HP and smartphones: A necessary risk?
Once upon a time, HP offered smartphones like the Palm Pre 2. That didn’t last long.
(Credit: CNET )
Hewlett-Packard is taking on a risky strategy to “aggressively attack” the smartphone and tablet market and risks damaging its balance sheet, said Jefferies analyst Peter Misek.
The larger question is whether HP can afford to stay out of the mobile fray in the name of profit margins.
In a research note, Misek said “we believe HP will aggressively attack the smartphone and tablet markets, which we believe are risky investments.”
After failing with its acquisition of Palm and…
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