H-P Weeds Out Assets and 3 Hot Stocks Demanding Attention
Hewlett-Packard Co (NYSE:HPQ) has stated in its 10-K filing of December 27 is that it was evaluating the potential disposition of assets and businesses that may no longer help meet their objectives. The company also warned that achievement of its strategic objectives could be delayed if it encountered difficulty in finding buyers or alternative exit strategies on acceptable terms in a timely manner. Some 14 months ago, CEO Meg Whitman had announced there were no plans to spin off the personal computer division. A botched acquisition of software provider Autonomy Corp, which resulted in an $8.8 billion write-down, has led to investors demanding the company shed non-performing businesses.
According to a Form 8K filing, Acacia Research Corporation (NASDAQ:ACTG) subsidiary Mobile Enhancement Solutions LLC has entered into an agreement that resolves its dispute with Apple Inc (NASDAQ:AAPL) that was pending in the United States District Court for the Northern District of Texas.
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According to the Wall Street Journal, Time Warner Cable (NYSE:TWC) has agreed to continue carrying certain low- rated TV channels it had threatened to drop by December 31, at least temporarily. Channels such as AMC Networks’ (AMCX) owned IFC and WE tv get a breather along with the Hallmark Channel, owned by Crown Media Holdings Inc (NASDAQ:CRWN), though the independently owned Ovation channel was not so lucky.
In another last-minute deal, Viacom (NYSE:VIAB) agreed with Cablevision Systems Corp (NYSE:CVC) to keep its MTV, Nickelodeon and Comedy Central channels on the latter’s line-up. Rising costs of programming are forcing cable operators to pick those channels that have better viewership.
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