Details of Hewlett-Packard patent portfolio
The IP portfolio Hewlett-Packard Company (NYSE:HPQ) sold to QUALCOMM includes 1,400 U.S. patents and pending patent applications and around 1,000 international patents and pending patent applications. Most of these patents relate to basic mobile operating system techniques, as well as a number of patents that Hewlett-Packard inherited when it bought Palm Inc. and Bitfone. Analysts are uncertain how many of thee patents have paying licensees or how much total licensing income Hewlett-Packard had been receiving from the portfolio.
The Street rates Hewlett-Packard as a C+
Equities research firm TheStreet rates HP as a C+ or Hold. TheStreet argues Hewlett-Packard Company (NYSE:HPQ)’s strengths include its excellent stock price performance, impressive earnings run, continuing growth in core sectors and stellar growth in net income. However, TheStreet also points to cutthroat competition in the industry, weak and falling profit margins in several key verticals and weak operating cash flow as major obstacles to be overcome by HP management.
TheStreet’s analysis concludes with a lukewarm Hold recommendation. “Powered by its strong earnings growth of 120.91% and other important driving factors, this stock has surged by 71.76% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock’s future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.”
Top value fund managers are ready for the small cap bear market to be done
During the bull market, small caps haven't been performing well, but some believe that could be about to change. Breach Inlet Founder and Portfolio Manager Chris Colvin and Gradient Investments President Michael Binger both expect small caps to take off. Q1 2020 hedge fund letters, conferences and more However, not everyone is convinced. BTIG strategist Read More