or Hewlett-Packard with Apple or Google. There’s no exact timeframe for the overhaul of the index, but Barron’s said adding the companies would be complicated due to the fact the Dow calculates the absolute price of shares. Reuters explained that getting Apple would require the company to split its shares:

Apple, whose shares on Friday closed at $603, would overwhelm the index with a 26 percent weighting. That is double the influence of current Dow component IBM, whose $207 stock price gives it a 12 percent weighting in the index, Barron’s said.

Barron’s said the heavy weighting that Apple would command at its current share price could prove a barrier to becoming a Dow component. To guarantee a Dow spot, Barron’s said, Apple would have to split its shares by five-for-one or 10-to-one. But Barron’s noted that Apple has not split its stock since 2005.

Hewlett-Packard Stories March 6, 2012

It is interesting how little Verizon has to provide, yet the splash page they put up today still screams “iPad!”.

Notably, the graphic image file name is:766x385_HP_pre_NO_optin.jpg but somehow we don’t think Verizon’s big surprise is the recently discontinued HP Pre.

Update: Now AT&T has their version up:

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Hewlett-Packard Stories February 13, 2012

Apple’s $46.33 billion dollar holiday quarter and the 73+ million shipped Macs and iOS devices are clear standouts in the newest NPD research note exposing Apple as the only brand to have grown sales in the all-important holiday quarter. The same cannot be said for rivals Hewlett-Packard, Samsung, Sony, and Dell, which all experienced missteps in holiday-quarter gadget sales. Five consumer electronics categories (PCs, TVs, tablets/e-readers, mobile phones and video game hardware) drove nearly 60 percent of all sales in 2011. Apple’s share of total revenue across these five important categories rose 36 percent year-over-year, according to NPD.

As a result, Macs, iPhones, iPods, iPads, Apple TVs and the company’s other consumer electronics gear accounted for 19 percent of all sales dollars. That is almost twice as much as No. 2 Hewlett-Packard. HP’s, Samsung’s, Sony’s and Dell’s sales dipped 3 percent, 6 percent, 21 percent, and 17 percent, respectively. Apple Retail was No. 3 in terms of revenue, right after No. 1 Best Buy and second-ranked Walmart. Staples and Amazon tied for fourth place to round out the top five—a repeat of 2010.

By the way, did you notice which two consumer electronics categories lack a dedicated Apple offering?

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Hewlett-Packard Stories February 7, 2012

Research firm Gartner just released its estimates for PC shipments in the Western Europe region during the holiday quarter, and only Apple and Asus made any meaningful progress, with Apple recording the strongest gains in France and the United Kingdom.

While the Mac maker remained absent from the Top 5 rankings in Western Europe and Germany, it was a sole first-tier PC brand to grow sales in the United Kingdom during the holiday quarter. Specifically, Apple’s Mac business in the country grew 17.2 percent, enough to rank fourth with a 9.1 percent market share.

Everyone else’s business shrunk: Hewlett-Packard (No. 1) was down 27 percent, Dell (No. 4) declined by a whopping 32.2-percent, Toshiba (No. 3) fell 5.4-percent and Acer (No. 5) was by far the biggest loser with a 62.4-percent year-over-year decline. The same story is in France where Apple placed No. 5 by growing 15.3-percent for an 8.2-percent market share. Only Asus (No. 2) grew slightly faster than Apple at 17.4-percent, while shipments of PC desktops and notebooks from HP, Acer, and Dell plummeted.

If you include the iPad, Apple easily beats its rivals to the PC punch across the board.

More notes and charts are after the break.

Shipments of notebook and desktop PCs in the United Kingdom. Source: Gartner, February 2012

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