By Tiernan Ray
Shares of Hewlett-Packard (HPQ) are off ten cents at $39.65 following the organization final night time announced its head of enterprise product sales and advertising and marketing,
microsoft Office 2010 Serial, Thomas Hogan, is leaving to pursue other opportunities following five years on the firm.
This early morning, the HP bulls are evidently sad with the improvement,
Office 2007 Professional Plus, though diverse analysts see distinct degrees of severity for the matter.
RBC Money Markets’s Amit Daryanani this morning reiterates an Outperform rating on the shares and a $56 price target, writing that Hogan’s departure “may reignite investor concerns about management attrition at HP given the CEO transition,” but that, “we don’t believe that HP’s fundamental ability to continue building its sales force, especially on the specialist side, or its ability to attack the total addressable market,
Office 2007 Activation, is impacted by this.”
Keith Bachman with BMO Capital is less sanguine. Hogan was probably one of the candidates for the CEO spot at HP before Leo Apotheker took over previous fall, and so this is mostly about Hogan being unfulfilled at HP,
Windows 7 Professional, he believes. Still,
Microsoft Office 2007 Product Key, 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, and Tom had been helpful in driving results,” Bachman writes. “Nevertheless, we think Tom was an effective leader, and thus, his resignation does not reflect well on HPQ. Hence, our quick take is negative.”
Bachman, nevertheless, reiterates an Outperform rating on HP shares and a $51 price target.