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<title><![CDATA[HP promises profitable growth and returns for decades to come]]></title>
<link>http://www.haaze.com/story.php?title=hp-promises-profitable-growth-and-returns-for-decades-to-come</link>
<comments>http://www.haaze.com/story.php?title=hp-promises-profitable-growth-and-returns-for-decades-to-come</comments>
<pubDate>Mon, 30 Nov -001 00:00:00 +0000</pubDate>
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<description><![CDATA[Hewlett-Packard promises solid financial growth as a result of its strategic focus on cloud computing, connectivity, and software, chief executive Leo Apotheker and chief financial officer Cathie Lesjak said today.In a press and analyst session in San Francisco, HP&amp;'s leaders said they plan on profitable growth, margin expansion, and increased capital spending in the future.HP plans to cash in on the growing opportunities around cloud services, or providing web-connected services for everyone from small businesses to consumers to big enterprises.&amp;''Who but HP is positioned to do this&amp;'' Lesjak asked. &amp;''We are skating to where the puck is going,&amp;'' referring to hockey star Wayne Gretzky&amp;'s motto that you skate to where the hockey puck is going, not where it has been.Apotheker said HP is planning to expand its sales force and grow its share of wallet, meaning it will grab more of the money spent by consumers and enterprises in the future. The company will acquire companies when needed and improve its efficiency with operational excellence, Apotheker said. Lesjak said HP will grow its profits and expand its capital spending at the same time.The company will also return cash to shareholders through buybacks and dividends. It is announcing a 50 percent rise in the company&amp;'s regular quarterly dividend to 12 cents a share. The company expects double-digit cents-per-share increases in the dividend on an annual basis.HP believes it can deliver $7 in non-GAAP earnings per share by 2014. Apotheker said his heart goes out to the people in Japan and HP&amp;'s employees and customers there. He said the company does a lot of business there and he was there a week ago. He said his people are safe and HP&amp;'s infrastructure there was not touched.&amp;''We are trying to assess the situation there now,&amp;'' he said.Next Story: HP will install both Windows and WebOS on same desktops in future Previous Story: So long Zune, thanks for all the tunesPrintEmailTwitterFacebookGoogle BuzzLinkedIn      DiggStumbleUponRedditDeliciousGoogleMore&amp;8230'          Companies: Hewlett Packard, HPPeople: Cathie Lesjak, Lo Apotheker          Companies: Hewlett Packard, HPPeople: Cathie Lesjak, Lo ApothekerDean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. Dean previously worked at the San Jose Mercury News, the Wall Street Journal, the Red Herring, the Los Angeles Times, the Orange County Register and the Dallas Times Herald. He is the author of two books, Opening the Xbox and the Xbox 360 Uncloaked. Follow him on Twitter at @deantak, and follow VentureBeat on Twitter at @venturebeat. Have news to share Launching a startup Email: tips@venturebeat.comVentureBeat has new weekly email newsletters.  Stay on top of the news, and don't miss a beat.<br/><br/>0 Vote(s) ]]></description>
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