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শুক্রবার, ২২ ফেব্রুয়ারি, ২০১৩

HP's 1Q offers glimmer of hope, stock surges

SAN FRANCISCO (AP) ? Hewlett-Packard Co.'s latest quarterly results provided a glimmer of hope after months of gloomy news.

The fiscal first-quarter numbers announced Thursday topped what the slumping personal computer maker's own management and stock market analysts had forecast.

Like other PC makers, HP has been struggling to adapt to a shift toward smartphones and tablet computers, which are siphoning sales from desktop and laptop machines made by HP and other companies. Adding to the problems were some acquisitions gone awry. Over the past two quarters, HP announced losses totaling $15.3 billion as the company accounted for those mishaps, to the shock of Wall Street. The jolt caused HP's stock to plunge to its lowest price in a decade just three months ago.

The shares have rebounded since then, though they still remain about 20 percent below where they were in Sept. 2011, when the company fired Leo Apotheker as its CEO and hired Meg Whitman, who became a high-tech star while running eBay Inc.'s online marketplace.

The same problems are still plaguing HP, but signs of progress in the latest quarter indicated that the company's turnaround efforts are running ahead of schedule. Whitman has consistently said it may be several years before HP is on solid ground again.

She said the company is in the best condition since she was hired as CEO. "The patient showed some improvement," Whitman told The Associated Press in a Thursday interview.

She stopped short of predicting HP will be fully cured more quickly than she anticipated. "I don't want to get out over my skis." Whitman said.

In a show of confidence, HP provided an earnings forecast for the Feb.-April quarter that was higher than analysts' projections.

The company's stock rose 94 cents, or 5.5 percent, to $18.04 in after-hours trading. At its recent low, the stock was down to $11.35.

HP earned $1.2 billion, or 63 cents per share, in the three months ending Jan. 31. That was a 16 percent decrease from nearly $1.5 billion, or 73 cents per share, at the same time a year earlier.

Excluding certain accounting items, HP would have earned 82 cents per share. That was well above the average estimate of 71 cents per share among analysts surveyed by FactSet.

Revenue fell 6 percent to $28.4 billion, about $470 million above analysts' projections. It was nearly $30 billion a year earlier. It's the sixth consecutive quarter that HP's revenue has dropped from the previous year.

Excluding one-time items, HP expects to earn 80 to 82 cents per share in the current quarter. Analysts estimated earnings of 77 cents per share.

HP isn't predicting when its revenue downturn might end. In a conference call with analysts, Whitman said HP still faces a "long road ahead" before its revenue is growing again. To help offset the revenue decline, HP is in the process of eliminating 29,000 jobs, or about 8 percent of the workforce when it was announced, in a streamlining scheduled to be completed by Oct. 2014. Whitman said about 15,300 of the jobs targeted in the cost-cutting program have been jettisoned so far. About 3,500 people left in the most recent quarter.

The Palo Alto, Calif., company's biggest headaches remain rooted in the HP division that includes PCs, where revenue fell 8 percent from the previous year. Printer sales also continued to slide, although not quite as severely, with a 5 percent decrease.

Whitman is trying to reverse the trend by expanding into tablet computers and selling an array of machines running on Windows 8, a radical redesign of Microsoft's widely used operating system.

HP had tried to previously challenge Apple Inc.'s trend-setting iPad in 2011 with a tablet running on software that it acquired from Palm Inc., only to quickly abandon the device. The company's latest tablets run on Windows 8 or scaled-down versions of that operating system.

Whitman also believes HP could benefit from rival Dell Inc.'s agreement to sell itself to CEO Michael Dell and a group of investors for $24.4 billion. If it's approved the deal could saddle Dell with an additional $15 billion in debt ? a burden that Whitman believes will raise questions about the company's ability to innovate and tend to the needs of its corporate customers.

"It is an opportunity for us because I know firsthand what instability is like," Whitman said in the AP interview. "I think we are really well positioned for this next big shift in technology. We are excited about it and feel good about where we are."

Dell's decision to end its 25-year history as a publicly traded company has spurred speculation that HP might take a radical step, too, to boost its stock price. The most popular theory is that HP will sell or spin off its PC and printer operations to concentrate on more profitable technology markets in business software and various services.

"We have no plans to break up HP," Whitman said in an interview. "We are convinced that these divisions are better together than they are alone."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-02-21-Earns-Hewlett-Packard/id-2df4092b38a14c10812fa68329aaba4f

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Good Reads: Ideas for Obama, the creep of capitalism, millionaire count, work at the top

This week's round-up of Good Reads include foreign policy advice for President Obama, how entrepreneurs are slowly revitalizing North Korea, a look at what makes a millionaire in the United States, and a dizzying visit to the window washers who clean the nation's highest buildings.

By David T. Cook,?Staff writer / February 21, 2013

Private access gates surround multimillion- dollar homes in Dana Point, Calif.

Reed Saxon/AP/File

Enlarge

US presidents traditionally turn to foreign policy in their second terms. The executive branch operates with greater freedom in the international realm than in domestic policy, and world affairs are an appealing arena in which to cement a presidential legacy.

Skip to next paragraph David T. Cook

Senior Editor and Washington Bureau Chief

Cook is senior editor and Washington bureau chief of The Christian Science Monitor and host of the Monitor's newsmaker breakfasts.

Capitalism and North Korea?s leaders

With North Korean leader Kim Jong-un having just overseen his nation?s third nuclear weapons test, The Economist magazine?s Feb. 9 cover story takes a very timely look at how ?capitalism is seeping through the bamboo curtain? with consequences the despotic Mr. Kim may not be able to control.

The North Korean famine of the 1990s, which killed up to 1 million people, triggered a breakdown in the government?s control over food distribution. So individual entrepreneurs began selling food grown in family plots. That market impulse has grown. ?It has become clear that other merchants today operate on a far more ambitious scale, exporting raw materials to China and bringing back consumer goods,? the Economist reports. So, the magazine says, money talks in today?s North Korea in ways that have a variety of destabilizing consequences.

For example, traders bring in computers, radios, and mobile phones, which diminish the Kim regime?s control of information. That allows some North Koreans to have a more acute sense of how impoverished their lives are compared with those of citizens of neighboring South Korea.

The role of the sexes has changed as women, who run some black markets, have become the breadwinners in their families. And there is a widening gap between the lives of market-involved elites centered in Pyongyang and the lives of the chronically underfed rest of the country.

Who are the millionaires?

The debate over how to reform the US tax code will be one of the top political stories of 2013. Whether America?s richest individuals are paying their fair share will be a key aspect of the debate. So it is useful to get a clearer picture of the financially fortunate.

?[T]he common conception of millionaires, on whom so much of the nation?s long-term fiscal viability depends, is largely a caricature,? writes Graeme Wood in the conservative National Review.

The first step in understanding millionaires, Mr. Wood writes, is a matter of definition. One group of millionaires are those who have assets like homes, savings accounts, and pensions that are worth a million dollars. ?The majority are working people,? Wood writes, and some 5.26 million households meet that definition.
The second group of millionaires consists of those who earn a million dollars or more a year. This much more rarefied group includes fewer than half a million households a year. Wood notes that many in this group are ?lucky one-timers,? folks who won the lottery or inherited from wealthy parents.

Only the 200,000 households with $20 million or more in assets have ?the financial equivalent of a perpetual-motion machine, capable of spontaneously replenishing itself and fairly reliably producing large amounts of money for its fortunate owner,? Wood says.

The window washers? life at the top

The New Yorker provides a vicarious glimpse into the dangerous, silent, and exhilarating world of skyscraper window washers for readers whose own jobs may offer less excitement.

The advent of computer design software made it practical for architects to create buildings with a different window configuration on every floor, ?turning Manhattan into a crystal garden of geometric forms and irregular shapes,? writes Adam Higginbotham. At the same time, the work of men with buckets and squeegees has remained just outside the reach of automation.

Thus it is that window washers still have to step out onto an 18-inch-wide walkway outside the 103rd floor of the Empire State Building.
When Mr. Higginbotham joined a window washer there, briefly, he writes, ?I sank to my knees in what may have resembled an attitude of pure terror.?

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/VFwXX_bn08w/Good-Reads-Ideas-for-Obama-the-creep-of-capitalism-millionaire-count-work-at-the-top

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Boy sucked into drainpipe at golf course

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Source: http://news.ninemsn.com.au/national/8615698/boy-sucked-into-drainpipe-at-golf-course

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Seo Tips And Techniques | THMG.com

Friday, February 22nd, 2013

There are various ways which can help you ton earn money but you must be choosy about the ways. You must always choose a job which suits your requirements as well as qualifications. One of the best ways to earn money these days is through the internet.

Internet has become a part and parcel of our lives. There are lots of small businesses which can provide you with the opportunity to have a good income. But if you want to get into these small businesses you need to understand certain technical things as well.

For a business on the internet you need to have your own website. Just creating a website is not enough. You need to learn how to optimize it. You might have come across the term search engine optimization.

SEO is actually the process with the help of which you can improve the ranking of your

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Source: http://www.thmg.com/seo-tips/seo-tips-and-techniques/

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Easy and Inexpensive Home Improvements - Karenshomefinder.com

Buying a home is still one of the best ways to build wealth. If you are looking to add value to your home without breaking the bank there are many projects that will increase your home?s value for less than $1,000.

One thousand dollars can go a long way when it comes to home improvement projects. If you think and plan smart your profit should outweigh your investment. Here are a few projects that will give you the most bang for your buck.

1. Organize Your Home

Declutter your home by organizing closets, cabinets and pantries. Add bookshelves for more storage. Maximize space in the kids? rooms by installing platform or bunk beds. A neat and organized home is easier to live in and shows better to potential buyers.

2. Make an Entrance

Simply updating and replacing your entry door will spruce up your curb appeal. Not only will the new door look great it can also help save money. ?Adding a steel door will save on energy. Most of the new steel doors are made to look like wood. A new door will cost approximately $400.

3. Install a Programmable Thermostat.

Another way to save money is to switch from a manual to a programmable thermostat. Prices vary greatly on these thermostats but don?t expect to pay more than a few hundred dollars for a high end model.??A programmable thermostat can save you?$180 a year in energy costs.

4. Update your Cabinets

Cabinet hardware makes a huge difference on how new your kitchen looks. Simply update the cabinet hardware by installing new knobs and pulls in more modern metals and looks. Most large hardware store have a large selection of hardware you can usually buy a 10-pack for approximately $20.

5. No more Bathroom Blues

Bathrooms can be one of the most expensive updates in a home. You can give a bathroom a quick facelift by replacing old tile. Vinyl tiles are inexpensive and easy to install or with ceramic tile can cost as little as $3 per square foot for material and installation.

Source: http://www.karenshomefinder.com/blog/easy-and-inexpensive-home-improvements

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Google Glass to launch this year for under $1,500

Devin Coldewey , NBC News ? ? ? 1 hr.

Everyone's favorite future toy, Google Glass, may soon be more than a gadget-blogger's fantasy. Tech website The Verge has gotten official confirmation from Google that they plan to launch the head-worn device before the end of the year, and for under $1,500.

If you feel the price is bit much to ask for a pair of dorky-looking cyber-glasses, you're not alone. But there are two things you can count on: that the first generation of a new kind of device will always be both expensive and a little clunky, and that people will buy it anyway.

$1,500 is what Google charged developers who wanted early access to the device, and a recently-launched contest with Glass as a reward still requires the winner to pay that sum (and pick it up in person, no less). But they told The Verge that a "fully-polished" version of the device would be out by the end of the year and would cost less ? though they didn't say by how much.

If you're curious about Glass, you can visit Google's new site dedicated to it or watch the demonstration video below:

Devin Coldewey is a contributing writer for NBC News Digital. His personal website is coldewey.cc.

Source: http://www.nbcnews.com/technology/gadgetbox/google-glass-launch-year-under-1-500-1C8503747

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Spain, France to miss debt goals as euro zone stays in recession

BRUSSELS (Reuters) - The euro zone will not return to growth until 2014 and struggling Spain and France will be among those who miss debt-cutting targets as a result, the European Commission said on Friday.

Paris and Lisbon said they would seek more time from Brussels to reach their deficit goals. Madrid has already indicated the same.

The EU's executive said the euro zone economy, which generates nearly a fifth of global output, would shrink 0.3 percent in 2013 after a 0.6 percent fall last year, blaming a lack of bank lending and record joblessness for delaying the recovery.

That represented a marked downgrade of the Commission's prediction from November that the euro zone would grow this year. The euro slipped on the back of the forecasts.

The currency bloc is consolidating its public finances to regain market trust after excessive government spending, real-estate bubbles and lack of competitiveness triggered a sovereign debt crisis.

"The ongoing rebalancing of the European economy is continuing to weigh on growth in the short term," EU Economic and Monetary Affairs Commissioner Olli Rehn said.

Under EU budget rules, sharpened at the peak of the crisis in late 2011, euro zone countries can face fines if they fail to take action to meet deficit targets set by EU finance ministers.

Progress is uneven among the 17 countries sharing the euro.

The main laggard was Spain, which badly missed the 6.3 percent of GDP target for 2012 with a result of 10.2 percent. While that included 3.2 percent of GDP cost to recapitalize banks, even at 7.0 percent the deficit was above target.

This year, Madrid will have a deficit of 6.7 percent rather than the 4.5 percent set for it. And unless policies change, Spain will have a gap of 7.2 percent in 2014 against the target of 2.8, the Commission said.

FRENCH CRITICISM

Euro zone countries whose economies perform much worse than expected can count on an extension of deficit deadlines.

But they need to show that while they missed the nominal deficit target because of recession, they have still cut the structural deficit, which strips out the effects of the economic cycle and one-off effects.

French Finance Minister Pierre Moscovici said he would talk to Brussels about pushing back the deficit-cutting timetable and now aims to hit 3 percent of GDP in 2014 not this year.

Portuguese Prime Minister Pedro Passos Coelho also chipped in, saying Lisbon needed an extra year to get its budget deficit under 3 percent given a weaker than expected economy.

Rehn said decisions would be looked at in May but others were less charitable, particularly towards Paris.

European Central Bank board member Joerg Asmussen urged Paris to take "concrete and measurable" steps to cut the budget deficit, saying France faced a test of its credibility and had to come as close as possible to its 3 percent goal this year.

Michael Fuchs, a senior lawmaker in Chancellor Angela Merkel's conservative party, referred to France as a "problem child" that was badly trailing its partners on economic reform.

MORE SPANISH LEEWAY?

Madrid looks much further off track.

Spain, in recession last year and seen shrinking again this year, was asked last July to cut its structural deficit by 2.7 points in 2012 to 4.3 percent of GDP and by 2.5 points in 2013.

Commission data showed it came nowhere near doing so, and will fall short again in 2013.

Yet Rehn signaled Madrid's efforts may be seen positively when the Commission decides in May whether to grant more time to governments or to step up disciplinary action.

"In the case of Spain, its seems that the structural fiscal effort has been undertaken and there has been also an unexpected shortfall of growth," he said.

One of Spain's main problems is a record high level of unemployment which is to reach almost 27 percent of the workforce this year. Joblessness in the whole euro zone is set to peak at 12.2 percent, or more than 19 million people, in 2013, the Commission said.

Germany will remain the motor of the euro zone economy, expanding 0.5 percent this year and 2.0 percent in 2014, while the second biggest economy of France stagnates and third biggest Italy only emerges from recession next year.

France will also miss its nominal deficit targets - this year's shortfall will be 3.7 percent rather than the 3.0 percent agreed with the EU, because of the weaker than expected growth.

But Paris hit its nominal deficit target last year and cut its structural deficit by more than required. It could repeat that feat this year.

Commission forecasts showed Portugal's headline budget deficit rose to 5.0 percent of GDP last year from 4.4 in 2011 and will only ease to 4.9 percent this year, unless policies are altered.

But Portugal's GDP is now seen shrinking almost twice as much as previously this year -- 1.9 percent instead of 1 percent.

"I think it would not be surprising if there was an opening on behalf of the European Commission," Passos Coelho said.

(Additional reporting by Annika Breidthardt and Noah Barkin in Berlin, Michael Shields in Vienna, editing by Mike Peacock)

Source: http://news.yahoo.com/spain-france-miss-debt-goals-euro-zone-stays-141909667--business.html

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