HP Photosmart is one of the ultramodern printing solutions presented by the world’s largest technology company. All its versions carry modern specifications including wireless printing, scanning, copying, etc.
While printing business plays an important role in galvanizing HP’s market value, some of its engineering designs are the star performers. HP Photosmart is, surely, one of them.
Overall, printing wing’s sturdiness can be gauged from the fact that it is going to prop up sagging personal computing unit in near future.
Will the merger of PC and printing businesses pave the way for pushing up revenue that is showing downward trend and slid seven per cent in the first quarter? Actually, reports are swirling in the media about such a happening. Sources privy to the developments told Reuters of forthcoming unification of the two units. The reorganization will take place soon, they said.
Combined revenue of these two wings stood at $65.35 billion last fiscal year. Comparing total market value of Hewlett Packard (NYSE: HPQ) of over $70 billion, the revenue is not small. Individually, printing accounts for 40 per cent of total value.
Nothing is permanent when it comes to profit making/revenue generating strategy. It was the same HP that sounded determined about its plan of selling or spinning off its PC arm because of its underperformance. As the leadership changed hands from Leo Apotheker to Meg Whitman, the plan was shelved and as a matter of fact ‘personal systems group’ assumed an important role in overall strategy.
“Meg Whitman is moving quickly to institute changes, e.g., fewer silos, greater emphasis on R&D, more conservative expectations,” said ISI group analyst Brian Marshall.
“Last week, we meet with the head of HP Labs and were impressed with the new organizational focus/direction put in place by CEO Whitman.”
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