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Hewlett-Packard Reports Worst-Ever Loss

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  • Description

    FBN's Lauren Simonetti on stocks impacting the afternoon markets.

  • Duration 1:05
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On top of the hour stocks every fifteen minutes -- and seven -- On the floor of the New York Stock Exchange -- and they need to lead the death.

Nader and Dennis and -- yes the Dow is down for -- days in a -- now the broader market down by about half of 1% so we're not at session lows but.

It's been a pretty down day.

All throughout the session -- Packard certainly the Biggest Loser on the Dow down more than 6% right now now look the company 73 years old and they posted their biggest loss.

-- and 73 years of nearly nine billion dollars in the quarter but analysts really don't like.

-- home that executives like Meg Whitman is CEO took on -- conference call.

Now the PC business is certainly under pressure.

PC sales that HP down 10% over the past year they're fighting with tablets they're fighting that Smartphones.

And a -- to prove that they're relevant and also.

-- on the windows operating system.

Three price comes up to over 26 so many customers who might wanna PC rather than a tablet.

Are probably waiting for that as -- -- big loser today.

-- -- -- -- All right Lauren thank you very.

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