Tuesday, September 10, 2013

HP to be dropped from Dow Jones Industrial Average September 20th

In a sign that the computer manufacturer continues to struggle, Dow Jones has announced that HP will be dropped from its list of major US manufacturers, namely due to underperforming stock.

Over the years, HP has struggled to gain a higher share of the computer manufacturing market and branch out from manufacturing printers. In 2001, HP merged with Compaq to acquire a larger share of the PC and camera market. At the time, HP founder Walter Hewlett was reluctant on the merger as he saw then that PCs were a marginally profitable product.

Today, the PC division of HP has the lowest margin of their manufacturing line.

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