HP likely to add 5,000 jobs; Won't spin off printer division

From: Keith Parris (keithparris_NOSPAM_at_yahoo.com)
Date: 06/15/04 

Date: 15 Jun 2004 09:19:17 -0700

The Oakland Tribune reports at:
http://www.oaklandtribune.com/Stories/0,1413,82~10834~2204011,00.html 

---
HP plans to add 5,000 workers 
By Bloomberg News
Hewlett-Packard Co., the world's second-largest computer maker, may
add at least 5,000 workers globally in the next year as demand rises
for its printers, computers and services, Chief Executive Carly
Fiorina said.
"Net-net, we are adding jobs," Fiorina, 49, said in a television
interview.
...
The company will increase profit per share more than 20 percent this
year and for the next "couple years," Fiorina told analysts Tuesday.
... 
Fiorina repeated a forecast for sales growth in the "high single
digits," exceeding what she called industry growth of 5 percent to 6
percent.
...
The company will remain intact and Hewlett-Packard isn't considering
spinning off its printing and imaging division, which last quarter
produced 69 percent of the company's profit and 30 percent of sales.
Merrill Lynch & Co. analyst Steven Milunovich said this week
Hewlett-Packard should break up the company to separate the printing
division. The idea is "absurd," Fiorina said in the interview.
"We looked at that five years ago, we looked at it three years ago,"
Fiorina said. "It isn't the right thing for this business."

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