Hewlett-Packard Co.'s latest quarterly numbers show that corporate spending on technology -- particularly computer servers -- is picking up. The company's CEO, Mark Hurd, talked with analysts about the reasons for HP's higher 2010 guidance and his thoughts on whether corporate technology spending is improving overall.
QUESTION: How are you thinking about overall IT spending, and how HP is performing against your expectations a quarter ago?
ANSWER: We are probably not going to declare as definitive the point as you'd like. I think that our view in the quarter was that we saw an improving Asia. We saw an improving U.S. again. We saw a mixed story in Europe. I could tell you stories in Europe that were a little better in terms of markets, and markets that actually showed some rebound, and some that looked stagnant to us. So I think for us to really look at the world as having a robust (information technology) environment, whatever that might be, we would like to see Europe on a little more broad-based trajectory than what we have seen today.
Source : http://www.businessweek.com/ap/financialnews/D9DU9CGG0.htm
QUESTION: How are you thinking about overall IT spending, and how HP is performing against your expectations a quarter ago?
ANSWER: We are probably not going to declare as definitive the point as you'd like. I think that our view in the quarter was that we saw an improving Asia. We saw an improving U.S. again. We saw a mixed story in Europe. I could tell you stories in Europe that were a little better in terms of markets, and markets that actually showed some rebound, and some that looked stagnant to us. So I think for us to really look at the world as having a robust (information technology) environment, whatever that might be, we would like to see Europe on a little more broad-based trajectory than what we have seen today.
Source : http://www.businessweek.com/ap/financialnews/D9DU9CGG0.htm
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