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Packard reporting earnings after the bell today in the company's expected to post -- lots.
Per -- mostly due to slowing sales and PCs and printers.
For more now on HP -- -- -- Jayson Noland senior analyst at Robert W Baird.
Great to have you on Jason for a little preview right took a look at your note -- unfortunately there wasn't a lot to be enthused about.
Margin pressure revenue declines across the business lower forecasts give me something to be optimistic about as we head into the close in -- -- Harris.
-- -- okay thanks to Bonnie.
Well -- you know things can't get much worse for HPV and in the industry does seem to be getting better say you've got easy comps and picked up pent up demand so.
As the economy gets better globally HP should participate in some of that strength.
All right so what's a timeframe though because we've been expecting this to happen once Meg Whitman -- over it is slow in to coming into fruition so what is your lens Italian.
Terms of timeframe.
It's going to take years really for HP to turn around about half of the business by operating profit is exposed.
Areas that are in secular decline in PC market in the pre market.
They're not going away but there are they are declining.
And in other areas of HP's business that are more enterprise focused.
-- does not showing the synergies that you'd hope from a company this large so it's gonna take her a long time turner on this company there's over a hundred billion dollars in revenue there.
And that that doesn't happen over night.
OK so many askew is this company better -- to add doing all of this reorganization under.
-- -- -- price -- environment vs staying in a public icon view Compuware.
Just announced that they are possibly exploring a sale of course we have the Dell news.
What are your thoughts on that.
-- it's a fair question and HP is a lot.
Bigger than those firms so would be much harder for private equity firms to take HP -- your -- is it is reasonable.
It it certainly is so.
You know I would like to see HP try to succeed as they are to data shows synergies across these.
Despair and business units but that's certainly -- an option for -- down the road.
All right so what pieces of the business do you think need to be front and center in terms of this turnaround I mean even -- all of them but -- I'd like you name of one or two more specifically.
Sure is an area that we're most focused on that HP -- -- enterprise group where it networking storage server.
And infrastructure software come together that's the area where there is a secular tail when there's a big change going on right now -- cloud computing.
Data centers are getting bigger and more dense HP has more -- then.
Most companies in the world arguably of them the most -- of any company in -- But they're not integrating this technology is well while they're not innovating well as a large company.
We'd like to see extra focus in the enterprise group specifically.
Large task at hand from Meg Whitman and code Jason Allen thanks very much for being with us today.
And of course state.