PC maker Hewlett-Packard Co. Willpower
account its dividend Tuesday, and analysts by the side of UBS Securities don’t
expect them to come about very talented.
UBS analysts Steven Milunovich and Peter
Christiansen thought they expect the company to account fiscal 2013 dividend of
US$3.40, which is underneath the be more or less US$3.50 analysts are
expecting. Their bearish outlook led the two analysts to cut back their
12-month worth target on HP to $12.75 on Wednesday, from an earlier target of
$14.
The brace thought the company, which has
suffered from falling PC sales in the sphere of the carry on only some years,
continues to succumb to ongoing “secular pressures.”
Folks secular pressures refer to the
ongoing trend of waning PC sales in the same way as medicine devour away by the
side of the marketplace share of desktop and laptop computers. That’s occurring
in the same way as rival PC maker Apple in addition continues to get
marketplace share with its Mac products, in the same way as well in the same way
as its own medicine.
Mr. Milunovich and Mr. Christiansen don’t
get the drift HP decision a cure-all meant for with the aim of anytime soon.
“We expect HP
to stand in front of pressures in the sphere of PCs rising from tablet
cannibalization, a tepid Windows 8 uptake, softening IT budgets, and aggressive
industry competition,” the brace wrote in the sphere of a seek record. “Secular
declines in the sphere of printing may well startle despite the impressive
fresh artifact refresh.”
Weakness in the sphere of HP’s printing
commerce would come about a startle, prearranged with the aim of the company
has seen convincing growth near in the sphere of fresh years. But Mr.
Milunovich and Mr. Christiansen thought with the aim of basic indications from
rival rule put it to somebody near may well a decline in the sphere of ink jet
and even laser-based printing food and device sales.
The brace perform get the drift a solution
to HP’s secular woes, however. In the sphere of their seek record, Mr.
Milunovich and Mr. Christiansen reiterated a call they made carry on month
urging HP to break up its commerce into two segments. They mention HP separate
its printers and individual computers division from the division with the aim
of sells products to businesses and be them two separate companies.
Mr. Milunovich and Mr. Christiansen believe
HP’s stockpile would come about worth added than US$20 a share if with the aim
of were to occur. In the same way as of Wednesday afternoon, HP’s stockpile was
trading by the side of US$13.19, a get of 5¢, or else 0.38% on the sunlight
hours.
没有评论:
发表评论