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HP may have yet another problem: China

24
Nov
2013

By Poornima Gupta SAN FRANCISCO (Reuters) – Signs of rapidly worsening Chinese demand for IT giants IBM and Cisco Systems Inc are starting to spook Hewlett-Packard investors. HPs year-long stock rally sputtered last week amid fears a faster-than-anticipated slowdown in emerging markets, above all China, may dash the computing giants hopes for a return to growth in 2014 or beyond. Cisco has warned about crumbling Chinese demand. Both also reported weakness in other emerging markets as well, but it was China and concerns about sales declines in that market that has grabbed headlines.

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