Tag Archives: hpq

HP "Moonshot" Servers Seen Gaining Data Center Share

Hewlett-Packard’s (HPQ) “Moonshot” server technology is gaining traction in the “hyperscale” data-center market as Internet companies ramp up spending on cloud-computing infrastructure, says Morgan Stanley in a research report. Google (GOOGL), Facebook (FB), Amazon.com (AMZN), Tencent and Baidu (BIDU) are among companies building their own data centers, packed with flexible servers designed to scale up in volume as computing needs grow. Dell is

Lenovo solidifies grip on PC market

China-based Lenovo extended its lead in the personal computer field in the first quarter, growing at a double-digit pace while the overall market declined. Lenovo shipped nearly 13 million PCs in Q1, up 10.5% from a year earlier, research firm IDC reported late Wednesday. Meanwhile, overall industry PC shipments dropped 4.4% to 73.4 million units. Lenovo was the No. 1 PC vendor in Q1 with 17.7% market share, up from 15.3% a year earlier, IDC said. Lenovo surpassed Hewlett-Packard (HPQ) to become the top PC company in world in Q2 2013. HP had been the top dog since late 2006, when it took the crown from Dell. “Despite a challenging environment, Lenovo has again proven its ability to outperform the market as the clear global leader in PCs,” Lenovo CEO Yang Yuanqing said in a statement. “At the same time, we are leveraging our leadership position in the $200b-plus PC…

HP Said To Show Some Progress, Price Target Hiked

Hewlett–Packard (HPQ) is showing some progress in its turnaround, though growth struggles remain. On Thursday, Amit Daryanani, an analyst for RBC Capital Markets, raised his price target on the computer products and services company from 33 to 36, saying he expects improving operating margin and sees the company making inroads in emerging growth areas of technology. He maintained a sector perform, or hold, rating on the company. HP stock was down