HP's second quarter earnings...

GigaOm reports that HP has to release information about its second quarter earnings one week earlier due to some internal mess-up. It was better than market expectations anyway but what caught my attention was these statements -

H-P’s announcement rolled across Business Wire’s feed at 8:45 a.m., EST

...snip...

By 8:46, the stock had shot up 2.7% to $44.92 a share. That’s not a
huge percentage gain per se, but for a stock as large as H-P’s, it
meant $3.2 billion injected into its market cap in one minute.


Lets read it as - Three point two billion per minute!! Very interesting indeed. I now understand what they mean by "eyes popped out!"

~mks

Comments

Popular posts from this blog

Search Travel in India - 90DI.com

Random thoughts - Kingfisher earphones, pens...

Shivanasamudram and Somanathpur trip...