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Hewlett Packard Inc. (NYSE: HPQ) stock is up more than 27% over the past year. The Q1 Hewlett-Packard earnings, due after the closing bell tomorrow (Tuesday), are unlikely to trigger a major share-price move – but they will tell us more about a big change coming soon…
You see, Hewlett Packard is set to split in two before the end of 2015.
Announced in early October, the Palo Alto, Calif.-based company will spin off its legacy printer and PC business into a company called HP Inc. The corporate hardware, cloud, and software businesses, meanwhile, will become known as Hewlett-Packard Enterprise.
HPQ stock investors will want to pick out those segments in the Q1 earnings report for clues about the health of the separated companies. And CEO Meg Whitman is likely to give an update on the progress of the split itself.
After five years of restructuring, the picture is slowly starting to brighten for HP. But investors probably won't see the fruit of those changes until we get closer to the split later this year.
About the Author
David Zeiler, Associate Editor for Money Morning at Money Map Press, has been a journalist for more than 35 years, including 18 spent at The Baltimore Sun. He has worked as a writer, editor, and page designer at different times in his career. He's interviewed a number of well-known personalities - ranging from punk rock icon Joey Ramone to Apple Inc. co-founder Steve Wozniak.
Over the course of his journalistic career, Dave has covered many diverse subjects. Since arriving at Money Morning in 2011, he has focused primarily on technology. He's an expert on both Apple and cryptocurrencies. He started writing about Apple for The Sun in the mid-1990s, and had an Apple blog on The Sun's web site from 2007-2009. Dave's been writing about Bitcoin since 2011 - long before most people had even heard of it. He even mined it for a short time.
Dave has a BA in English and Mass Communications from Loyola University Maryland.