HP
HP
HP

Sterne Agee analyst Shaw Wu on Friday downgraded his recommendation of Hewlett-Packard to neutral, noting that the company is worthless and its stock should be valued at negative $2, Business Insider reported. The analyst called the company’s balance sheet “a mess” and said its was “fortunate the stock’s not zero.” Outside of HP’s problematic balance sheet, the company still faces a number of other issues that can not easily be fixed such as its lackluster mobile portfolio and dying printer business. Read the full story at Boy Genius Report.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications, co-founder of Metacademy, and the CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and CNBC and writes a popular daily business blog. He’s the Co-Host of the award-winning podcast Techstream with Shelly Palmer & Seth Everett and his latest book, Blockchain - Cryptocurrency, NFTs & Smart Contracts: An executive guide to the world of decentralized finance, is an Amazon #1 Bestseller. Follow @shellypalmer or visit shellypalmer.com.

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