Tag: HP

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. Read more…

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. Read more…

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. Read more…

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. Read more…

HP 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. Read more…