Monday, June 02, 2008

HP (NYSE HPQ) Drupa news and overall printing outlook

As covered in last week's post on the opening of Drupa (see "Hello Drupa"), the mammoth quadrennial commercial print show roars on through this week and into the next.

The Wall Street Journal had brief coverage on the inkjet emergence into this space (see "Inkjet Printers Get Set to Turn the Page"), and some the product offerings by individual vendors will be covered in this blog in coming days.

HP (NYSE HPQ) also had some guidance on their overall printing business to share from the site of the Düsseldorf, Germany show. While the company's May 20th earnings announcement and company discussion (see slides and analyst-call transcript) had little to say about IPG's (Imaging and Printing Group) results and outlook, despite at least some anticipation to the contrary (see "A little pressure on HP (NYSE HPQ) printer results"). IPG chief Vyomesh Joshi shared high-level strategy and prognoses in a Friday interview, including a 4%-6% annual revenue growth rate expected for FY2008 and FY2009, with margins of 14%-15% for FY2008 and 14.5%-15.5% for FY2009. (Note these margin estimates were corrected from original coverage.)

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