This is Hewlett-Packard playing defense. More and more people aren't printing at home, and that's bad news for HP.
More Quotes from Shaw Wu:
Right now he's getting credit because he's doing what he can, which is cutting cost. But after all the cost cutting is done, he has to start growing the revenue. That's the main reason why I have a hold on the stock. The top-line growth is not that impressive.Shaw Wu
Both Apple and Creative are doing well and it is not necessarily at the expense of each other. It's not a zero-sum game. This is a good market to be in.
Shaw Wu
Expectations were getting out of hand. It's good to see Apple trying to reset them.
Shaw Wu
It's the law of large numbers. The pace of growth had to come down, but that's still a very large base of users that Apple can sell additional products and services.
Shaw Wu
There's still some doubt on the Street. The deal's never done until it's done.
Shaw Wu
Now that we are not in the holiday period, price matters, and that's why we expect that to see the biggest decline.
Shaw Wu
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