Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, June 2, 2017

Article Excerpt

HEWLETT-PACKARD ENTERPRISE CO., $17.40, New York symbol HPE, sells computing services and products, such as servers and analytics software, to businesses and governments. In April 2017, the company merged its Enterprise Services business with Computer Sciences Corp. (New York symbol CSC). Enterprise Services supplied 36% of HP Enterprise’s total revenue; it helps corporate clients manage their data centres and computer networks. Computer Sciences Corp., through its 66,000 employees in 60 countries, provides information technology and other services mostly to corporate clients. Under the terms of the deal, HP Enterprise shareholders received 0.086 of a share in the combined company, DXC Technology Co. (New York symbol DXC), for each HPE share they held. As a group, they now own 50.1% of DXC. As well, HP Enterprise received a $3.0 billion cash payment. If you disregard costs related to that transaction and other unusual items, HP Enterprise earned $587 million in the three months ended April 30, 2017. That’s a drop of 19.7% from $731 million a..

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