Tech Stock Update: Hewlett-Packard Co. (NYSE:HPQ), Intel Corp. (NASDAQ:INTC), IBM (NYSE:IBM)
It’s earnings season, and several IT stocks will see some changes today. The following listed companies should see some movement: Hewlett-Packard Co. (NYSE:HPQ), Intel Corp. (NASDAQ:INTC) and IBM (NYSE:IBM).
Here is a more detailed look at stories affecting the firms’ stock prices.
Hewlett-Packard Co. (NYSE:HPQ)
A $2 billion contract has recently been signed between Hewlett-Packard Co. (NYSE:HPQ) and General Motors. The announcement on Wednesday stated that the IT infrastructure of GM will continue to be managed by Hewlett-Packard Co. (NYSE:HPQ), and that the deal had been renewed a year before its expiration.
The two companies have worked side-by-side for the last 25 years.
Intel Corp. (NASDAQ:INTC)
There has been a two-week extension to the deadline that the Federal Trade Commission had previously set for them to determine whether the chipmaker had used its market dominance to harm its competitors’ chances.
The deadline the FTC has changed from 12:01 a.m. on July 23 to 12:01 a.m. on Friday, August 6.
IBM (NYSE:IBM)
There seems to have been a concentration of responsibility in the different management positions at IBM (NYSE:IBM), with 36 year veteran Steven Mills becoming Senior VP and Group Executive for both hardware and software.
This power us due to the lessening importance at IBM (NYSE:IBM) for hardware sales, and the increase in service and support.
There will probably be more movement as the stock markets continue for Hewlett-Packard Co. (NYSE:HPQ), Intel Corp. (NASDAQ:INTC) and IBM (NYSE:IBM).


