HP Earnings Call Reveals Tablet Plans

Hewlett-Packard has revealed its plan to develop its own Tablet from conference call when reporting its earnings for this year. This slate is expected to make a mark in Tablet market, once it is ready for release. It has been stayed for execution and is awaiting customer evaluation. It is a window based tablet. This 8.9” HP Slate 500-1002tu is listed in the website of HP. Operating system being used is Windows 7 Premium. Once it clears customer evaluations, it will surely advance to next stage and will be readied for sale. Microsoft had demonstrated this tablet some time in January and by April, the pricing information was leaked. All the while, release was still in doubts and nothing was clear.

Tablet from HP was still clouded in confusion, because according to AllThingsD Tablet project has been in doubts relating choice of OS. Since HP company has also applied for PalmPad trademark, one can be sure that this tablet has a web based OS. This HP slate is supposed to be a multitouch, with 1.6 Ghz processor from Intel. It runs on windows, which is not a perfect OS for such touch screen oriented small device. If they churn out a fast Web OS based Tablet, it might be having an audience in 14 percent populace of the U.S. In this conference call for reporting company’s growth rate in earnings and revenues, HP has finally revealed its plan to develop a Tablet and use a Web based OS after it purchased Palm.

Earning details will only establish the fact that HP has slowly made a mark in the market for Consumer and Commercial based PC business. Net earnings for Hewlett-Packard is reported to be $1.8 billion, a little more than previous years at $1.7 billion. Revenue was reported to amount to $30.7 billion, which is 11 percent higher than previous year. Dell is reported to have incurred losses in consumer PC product business. HP on the other hand has a 17 percent increase in revenue from PC business amounting to $9.9 billion. An increase of about 12 percent was found for unit shipments.

Revenue earned from Notebooks was also more by 10 percent. Earnings from Desktop showed an increase of 27 percent. Client revenue for Commercial and Consumer related products was also higher at 25 percent and 12 percent respectively.

Printing revenue also had growth characteristics of about 9 percent at $6.2 billion. Printer shipment revenue also rose by 16 percent. Commercial printer unit shipment was up by 44 percent, with 28 percent growth in revenue. Regarding consumer printer shipments increased by 9 percent, with revenue increase at 4 percent. Overall reports are favoring the release of this products as HP has proved its mettle with their best infrastructure.

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