HP CEO Leo Apotheker Warns Execs Of Another Tough Quarter Ahead

Posted May 17, 2011

Hewlett-Packard Company (NYSE:HPQ) CEO Leo Apotheker has warned exeutives in an internal memo that “another tough quarter” is coming and he asked them to watch every penny. HP plans on reporting their results before market hours today. HP has sharply lowered expectations after sales trimmed in March. HP has to stay competitive with Cisco and Oracle in the cloud computing sector. [Reuters]