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By Tiernan Ray
Shares of Hewlett-Packard (HPQ) are off ten cents at $39.65 after the organization previous evening announced its head of enterprise sales and marketing, Thomas Hogan, is leaving to go after other possibilities right after 5 decades with the firm.
This early morning, the HP bulls are plainly sad using the improvement, though different analysts see distinct degrees of severity for the make a difference.
RBC Cash Markets’s Amit Daryanani this morning reiterates an Outperform rating on the shares and a $56 price target,Windows 7 Sale, writing that Hogan’s departure “may reignite investor concerns about management attrition at HP given the CEO transition,” but that,Windows 7 X64, “we don’t believe that HP’s fundamental ability to continue building its revenue force, especially on the specialist side, or its ability to attack the total addressable market, is impacted by this.”
Keith Bachman with BMO Funds is less sanguine. Hogan was probably one of the candidates for the CEO spot at HP before Leo Apotheker took over last fall, and so this is mostly about Hogan being unfulfilled at HP, he believes. Still, Hogan was important to HP’s efforts: “Given concerns about PC and printer sustainable rev growth, we believe that the Enterprise division is very important for HP results over the next few many years,Cheap Windows 7 Starter, and Tom had been helpful in driving results,” Bachman writes. “Nevertheless, we think Tom was an effective leader,Office 2007 Ultimate Key,Windows 7 Home Basic Key How to Upgrade Memory in a Netbook eHow.com, and thus, his resignation does not reflect well on HPQ. Hence,Windows 7 Ultimate Product Key, our quick take is negative.”
Bachman, nevertheless, reiterates an Outperform rating on HP shares and a $51 price target.