HP posts 3Q profit jump; faces stiff competition

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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 Streets expectations Tuesday Aug. 19 2008. Strong laptop sales and a robust i ...
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)
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(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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