Hewlett-Packard Sees Strong 2011 Forecast

Tech giant Hewlett-Packard HPQ held an investors meeting Tuesday afternoon, during which it offered a bullish 2011 forecast. The company now sees full-year 2011 profit to be in the range of $5.05 to $5.15, better than the $4.99 that analysts had previously forecast for the year. Revenues are expected to be in a range of $131.5 billion to $133.5 billion, which is also higher than analyst forecasts for $131.4 billion. One thing that the world's largest computer maker has yet to address is the company's lack of a CEO, a position left open after Mark Hurd resigned in August after an internal investigation uncovered some expense account irregularities and sexual harassment charges. After leaving Hewlett-Packard, Hurd took a position as co-president at rival Oracle ORCL. Continue reading the article.