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Massive layoffs for HP, Tesla is on fire and GameStop powers up
Yahoo Finance ^ | May 23 ,2014 | Staff

Posted on 05/23/2014 12:29:58 PM PDT by Hojczyk

The most newsworthy aspect of the report was that another 11 to 16,000 HP workers are going to lose their jobs. That will bring the total layoffs to about 50,000 during this most recent HP restructure as the company struggles to move from hardware into services. Since the company was removed from the Dow Jones Industrial Average last September it's up 50%, outperforming the new Dow by more than five-fold.

Hewlett Packard (HPQ) is up nearly 6% today after releasing its earnings report early yesterday afternoon... as in 30 minutes early and during market hours. Despite the snafu earnings were more or less in line in terms of earnings and revenues.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy
KEYWORDS:

1 posted on 05/23/2014 12:29:58 PM PDT by Hojczyk
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To: Hojczyk

The great Obama recovery…..


2 posted on 05/23/2014 12:30:53 PM PDT by Hojczyk
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To: Hojczyk

Tesla is on fire?.............again?................


3 posted on 05/23/2014 12:35:28 PM PDT by Red Badger (Soon there will be another American Civil War. Will make the first one seem like a Tea Party........)
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To: Hojczyk

0bama is as economically illiterate as a ground squirrel, but in fairness, I think HP has been sick and mismanaged for a long time.


4 posted on 05/23/2014 12:35:40 PM PDT by Hardastarboard (Please excuse the potholes in this tagline. Social programs have to take priority in our funding.)
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To: Hardastarboard

Ever since Bill and Dave left....


5 posted on 05/23/2014 12:38:25 PM PDT by illiac (If we don't change directions soon, we'll get where we're going)
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To: Hojczyk

High tech is boosting earnings by terminations.
IBM, Intel, Broadcom, Avago are all doing the same thing.

Cisco’s CEO was quoted that a shakeup is coming and IBM and HP might be the targets.


6 posted on 05/23/2014 12:41:46 PM PDT by Zathras
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To: Hojczyk

Who is the CEO of HP?


7 posted on 05/23/2014 12:41:50 PM PDT by Cowboy Bob (They are called "Liberals" because the word "parasite" was already taken.)
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To: Hojczyk

Hmmm..HP is launching a $100 Android Jelly Bean 7” tablet with decent if not great specs.

Quad core ARM Cortex-A7 processor, 1GB of RAM, 8 gigs of internal storage and expandability via a microSD slot. You also get a 1024 x 600 IPS display, low-res front and rear-facing cameras, WiFi and 25 gigs of lifetime cloud storage.

$99.99 with free shipping on Amazon. I might just go for it.


8 posted on 05/23/2014 12:46:10 PM PDT by prisoner6 (Register COMMIES not GUNS!)
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To: Hojczyk
another 11 to 16,000 HP workers are going to lose their jobs

More people have more time to post on FR.

9 posted on 05/23/2014 1:03:39 PM PDT by Zuben Elgenubi (NOPe to GOPe)
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To: Zuben Elgenubi
another 11 to 16,000 HP workers are going to lose their jobs

It's the "H-P Way, Rebooted."

10 posted on 05/23/2014 1:41:21 PM PDT by Steely Tom (How do you feel about robbing Peter's robot?)
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To: Hojczyk

What are we up to now? 4 years of funemployment in the Obamaconomy? These HP guys are gonna have so much fun and get to spend time with their families like never before. AND, with mandated Obamacare they can be musicians and artists and not have to worry about having a job.


11 posted on 05/23/2014 1:42:57 PM PDT by Organic Panic
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To: prisoner6

I bought an HP tablet a few years ago as soon as it became available. it was hyped as the next big thing.

HP discontinued the entire product line one month after it went on the market.


12 posted on 05/23/2014 1:54:17 PM PDT by ClearCase_guy (Fegelein! Fegelein! Fegelein!)
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To: ClearCase_guy

Yup...I remember that ...it sucked. They sold them off cheap. Still sucked. The specs on this one, for the price, isn’t bad. BUT they are moving to service instead of hardware and release a tablet that isn’t bad for the price.

odd


13 posted on 05/23/2014 2:04:56 PM PDT by prisoner6 (Register COMMIES not GUNS!)
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To: Hojczyk
Next up is Tesla (TSLA), it's up more than 5% on the week, one of many recently battered momentum names putting in a reversal over the last five days. The headline catalyst in this case involves word that Panasonic is bidding to be Tesla's sole battery partner in the so-called Gigafactory. Shares of Tesla are up 37% for the year.

Interesting, Panasonic makes terrific car batteries but not available in the US. My car built in JAPAN had the original Panasonic for over 7 years and 90K miles.

14 posted on 05/23/2014 2:43:57 PM PDT by 11th Commandment ("THOSE WHO TIRE LOSE")
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To: Cowboy Bob

Meg Whitman


15 posted on 05/23/2014 3:09:26 PM PDT by jeannineinsd
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To: Hojczyk

HP has now laid off more people than they’ve hired. I thought it was an impossible feat but HP has apparently found a way to do it.


16 posted on 05/23/2014 3:19:39 PM PDT by SamAdams76
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To: prisoner6

Get HP’s new 7 Plus Android tablet for $84.99

http://www.cnet.com/news/get-hps-new-7-plus-android-tablet-for-84-99/


17 posted on 05/23/2014 3:25:43 PM PDT by Lurkina.n.Learnin
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To: Hojczyk
GameStop has some secular issues from competition and downloads but they're still a decent company.

That's like saying a buggy manufacturer has some secular issues with competition from car makes, but is still a decent company.

18 posted on 05/23/2014 3:37:46 PM PDT by MrShoop
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To: Hojczyk

Too many short-term knee-jerk decisions to keep stock holders happy.


19 posted on 05/23/2014 4:00:35 PM PDT by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: Lurkina.n.Learnin

Whoa...thanks! Beats my Pandigital Supernova and Entourage Edge!


20 posted on 05/23/2014 4:34:16 PM PDT by prisoner6 (Register COMMIES not GUNS!)
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To: Hojczyk

tesla on fire.... wonder if the pun was intended. probably not.


21 posted on 05/23/2014 5:40:06 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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