HP 3Q Profit Drops 19% Aug 19, 2009

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Hewlett-Packard Co.'s profit dropped 19% in 3Q 2009. The company reported that consumer spending on PCs is improving, and business in China was particularly good.

Sales in HP's PC business eroded 18% in the three months ended July 31. Sales fell 2% to US$27.45 billion. Revenue from printing supplies was down 13%.

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