HP Investors Sell On The News
Strong results and positive comments from analysts weren't enough for HP
HP beat and raised revenue estimates, but in-line earnings of 35 cents were all investors needed to take profits.
About the only negatives in the report were lackluster printer sales - a concern because of Dell's entry into the space - and a decline in service margins.
The broader market fell on a larger than expected rise in the consumer price index - a rare sign of inflation - and concerns about terrorism in Japan.
BEA
Serena
Dell
Earthlink
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, which declined 3% Friday on its earnings report.
gained 8% after beating estimates, and Blue Coat Systems
surged 21% on its earnings.
declined 3% on its results, while Wireless Facilities
plunged 15% on a warning.
edged higher on an aggressive enterprise strategy.
gained 1% on broadband plans.