HP's new chief has led major company changes, and sales are expected to rise. But PC shipments are falling amid a chip shortage, and expected profit per share drops, making the news unfavorable for HP.
Walmsley has led large companies through major changes, and HP says it wants to use AI to find new growth. But she has no hardware background. A memory-chip shortage is already hurting PC shipments, and HP expects PC sales by unit across the industry to fall. Higher expected sales dollars do not erase the expected drop in profit per share.
GSK's former chief has been chosen to lead HP, but the story reports no new change to GSK's business or results. It does not change GSK's outlook.
Walmsley served on Microsoft's board for 7 years, but the story reports no new change to Microsoft or its results. It does not change Microsoft's outlook.
Dell is named among PC makers facing falling shipments from a global memory-chip shortage. That pressure is unfavorable for its business.
Apple is named among PC makers facing falling shipments from a global memory-chip shortage. That pressure is unfavorable for its business.
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