Hi all,

FYI...see link.

Take care,


October 5, 2011
JP Morgan Restarts HP; Cautious on Big Challenges


(Reuters) - Hewlett-Packard Co could face a troubled turnaround, with tough challenges that could result in underwhelming revenue and earnings growth, JP Morgan said, resuming coverage of the Silicon Valley company with an "underweight" rating.

HP is likely to underperform its peers as it undergoes a leadership transition, and the broader economy affects an overhaul of its businesses, JP Morgan analysts, led by Mark Moskowitz, wrote in a client note.

In August, HP stunned Wall Street by dropping its new TouchPad tablet device and saying it may spin off the world's largest personal computer business.