HP posts 3Q profit jump; faces stiff competition

August 19, 2008 HP posts 3Q profit jump; faces stiff competition (AP)

Hewlett Packard laptops on display at Best Buy in Mountain View, Calif., Friday, Aug. 15, 2008. Hewlett-Packard Co. says its third-quarter profit jumped 14 percent, beating Wall Street's expectations Tuesday, Aug. 19, 2008. Strong laptop sales and a robust international presence continue to lift the technology bellwether. (AP Photo/Paul Sakuma)

(AP) -- Hewlett-Packard Co. weathered economic turbulence remarkably well in the fiscal third quarter but the technology bellwether faces another big challenge - stiffer personal-computer competition - that threatens to slow its steady growth.

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