Tag: HP

HP promises AI PCs next year

Maker of expensive printer ink, HP CEO Enrique Lores said the company’s first AI PCs will arrive in the second half of 2024.

Lores claimed that the new PCs will be a “catalyst for market expansion” and deliver “stronger AI capabilities” than upcoming computers.

HP said that PCs will lead to growth in the market, but it will take “some time” for customers to adopt computers with AI acceleration.

Intel CEO Pat [kicking] Gelsinger has said that the chipmaker’s forthcoming Core Ultra processors, code-named Meteor Lake, will “usher in the age of the AI PC” due to their AI acceleration capabilities.

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PC sales may have bottomed out

Sales of PCs have continued to decline during the third quarter but may have gone as low as they can, according to the number crunchers at IDC.

IDC’s Worldwide Quarterly Personal Computing Device Tracker says that the downward spiral for PC shipments continued during Q3 as global volumes declined 7.6 per cent year over year, with 68.2 million PCs shipped.

Demand and the global economy remained subdued, while PC shipments increased in each of the last two quarters. This slowed the rate of annual decline indicating that the market has bottomed out.
PC inventory is better than it has been for a while with less stock on hand.

Sawyer quits Lenovo

Neil Sawyer has left Lenovo after 14 months as UK managing director & general manager.

Sawyer joined Lenovo in December 2021 after becoming a name running HP’s UK channel for six years.

Sawyer confirmed that he had left on good terms with Lenovo and was grateful to his team in UK&I for their efforts and achievements.  He just needed a break and to spend more time with his family.

He will be replaced by Preben Fjeld, former UK and Ireland GM and current EMEA chief operating officer.

 

HP reports loss in first quarter and blames the wind

Maker of expensive printer ink HP reported a loss in its fiscal 2023 first quarter and CEO Enrique Lores even trotted out the old “industry-wide headwinds” cliché as the reason.

He claimed that corporate budgets were being tightened, and this was impacting large enterprise demand for the vendor.

GAAP net revenues came in at $13.8 billion, representing an 18.8 per cent slump from the $17 billion earned in Q1 2022. GAAP net earnings plunged 55 per cent to $500 million compared to the previous year’s $1.1 billion.

Lores said: “We delivered on our non-GAAP EPS target despite industry-wide headwinds, reflecting disciplined execution across our business.”

So in otherwords it was not our fault, it was the wind that did it. However, he said that HP’s Future-Ready plan was working wonders and was reducing costs while maintaining investments in long-term growth.

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Vendor job kill continues

Never mind any skills gap, Vendors are firing staff who they may never see again to make a short-term cut in costs.

Google handed six per cent of its global workforce pink slips apparently to refocus on its priorities, including AI.

CEO Sundar Pichai said: “We’ve decided to reduce our workforce by approximately 12,000 roles. We’ve already sent a separate email to employees in the US who are affected. In other countries, this process will take longer due to local laws and practices.”

Pichai said the company will be reviewing its current operations in order to make the most of its early investments in AI.

IGEL deepens HP relationship

Just months after moving to a software-only strategy, thin client OS expert IGEL has got cosier  with HP,

In March IGEL gave up on hardware to focus on its software and said it would develop partnerships with HP, Lenovo and LG to cover hardware.

It seems that HP has certified the IGEL OS for its Elite t655 thin clients and will be pre-installed on the devices, which started shipping today.

HP expected to announce muted results

Maker of expensive printer ink, HP, is expected to announce disappointing fourth quarter earnings results today after the markets closed.

The cocaine nose jobs of Wall Street have been consulting their tarot cards and concluded that HP will announce an EPS estimate of $0.84 ( down by 10.6 percent Y/Y) and a revenue of about $14.68 billion (down 12.1 percent Y/Y).

While those numbers are not too bad, HP has beaten EPS estimates 75 percent of the time and revenue estimates 38 per ent of the time.

Over the last three months, EPS estimates have seen no upward revisions and 15 downward. Revenue estimates have seen no upward revisions and 12 downward.

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IGEL gives up on thin clients

Thin client player IGEL has told its partners and customers that it is giving up making thin client hardware in March next year and will move to software offerings and hardware from its partners.

The company said that its chums Lenovo, HP and LG will give partners access to nine different thin client offerings and the firm has also developed partnerships with software players, including Microsoft, Citrix and VMware too.

Simon Townsend, IGEL’s field chief technology officer for Europe, the Middle East and Africa (EMEA), said it had kept partners in the loop as it had been winding down its hardware operation so the development would not come as a surprise to its channel.

Print market expected to improve

The maker of expensive printer ink HP expects the print-hardware market to pick up over the next 12 months.

HP thinks that the triggers will be that customers want more sustainable products. It will not be a surprise then that it has just released its super sustainable LaserJet Managed E700/E800 series.

The multifunction printers are being pitched as a solution that meets hybrid working needs. Features include the ability to edit documents before printing at the final stage to increase productivity.

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Agilico takes over Capital Document Solutions

UK’s independent managed print services business Agilico has closed the sale of Edinburgh-based Capital Document Solutions.

The deal means that the outfit will increase its machines in field to over 40,000 and expand its customer base to over 13,000.

The deal comes just five months after the death of Capital Document Solutions MD Tom Flockhart – who founded the company in 1979.

Agilico’s last filed annual accounts, covering the year to 31 March 2021, showed flat revenues of £41.6 million and 30,000 machines in field.

IDC predicts doom for PC monitor shipments

Beancounters at IDC are predicting that PC monitor shipments will decline in 2022.

IDC is predicting “cautious channel uptake” over the next few quarters following a 2.7 percent rise in shipments in Q2 compared to the same time last year.

Rising inflation and weakening consumer demand point to a “challenging outlook for at least the remainder of the year”.

Monitor shipments are now expected to decline 3.1 percent year over year in 2022 and 2023 will shrink another 4.2 percent before a weak recovery in 2024.

Poly is an ex-parrot

HP has completed its acquisition of the  videoconferencing giant Poly.

The PC and print vendor completed the deal – first announced in March and valued at $3.3 billion.

HP CEO Enrique Lores said: “It is a historic day for our business as we mark the union of two iconic companies that are innovating at the heart of hybrid work.”

The PC and print vendor expects the move to drum up more hybrid work business as employers look for more at-home videoconferencing solutions.

Inflation hits the channel

Inflation is already having an impact on those in the PC hardware world.

Canalys research analyst Kieren Jessop warned that PC shipments across Western Europe in the second quarter showed the consequences of inflationary pressures and the ongoing Chinese shipment issues.

This is now a second quarter of decline in Western Europe, with an 18 percent year-on-year drop in shipments in second quarter with notebooks particularly hit, with a 26 percent year-on-year decrease.

Cheap malware kits creating channel problems

Malware, Wikimedia CommonsHP has issued a report which says that cheap “plug-and-play” malware kits are causing a major headache for the channel.

The report with the concise title  The evolution of cybercrime: Why the dark web is supercharging the threat landscape and how to fight back said 76 per cent of malware advertisements listed were on the dark web, and 91 percent of exploits were being priced at around £8.50.

Kits often comes as a bundle, with malware as a service, tutorials and mentoring services added to the malware offering.

Criminals are targeting major software brands, looking to exploit known vulnerabilities and bugs that they can take advantage of so they can get in a position to take command of user systems.

Ian Pratt, global head of security for personal systems at HP, said its research would be shared with the channel, and that partners would be alerted to its implications.

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PC shipments fall by 15 percent

Beancounters at Canalys have added up some numbers and found that global PC shipments fell by 15 percent in the second quarter mostly because of Chinese production issues.

The decrease took the market back to its lowest level since the pandemic began to take hold in the first quarter of 2020.

Laptops suffered an 18.6 percent drop, with consumers showing more caution with inflation and the cost of living causing some falls in demand. Desktops fared better, with a 0.6 per ent increase, driven by commercial spending on hardware.