HP Issues Statement Addressing Market Speculation
November 06 2019 - 4:52PM
HP Inc. (NYSE: HPQ) today issued the following statement:
“As reviewed at HP’s most recent Securities Analyst Meeting, we
have great confidence in our multi-year strategy and our ability to
position the company for continued success in an evolving industry,
particularly given the multiple levers available to drive value
creation.
Against this backdrop, we have had conversations with Xerox
Holdings Corporation (NYSE: XRX) from time to time about a
potential business combination. We have considered, among other
things, what would be required to merit a transaction. Most
recently, we received a proposal transmitted yesterday.
We have a record of taking action if there is a better path
forward and will continue to act with deliberation, discipline and
an eye towards what is in the best interest of all our
shareholders.”
Forward-Looking Statements
This news release contains forward-looking statements that
involve risks, uncertainties and assumptions. If the risks or
uncertainties ever materialize or the assumptions prove incorrect,
the results of HP and its consolidated subsidiaries may differ
materially from those expressed or implied by such forward-looking
statements and assumptions.
All statements other than statements of historical fact are
statements that could be deemed forward-looking statements, any
projections of the amount, timing or impact of cost savings or
restructuring and other charges; any statements of the plans,
strategies and objectives of management for future operations,
including, but not limited to, our sustainability goals, our
go-to-market strategy, the execution of restructuring plans and any
resulting cost savings, net revenue or profitability improvements;
any statements concerning the expected development, performance,
market share or competitive performance relating to products or
services; any statements regarding current or future macroeconomic
trends or events and the impact of those trends and events on HP
and its financial performance; any statements regarding pending
investigations, claims or disputes; any statements of expectation
or belief, including with respect to the timing and expected
benefits of acquisitions and other business combination and
investment transactions; and any statements of assumptions
underlying any of the foregoing.
Risks, uncertainties and assumptions include the need to address
the many challenges facing HP’s businesses; the competitive
pressures faced by HP’s businesses; risks associated with executing
HP’s strategy and business model changes; successfully innovating,
developing and executing HP’s go-to-market strategy, including
online, omnichannel and contractual sales, in an evolving
distribution and reseller landscape; successfully competing
and maintaining the value proposition of HP’s products, including
supplies; the impact of macroeconomic and geopolitical trends and
events; the need to manage third-party suppliers, manage HP’s
global, multi-tier distribution network, limit potential misuse of
pricing programs by HP’s channel partners, adapt to new or changing
marketplaces and effectively deliver HP’s services; challenges to
HP’s ability to accurately forecast inventories, demand and
pricing, which may be due to HP’s multi-tiered channel, sales of
HP’s products to unauthorized resellers or unauthorized resale of
HP’s products; the protection of HP’s intellectual property assets,
including intellectual property licensed from third parties; risks
associated with HP’s international operations; the development and
transition of new products and services and the enhancement of
existing products and services to meet customer needs and respond
to emerging technological trends; the execution and performance of
contracts by HP and its suppliers, customers, clients and partners;
the hiring and retention of key employees; integration and other
risks associated with business combination and investment
transactions; the results of the restructuring plans, including
estimates and assumptions related to the cost (including any
possible disruption of HP’s business) and the anticipated benefits
of the restructuring plans; the impact of changes in tax laws,
including uncertainties related to the interpretation and
application of the Tax Cuts and Jobs Act of 2017 on HP's tax
obligations and effective tax rate; the resolution of pending
investigations, claims and disputes; and other risks that are
described in HP’s Annual Report on Form 10-K for the fiscal year
ended October 31, 2018, and HP’s other filings with the Securities
and Exchange Commission.
HP assumes no obligation and does not intend to update these
forward-looking statements. HP’s Investor Relations website
at http://investor.hp.com contains a significant amount
of information about HP, including financial and other information
for investors. HP encourages investors to visit its website from
time to time, as information is updated, and new information is
posted.
About HP
Inc. HP Inc. (NYSE: HPQ)
creates technology that makes life better for everyone, everywhere.
Through our product and service portfolio of personal systems,
printers and 3D printing solutions, we engineer experiences that
amaze. More information about HP Inc. is available at
www.hp.com.
Editorial contacts
HP Inc. Media
RelationsMediaRelations@hp.com
HP Inc. Investor
RelationsInvestorRelations@hp.com
HP (NYSE:HPQ)
Historical Stock Chart
From Sep 2024 to Oct 2024
HP (NYSE:HPQ)
Historical Stock Chart
From Oct 2023 to Oct 2024