Tag Archives: Toni Sacconaghi
HP Market Cap Drops $16 Billion On Friday
After agreeing to acquire Autonomy and indicating that they will be shutting down the WebOS brand and spinning off their hardware business earlier this month, Hewlett-Packard Company (NYSE:HPQ) has been on a downward spiral. This past Friday, the company stock price dropped to the point where HP’s market cap as a whole lost $16 billion. Analysts blame the drop entirely on poor upper management decisions, specifically around Leo Apotheker’s visions. This is HP’s worst single-day stock price fall since the Black Monday stock market crash in October 1987.
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Categories Hewlett Packard, HP, Léo Apotheker, Pat Becker Jr., Toni Sacconaghi
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Apple Does Not Want Their Products To Be “Just For The Rich”
According to a research note taken from Bernstein Research analyst’s Toni Sacconaghi meeting with Tim Cook, Apple is confident in expanding the market for the iPhone. The iPhone expanded Apple’s sales of other products, especially in emerging markets.
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Categories Apple iPhone, Bernstein Research, Tim Cook, Toni Sacconaghi
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