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HEWLETT ENTERS 1989 WITH HIGH HOPES

Despite widespread nervousness about the computer industry in what are likely to be deteriorating economic conditions next year, over in Cupertino, California, Hewlett-Packard Co remains thoroughly optimisticm with the company’s president and chief executive John Young telling securities analysts that he expects 1989 to be another good year for Hewlett – barring any major erosion of the general economy. Our product programme is the strongest it’s ever been, and we’ve made some adjustments recently in our computer organisation to improve our focus, he told the analysts, adding that the company still expected a favourable economic climate next year – although we’ll be watching closely during the year for signs of change, he added. Announcing those price increases in February on the line (CI No 1,080) the company said that orders for the HP3000 business models of the Spectrum RISC family accelerated in October, and have remained strong in the first month of its fiscal 1989.

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CBR Staff Writer

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