HP discusses corporate positioning, 2010 forecast

HP on Thursday at its Securities Analyst Meeting addressed how it is positioned to grow and expand in the global IT market. Citing its broad product and service portfolio, HP expects to increase market share and extend its reach into higher margin markets. The fiscal 2010 forecasts calls for revenue of approximately $117 billion to $118 billion, GAAP diluted earnings per share (EPS) in the range of $3.60 to $3.70 and non-GAAP diluted EPS in the range of $4.20 to $4.30. Looking forward, HP sees significant opportunities to invest in innovation and sales to expand its portfolio and market coverage.