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21 September 2017 16:11 (South Africa)

HP deals with recession with aplomb

  • Branko Brkic
    branko3048 a ray
    Branko Brkic

    Brkic is the founder and editor of The Daily Maverick.

    He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.

    Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.

    Recent columns:

Hewlett-Packard, the world’s largest maker of computers and a bellwether stock for the IT industry, has reported classic “is the glass half-full or half-empty” results : profits were up 18%, but this disguises the fact that sales were down. The reason for the anomaly is that aggressive job-cuts and acquisitions boosted the company’s results for the three months to the end of September. Profit came in at $2,3 billion from $2,1 billion a year ago, and revenue was down 8% quarter on quarter. The company cut 6,700 jobs this year. HP, which bought Electronic Data Systems, for roughly $20 billion last year, remains on the acquisitions trail, and hopes to complete its $2,7 billion purchase of 3Com early next year. Read more: BBC News

  • Branko Brkic
    branko3048 a ray
    Branko Brkic

    Brkic is the founder and editor of The Daily Maverick.

    He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.

    Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.

    Recent columns:

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