Welcome to our dedicated page for HP news (Ticker: HPQ), a resource for investors and traders seeking the latest updates and insights on HP stock.
HP Inc. (HPQ) reports developments across its personal systems and printing businesses, with recurring updates on fiscal results, commercial PCs, workstations, printers, gaming hardware, workplace software, and security capabilities. The company’s news frequently covers AI-enabled HP EliteBook, ProBook, EliteDesk, and HP Z devices, LaserJet products, HP Wolf Security and TPM Guard protections, and enterprise management through the HP Workforce Experience Platform.
Product announcements also include HyperX and OMEN gaming desktops, controllers, headsets, software, and performance-tuning tools. Financial news centers on earnings releases, capital returns, operating performance, and governance changes tied to HP’s global PC and printing operations.
HP Inc. (NYSE: HPQ) released a report revealing that cybercrime is on the rise, fueled by affordable malware and a collaborative landscape among cybercriminals. Conducted with Forensic Pathways, the investigation analyzed over 35 million dark web posts. Key findings include that 76% of malware costs less than $10, and the average price for compromised Remote Desktop credentials is $5. The report emphasizes the importance of trust among cybercriminals, detailing practices such as vendor bonds and escrow payments, thereby highlighting the urgent need for businesses to bolster their cybersecurity measures.
On July 20, 2022, First Lady of Ukraine Olena Zelenska received a $30 million technology donation from HP Inc. at the Ukraine House in Washington, D.C. This initiative aims to provide computers and learning materials to support Ukrainian students and educators affected by the ongoing conflict. HP, in collaboration with the Global Business Coalition for Education, will distribute the computers primarily to displaced civilians and refugees. The company also emphasizes its commitment to digital equity and education, having already contributed over $3 million in additional support for Ukrainian refugees.
HP Inc. (NYSE: HPQ) has received necessary consents for amendments to Plantronics, Inc.'s outstanding Poly Notes in connection with its Exchange Offer. As of July 18, 2022, $490,506,000 in Poly Notes were tendered, allowing holders to receive HP Notes along with a Consent Payment totaling $8,000,000. The Exchange Offer, set to expire on August 1, 2022, is contingent on the completion of HP's acquisition of Poly. The terms have been amended to incentivize holders to participate and ensure an efficient settlement process.
HP Inc. has launched the HP LaserJet Managed E800/E700 series, a new portfolio of multi-function printers designed for the modern hybrid workforce. According to a Morning Consult survey, 57% of office workers miss their office printer more than other workplace perks. The new printers focus on productivity, offering features like 70ppm printing, 300 ipm duplex scanning, and enhanced security with HP Wolf Enterprise Security. Availability is set for August 1 in North America and October in select European countries.
HP Inc. (NYSE: HPQ) announced an extension of its private exchange offer for outstanding Poly Notes from Plantronics, Inc. The offer allows eligible holders to exchange up to $500 million in notes for new HP notes and cash. The new deadlines extend the Early Participation Date and Consent Revocation Deadline to July 18, 2022, and the Expiration Date to August 1, 2022. HP anticipates strong participation from Poly Notes holders. Detailed terms are available in the Offering Memorandum and Consent Solicitation Statement. This press release does not constitute an offer to sell or purchase any security.
HP Inc. (NYSE: HPQ) has amended and extended its private exchange offer for outstanding notes from Plantronics, Inc. (NYSE: POLY) valued at up to $500 million. Key dates include the extension of the Early Participation Date and Consent Revocation Deadline to July 14, 2022, and the Expiration Date to July 28, 2022. HP has increased the consent payment to $8 million, potentially benefiting holders of Poly Notes with a payment ranging from $16 to $32 per $1,000 depending on participation. This offer is contingent on HP's acquisition of Poly, expected by end of 2022, subject to customary conditions.
HP Inc. (NYSE: HPQ) has initiated a private exchange offer for up to $500 million in outstanding notes issued by Plantronics, Inc. (NYSE: POLY), as part of its acquisition strategy. This follows a March 2022 agreement to acquire Poly for $3.3 billion. The exchange offer includes a consent solicitation to amend the existing indenture for Poly Notes, which would eliminate certain covenants and obligations. The exchange offer will expire on July 25, 2022, unless extended. This move reflects HP's intent to streamline its debt and facilitate the successful completion of the acquisition.
HP Inc. has declared a cash dividend of $0.25 per share on its common stock, marking the fourth dividend of fiscal year 2022. This dividend is payable on October 5, 2022, to stockholders who are on record as of the close of business on September 14, 2022. With approximately 1.0 billion shares of common stock outstanding, this distribution reflects HP's commitment to returning value to its shareholders while supporting its technology portfolio.
HP Inc. (NYSE: HPQ) has announced a public offering of $2.0 billion in senior unsecured notes. This includes $900 million in 4.750% notes maturing in 2028 and $1.1 billion in 5.500% notes maturing in 2033. The proceeds will be used to finance the upcoming acquisition of Plantronics, Inc. (Poly), repay Poly's existing term loan, and cover related fees. If the acquisition is not completed by June 26, 2023, the notes will be mandatorily redeemed. The offering is expected to close on June 21, 2022, pending customary conditions.
HP reported fiscal 2022 second quarter earnings with a GAAP diluted EPS of $0.94, slightly below the forecast of $0.95-$1.01, and a non-GAAP diluted EPS of $1.08, at the high end of expectations. Net revenue reached $16.5 billion, up 3.9% year-over-year. However, GAAP net earnings fell by 19% to $1.0 billion. The company returned $1.3 billion to shareholders through buybacks and dividends. For Q3, HP anticipates GAAP diluted EPS of $0.91-$0.96 and raises its full-year non-GAAP outlook to $4.24-$4.38.