HPQ - HP Inc.

NYSE - NYSE Delayed Price. Currency in USD
20.47
-0.03 (-0.15%)
At close: 4:04PM EST
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Previous Close20.50
Open20.49
Bid20.44 x 4000
Ask0.00 x 4000
Day's Range20.44 - 20.75
52 Week Range15.93 - 24.09
Volume7095705
Avg. Volume14,721,923
Market Cap30B
Beta (3Y Monthly)1.50
PE Ratio (TTM)9.89
EPS (TTM)2.07
Earnings DateFeb. 25, 2020 - Mar. 2, 2020
Forward Dividend & Yield0.70 (3.44%)
Ex-Dividend Date2019-12-10
1y Target Est20.52
  • Xerox expects revenue growth of up to $1.5 billion with HP takeover
    Reuters

    Xerox expects revenue growth of up to $1.5 billion with HP takeover

    The presentation, addressed to HP shareholders, comes two weeks after Xerox said it was planning to take its $33.5 billion buyout bid directly to HP shareholders after HP refused to open its books for due diligence. Xerox said revenue growth of $1 billion to $1.5 billion can be achieved through a three-year roadmap, which involves cross-selling products and streamlining operations. The combined company will have a free cash flow of more than $4 billion in the first year before any synergies, Xerox added.

  • Bloomberg

    Xerox Woos HP Holders With $1.5 Billion Sales Growth Target

    (Bloomberg) -- Xerox Holdings Corp. believes its proposed HP Inc. takeover would create as much as $1.5 billion in potential revenue growth, according a presentation to HP’s shareholders made public Monday.The printer maker outlined its case for a tie-up between the companies, arguing the combined firm will be worth about $31 a share to HP investors on a pro-forma basis. The merged entity will generate more than $4 billion in free cash flow in the first year before taking any synergies into account, according to the presentation, confirming a report in Bloomberg News.“The value of the transaction goes beyond economics. In consolidating industries, first movers not only win but also have an opportunity to reshape the competitive landscape in an enduring way,” John Visentin, Xerox’s chief executive officer, said in the presentation.Xerox has already said it believes the combination would create roughly $2 billion in synergies, which it argues could be achieved in 24 months. Those savings could be achieved through streamlining their operations by reducing the number of suppliers the combined company would use, cost reductions on information technology and reducing its real estate footprint, among other measures.The presentation for HP shareholders goes further, saying a merger of their operations would allow cross-selling and a unified platform for clients. That could yield an estimated $1 billion to $1.5 billion revenue growth, Xerox said.To get to this amount, Xerox says it has a three-year roadmap that includes generating $540 million to $750 million from pitching complementary products to existing clients, $50 million to $100 million from manufacturing and distribution efficiencies and $350 million to $400 million from integrating HP products into Xerox’s office-as-a-service offerings.It also said there could be $300 million to $400 million in growth from Xerox’s services and software and $150 million to $300 million from offering Xerox’s leasing options to HP customers. A representative for Xerox declined to comment, while a representative for HP couldn’t immediately comment.HP’s shares were little-changed at $20.50 at 9:58 a.m. Monday, while Xerox rose less than 1% to $37.99.HP last month rejected an unsolicited, cash-and-stock offer from Xerox worth $22 per share, arguing it undervalued the company and citing concerns about the health of its smaller rival’s business. Xerox said it planned to take its case straight to HP’s shareholders after the Palo Alto-based hardware maker refused to grant the mutual due diligence it requested.The presentation to be released publicly Monday is the first step in that effort, and Visentin will start meeting some HP shareholders this week to sell the plan. Xerox has asked for three weeks of mutual due diligence in order to validate its case for a tie-up, noting in the presentation it expects no financing conditions and no regulatory risks.JPMorgan Chase & Co. analysts said this month that a merger carried risks and could cause some near-term downside in both stocks. Their Dec. 3 note added that the deal would leave investors more exposed to “a declining printer business.”Activist investor Carl Icahn, who owns as stake in both companies, called on HP last week to push ahead with the talks, calling the deal a “no-brainer.” He accused the company’s directors and management of seeking to preserve their own jobs instead of protecting shareholders’ interests. He argued HP’s standalone plans amount “to little more than rearranging the deck chairs on the Titanic.”Icahn is Xerox’s largest holder with a nearly 11% stake in the Norfolk, Connecticut-based company. He also owns a 4.2% of HP, making him its fifth-largest holder, according to data compiled by Bloomberg.(Updates with details of presentation starting in first paragraph)To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Fion Li, Ben ScentFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • The Zacks Analyst Blog Highlights: TOTAL, Broadcom, United Parcel Service, Deere and HP
    Zacks

    The Zacks Analyst Blog Highlights: TOTAL, Broadcom, United Parcel Service, Deere and HP

    The Zacks Analyst Blog Highlights: TOTAL, Broadcom, United Parcel Service, Deere and HP

  • Top Analyst Reports for TOTAL, Broadcom & United Parcel Service
    Zacks

    Top Analyst Reports for TOTAL, Broadcom & United Parcel Service

    Top Analyst Reports for TOTAL, Broadcom & United Parcel Service

  • UPDATE 1-Carl Icahn urges HP shareholders to reach out to board
    Reuters

    UPDATE 1-Carl Icahn urges HP shareholders to reach out to board

    Activist investor Carl Icahn on Wednesday urged the shareholders of HP Inc who agree with the merger with Xerox Holdings Corp to reach out to the personal computer maker's directors for immediate action. "HP shareholders deserve the opportunity to decide for themselves whether a combination with Xerox makes sense before the idea is summarily rejected by HP's board," Icahn said. Icahn, who has 10.85% stake in Xerox and 4.24% in HP, said the combination could yield over $2 billion in cost savings.

  • Icahn Urges HP to Move Forward With Xerox Merger Discussions
    Bloomberg

    Icahn Urges HP to Move Forward With Xerox Merger Discussions

    (Bloomberg) -- Carl Icahn is urging HP Inc. to push ahead with takeover talks with Xerox Holdings Corp., arguing the hardware maker’s standalone plans amount “to little more than rearranging the deck chairs on the Titanic.”A tie-up between the companies could yield more than $2 billion in synergies, the billionaire investor said in a letter addressed to HP shareholders Wednesday.“It is absurd for the HP board and management team, with such a history of underperformance and missteps, to claim to have had a sudden epiphany and now expect shareholders to trust them to execute a standalone restructuring plan,” Icahn said in the letter confirming an earlier report from Bloomberg.HP last month rejected an unsolicited, cash-and-stock offer from Xerox worth $22 per share, or about $33 billion. Xerox plans to go to HP shareholders to present its case for a deal. Icahn, who owns stakes in both companies, said he was perplexed over HP’s board and management refusing Xerox’s proposal for mutual due diligence to explore a takeover.HP’s decision to stonewall Xerox is also irrational and not in the best interest of shareholders, Icahn said.“I can say without exaggeration that the combination of HP and Xerox is one of the most obvious no-brainers I have ever encountered in my career -- one where activism should not even be necessary at all because the merits of the combination are so obvious to everybody involved,” Icahn said.The deal will likely get done but the process will stretch out for a little while, according to Anand Srinivasan, senior technology analyst with Bloomberg Intelligence.“Partially, the reticence is the structure of the deal,” he said in an interview. “Who’s in charge? Who’s not? Who’s buying whom? The other part of it is to maybe push up the premium and play a little harder to get.”Icahn urged his fellow shareholders to reach out to HP’s directors and let them know that immediate action is needed to explore this opportunity.A representative for Xerox declined to comment. A representative for HP wasn’t immediately available for comment.HP’s shares, which have fallen about 14% over the past year, rose 1.5% in trading Wednesday to C$19.93 a share as of 9:36 a.m. in New York. Xerox’s shares rose nearly 1%.Icahn is the largest shareholder in Xerox, with a nearly a 11% stake. He also owns 4.2% stake in HP, making him its fifth-largest holder, according to data compiled by Bloomberg.HP has said it’s open to exploring a deal, but only if it can do due diligence on Xerox. Xerox, in turn, has requested that HP opens its own books in order to proceed with the talks.Icahn said he sees no downside to granting mutual due diligence. He also wondered whether HP was refusing the request as a delaying tactic so that its chief executive officer and board members could keep their jobs.“I cannot believe that the recalcitrance of HP’s board is driven by any real confidence in its standalone restructuring plan, which the market, shareholders and analysts met with extreme indifference,” he said.HP has argued the proposal undervalues the company. It also raised concerns about Xerox’s ability to raise the necessary capital and its debt load as reasons for not granting Xerox mutual due diligence.(Updates with analayst comments in paragraph seven, share prices in eleventh paragraph.)To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Cyber Monday vs Black Friday: ETFs & Stocks in Focus
    Zacks

    Cyber Monday vs Black Friday: ETFs & Stocks in Focus

    Cyber Monday is gradually gaining more attention from bargain hunters than Black Friday. These ETFs and stocks could be great picks in this regard.

  • Meg Whitman’s Stake Values Cincinnati Soccer Team at $500 Million
    Bloomberg

    Meg Whitman’s Stake Values Cincinnati Soccer Team at $500 Million

    (Bloomberg) -- Meg Whitman, the Silicon Valley veteran and onetime gubernatorial candidate, has found a new calling: pro-soccer owner.The executive is buying a minority stake in Major League Soccer team FC Cincinnati, part of a push by the first-year team to raise money for facilities and player contracts. Whitman, whose purchase was approved Wednesday, will become the sixth woman on the MLS Board of Governors, one of five to join within the past two years.The former Hewlett Packard Co. chief and her husband, Griff Harsh, are taking about 20% of the club at a valuation of around $500 million, according to three people familiar with the deal. A team spokeswoman declined to comment on the terms.“Cincinnati has a special place in my heart,” said Whitman, who started her career at Procter & Gamble Co.’s Cincinnati headquarters and continues to serve on the company’s board. “FC Cincinnati and soccer have both already proven to be cultural forces in the market. Between the crowds at Nippert Stadium and the corporate commitments it has drawn, it’s a team with an exceptionally high ceiling.”FC Cincinnati began play as a United Soccer League franchise and moved up to MLS before the 2019 season. The team’s majority owner is Carl Lindner III, co-chief executive officer of Cincinnati-based American Financial Group Inc. Other investors include Scott Farmer, CEO of Cintas Corp.; George Joseph of Joseph Auto Group; and Larry Sheakley, founder of Sheakley Group of Cos.The team has been working with the Raine Group to help bring on capital; O’Melveny & Myers represented Whitman and Harsh.Whitman, 63, is CEO of the short-form video startup Quibi, which was founded last year. She previously led EBay Inc., and was CEO of HP -- and later, Hewlett Packard Enterprise, when the company split in two. Harsh is the chairman of the neurological surgery department at the University of California, Davis.Whitman will join Lindner as the team’s second MLS board representative. Other women serving on the 58-person board include Dee Haslam (Columbus Crew SC), and Hall Capital Partners founder Katie Hall (San Jose Earthquakes). The St. Louis expansion franchise, which will begin play in 2022, is majority-owned by women.Whitman has shown prior interest in MLS clubs. Back in 2017, she was a part of the group looking to bring a club to Sacramento but later left the bid. Whitman is also an investor in the esports franchise Immortals.To contact the reporters on this story: Scott Soshnick in New York at ssoshnick@bloomberg.net;Eben Novy-Williams in New York at enovywilliam@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, ;Tom Giles at tgiles5@bloomberg.net, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • HP (HPQ) Q4 Earnings and Revenues Top Estimates, Rise Y/Y
    Zacks

    HP (HPQ) Q4 Earnings and Revenues Top Estimates, Rise Y/Y

    HP's (HPQ) fourth-quarter fiscal 2019 results benefit from growing demand in the Commercial PC market. However, soft consumer market and weakness in the Printing business are negatives.

  • US STOCKS-Wall St set to edge higher at open on trade optimism, upbeat data
    Reuters

    US STOCKS-Wall St set to edge higher at open on trade optimism, upbeat data

    President Donald Trump said on Tuesday the United States was in the "final throes" of work on an initial trade deal with China, fueling hopes that an agreement could be reached before the end of the year. The three major U.S. stock indexes have closed at record highs in five of the past eight sessions on expectations of a trade truce and a largely upbeat third-quarter earnings season. "There's that drumbeat about an impending trade deal and that's going to keep stocks moving higher," said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh.

  • Dell CFO says 'pleased' with earnings results
    Yahoo Finance

    Dell CFO says 'pleased' with earnings results

    Yahoo Finance speaks with Dell CFO Tom Sweet about its latest earnings and the health of Corporate America.

  • Dell Lowers Annual Sales Forecast on Intel Chip Shortages
    Bloomberg

    Dell Lowers Annual Sales Forecast on Intel Chip Shortages

    (Bloomberg) -- Dell Technologies Inc. lowered its annual revenue forecast after component shortages from supplier Intel Corp. blunted growth prospects despite buoyant corporate demand for new personal computers. Political and economic uncertainty also is weighing on sales of servers to big business clients.Adjusted sales will be $91.8 billion to $92.5 billion for fiscal year 2020, Dell Chief Financial Officer Tom Sweet said Tuesday during a conference call with analysts. The company said in August that revenue would be $93 billion to $94.5 billion in the fiscal year ending in January.Intel said last week it’s facing challenges delivering components to customers because of tight supply and limited chip inventories. Sweet said the development will affect Dell’s ability in the current period to produce some commercial computers for corporate clients, which is a key market. Business purchases of Dell’s PC often spur the sales of additional products and services, generating a higher profit margin.The company also continues to contend with falling demand for servers amid geopolitical and trade tensions. Weaker sales in China and among large corporate clients led a 16% decline in third-quarter revenue from servers and networking gear.“Obviously we’re not extraordinarily happy with them right now,” Sweet said about Intel in an interview. “I don’t have a pathway to mitigate the supply constraints that they’ve given me for Q4.”Shares fell more than 3% in extended trading, after closing at $53.19 in New York. The stock has gained 8.8% this year.This is the second time Dell has cut its annual sales forecast in the past three months. Sweet said he had always expected to narrow the range, as he did in August, because the initial revenue guidance was broad.Earlier, Dell said adjusted revenue increased 1.2% to $22.9 billion in the fiscal third quarter, just missing analysts’ average estimate of $23 billion.Dell reported profit, excluding some items, of $1.75 a share in the quarter ended Nov. 1. Analysts, on average, projected $1.59, according to data compiled by Bloomberg. During the conference call, Dell raised the low end of its 2020 earnings forecast to $7.25 to $7.40 a share, from $6.95 to $7.40. Lower component prices have aided the profit margins of Dell and rival HP Inc., which also reported earnings Tuesday.Revenue in the personal computer division increased 4.6% to $11.4 billion in the quarter. Commercial sales rose 9.4% due to corporate clients upgrading their computers to adopt Microsoft Corp.’s Windows 10 operating system. Revenue from consumers, on the other hand, fell 6.4% in the period.Sales from Dell’s data-center unit declined 6.1% to $8.39 billion, the Round Rock, Texas-based company said in a statement. Storage hardware sales increased 6.9%, but servers and networking gear pulled down the unit.Dell’s revenue growth is helped by its majority interest in software maker VMware Inc. VMware reported sales Tuesday that exceeded analysts’ estimates, rising 12% to $2.46 billion. Profit, excluding some items, was $1.49 a share, topping analysts’ average estimate of $1.42. VMware makes software that allows customers to combine multiple tasks on a single server, and is trying to shift to selling more programs that help companies run applications in the cloud and in their own data centers.Dell repaid about $1.1 billion of gross debt in the most recent period and has paid down about $3.5 billion so far this year. The company said it repaid more than $18 billion in gross debt since its EMC Corp. acquisition, announced at $67 billion, closed three years ago and is on target to repay about $5 billion of gross debt in fiscal 2020.\--With assistance from Dina Bass.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Dan ReichlFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • UPDATE 1-Dell cuts full-year revenue forecast on PC chip shortage
    Reuters

    UPDATE 1-Dell cuts full-year revenue forecast on PC chip shortage

    Dell Technologies Inc cut its full-year revenue forecast on Tuesday as its PC business grapples with a shortage of chips from Intel Corp, sending its shares down nearly 5% in extended trading. Dell is the third-biggest PC maker after China's Lenovo Group Ltd and HP Inc, with the business accounting for nearly half of its total revenue.

  • HP (HPQ) Q4 Earnings and Revenues Top Estimates
    Zacks

    HP (HPQ) Q4 Earnings and Revenues Top Estimates

    HP (HPQ) delivered earnings and revenue surprises of 3.45% and 0.86%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?

  • HP Projects Strong Profit After Spurning Xerox Takeover Bid
    Bloomberg

    HP Projects Strong Profit After Spurning Xerox Takeover Bid

    (Bloomberg) -- HP Inc. gave a profit forecast that topped Wall Street estimates, projecting optimism that a broad restructuring will pay off while spurning a takeover offer from Xerox Holdings Corp.Profit, excluding some items, will be $2.24 a share to $2.32 a share in fiscal 2020, the Palo Alto, California-based company said Tuesday in a statement. Analysts, on average, estimated $2.24, according to data compiled by Bloomberg. In the fiscal fourth quarter, the hardware maker’s sales and adjusted profit topped analysts’ projections.HP’s earnings report comes in the midst of an increasingly contentious debate with Xerox about a blockbuster combination that would reshape the printing industry. Xerox said Tuesday it plans to go directly to HP’s shareholders, adding that HP’s refusal to engage on the $22-a-share offer “defies logic.”On Sunday, HP reiterated its stance that it has many options to create value for shareholders, other than accepting the offer valued at more than $33 billion in cash and stock, and wasn’t “dependent on a Xerox combination.”“The results show that our strategy is working and we’re driving both short- and long-term value creation,” Chief Executive Officer Enrique Lores said in a press briefing.Fiscal fourth-quarter revenue came in at $15.4 billion, little changed from a year ago, and ahead of analysts’ average estimate of $15.3 billion.Shares gained about 2.5% in extended trading after the results were announced. Earlier, the stock closed at $20.06 in New York and has declined about 2% this year.Xerox has made a move for HP to consolidate the printing business at a time when both companies are stumbling. HP’s printing division, a major source of profit, has seen falling sales because of weaker demand for ink supplies. HP has announced a major restructuring to stabilize the company, which could result in as much as a 16% reduction of its workforce by the end of fiscal 2022.“Related to Xerox, I feel like we have seen this movie before when Carl Icahn meddled with Dell in a similar way,” said Patrick Moorhead, an analyst at Moor Insights & Strategy. “Xerox is a third of the size of HP, has been steadily declining in revenue, is running out of options, and needs HP more than HP needs it.”In the period ended Oct. 31, sales in the printing division fell 6% to $4.98 billion, with ink supplies dropping 7%. Consumer revenue declined 10% and commercial sales decreased 2%.“We continue to lead in a tough market,” Lores said of the printing industry. “We continue to grow in the categories that we consider important,” such as managed print services and instant-ink delivery services.Revenue from personal computers increased 4% to $10.4 billion, with 8% growth in commercial revenue offsetting a 4% decline in consumer sales. Corporate clients are upgrading their computers to adopt Microsoft Corp.’s Windows 10 operating system.(Updates with comments from analyst in the ninth paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire

    HP Inc. Reports Fiscal 2019 Full Year and Fourth Quarter Results

    PALO ALTO, Calif., Nov. 26, 2019 -- HP (NYSE: HPQ)   ●Fiscal 2019 GAAP diluted net earnings per share (“EPS”) of $2.07, below the previously provided outlook of $2.31 to $2.35.

  • Xerox Ramps Up Pressure on HP, Turns to Holders for Support
    Bloomberg

    Xerox Ramps Up Pressure on HP, Turns to Holders for Support

    (Bloomberg) -- Xerox Holdings Corp. said it plans to go directly to HP Inc. shareholders to present its case for a tie-up, in its latest push for a combination that is also backed by Carl Icahn.In a letter to HP’s board Tuesday, Xerox said it won’t apologize for its “aggressive” tactics in pursuing HP, after being spurned twice.Xerox will go straight to stakeholders “to solicit their support in urging the HP Board to do the right thing and pursue this compelling opportunity,” the Norwalk, Connecticut-based company said. “Your refusal to engage in mutual due diligence with Xerox defies logic.”Xerox has not specified how it will proceed with its pursuit of HP. There are several avenues it may choose, including a hostile takeover through a tender offer or a proxy fight, with the one-month window to nominate directors to the board opening on Dec. 25.HP did not immediately respond to a request for comment.Xerox slid less than 1% to $38.47 at 10:09 a.m. while HP fell 2% to $19.73 in New York.Both companies have bristled over due diligence. HP has said it’s open to exploring a deal, but only if it can do due diligence on Xerox to ponder an acquisition of the photocopier maker. Xerox gave HP until 5:00 p.m. Monday to agree to “mutual confirmatory due diligence.” Ahead of the deadline, HP questioned the health of Xerox’s business and whether it could raise the funding necessary for a transaction.“It is clear in your aggressive words and actions that Xerox is intent on forcing a potential combination on opportunistic terms and without providing adequate information,” HP said Sunday in a letter. “Your now-public urgency to accelerate toward a deal, still without addressing these questions, only heightens our concern about your business and prospects.”HP’s board of directors has unanimously rejected Xerox’s $22-a-share bid, valued at more than $33 billion in cash and stock. The board said it had significant questions about the trajectory of Xerox’s business and that Xerox would saddle the combined entity with too much debt if it were the acquirer.HP has said it has many options to create value for shareholders, including other merger and acquisition opportunities and share buybacks.Backers of a combination of the aging technology stalwarts include investor Icahn, who disclosed a 4.2% stake in HP in the third quarter, according to regulatory filings. Icahn, who owns a nearly 11% stake in Xerox, has said he supports a tie-up between both companies.(Adds additional context in fourth paragraph.)To contact the reporters on this story: Nico Grant in San Francisco at ngrant20@bloomberg.net;Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Xerox prepares to take HP buyout bid hostile
    Reuters

    Xerox prepares to take HP buyout bid hostile

    "We plan to engage directly with HP shareholders to solicit their support in urging the HP Board to do the right thing and pursue this compelling opportunity," Xerox said in a letter to HP's board. HP on Sunday rejected Xerox's $22 per share offer that consists of $17 in cash and 0.137 Xerox share for each HP share, saying the offer "significantly undervalues HP". The computer maker also accused Xerox of using aggressive words and actions to force a potential combination on opportunistic terms and without providing adequate information.

  • HP reiterates its rejection of Xerox's offer to buy the company
    Reuters

    HP reiterates its rejection of Xerox's offer to buy the company

    The personal computer maker said last Sunday it rebuffed Xerox's offer, and that it was open to exploring its own bid for the U.S. printer maker. Xerox had offered HP shareholders $22 per share, involving $17 in cash and 0.137 Xerox share for each HP share, according to a Nov. 5 letter. "We reiterate that we reject Xerox's proposal as it significantly undervalues HP," HP said in a letter to Xerox made public on Sunday.

  • GlobeNewswire

    HP Sends Letter to Xerox

    HP Inc. (HPQ) today announced that HP has sent a letter to Xerox Holdings Corporation in response to Xerox’s November 21, 2019 letter. The HP Board of Directors has reviewed and considered your November 21 letter, which has provided no new information beyond your November 5 letter. In particular, there continues to be uncertainty regarding Xerox’s ability to raise the cash portion of the proposed consideration and concerns regarding the prudence of the resulting outsized debt burden on the value of the combined company’s stock even if the financing were obtained.

  • Black Friday — What to know in the week ahead
    Yahoo Finance

    Black Friday — What to know in the week ahead

    Though it is a shortened trading week due to Thanksgiving and Black Friday, investors will be paying close attention to the trade war and consumer.

  • Buy Surging Hewlett Packard Enterprise (HPE) Stock Before Earnings?
    Zacks

    Buy Surging Hewlett Packard Enterprise (HPE) Stock Before Earnings?

    Hewlett Packard Enterprise (HPE) shares have surged 34% in the last three months. Now the question is will HPE's recent run of success continue after it reports its quarterly financial results on Monday, November 25?