Hewlett-Packard’s (HPQ) year-over-over year revenue has fallen the past 10 quarters, but the pace of that decline has fallen for the past three. That positive trend is expected to continue when the company reports its fiscal Q2 earnings after the market close Thursday. Revenue is expected to decline just 0.6% to $27.41 billion. That’s compared with a 1% decline in Q1, 3% fall in Q4, 8% in Q3 and 10% in Q2 a year ago. The company’s earnings have
AT&T, Hewlett-Packard (HPQ), EMC (EMC), Cisco Systems and IBM loom as possible buyers of Rackspace Hosting (RAX), whose stock jumped late Thursday after the company said it had hired Morgan Stanley to explore strategic options, including a sale or partnership. Rackspace’s stock rose 14% before the market open in the stock market today. Shares in Rackspace popped 7% on Thursday — mostly on last-minute spike — after Bloomberg reported that Rackspace
Hewlett-Packard stock popped higher Tuesday on a bullish analyst report that made a case for improved profitability at the information-technology company. Pacific Crest Securities analyst Brent Bracelin upgraded Hewlett-Packard (HPQ) stock to outperform from sector perform and set a price target of 37. HP stock was up nearly 2.5%, near 33, in midday trading in the stock market today. “We are upgrading HPQ to outperform based on increased