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Hewlett-Packard


Hewlett-Packard is a publicly traded company having a good stock performance result. Hewlett-Packard is a fortune 500 stock listed company trading under HPQ.
 
Hewlett-Packard is known for product innovation. HP provides enterprise and consumer customers a full range of high-tech equipment, including personal computers, servers, storage devices, printers, and networking equipment. Its software portfolio includes operating systems, print management tools, and open view, a suite that encompasses application, business, network infrastructure, and product lifecycle management. HP also boasts an IT service organization that is among the worlds largest.

The net revenue goes to 22.7 billion dollars, with 6 percent year-over-year, or 8 percent in constant currency. Cash flow from operations of 1.8 billion dollars. On Feb. 15, 2006 HP today reported financial results for its first fiscal quarter ended Jan. 31, 2006, with net revenue of 22.7 billion

The inventory ended the quarter at 6.7 billion dollars, down 146 million dollars sequentially and down 389 million dollars year-over-year. Accounts receivable decreased 1.2 billion dollars sequentially and increased 14 million dollars over the prior-year period to 8.7 billiondollars .During the quarter, HP entered into a 1.7 billion dollars  prepaid forward variable share repurchase program with a third-party investment bank to limit HP's exposure to share price volatility for repurchases made under the program during an approximate one-year period. 

 In addition, the board of directors of HP has authorized an additional 4 billion dollars for future repurchases of its outstanding shares of common stock. The company intends to offset dilution from the issuance of shares under employee benefit plans, as well as to use the authorization to repurchase shares opportunistically. HP exited the quarter with 12.0 billion dollars in gross cash which includes cash and cash equivalents of 11.9 billion dollars and short- and certain long-term investments of 30 million dollars.

HP estimates full year FY06 revenue will be in the range of 90.0 billion dollars to 91.0 billion dollars. Full year FY06 diluted earnings per share estimates exclude after-tax costs of approximately 0.18 dollars per share, related primarily to the amortization of purchased intangible assets. Full year FY06 diluted earnings per share includes 0.13 dollars of stock-based compensation expense.
 
 
 
 
 
 
 

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