HP Shares Soar After Solid 4Q Outlook

HP is reaping the benefits of diversity.  The Palo Alto tech giant sees a solid 4Q and expects to beat the street’s initial estimates.  Network gear maker Cisco and chip leader Intel have both announced gloomy forecasts in recent weeks but with a broad, diverse product mix and some recent acquisitions — not to mention some serious preventative cost-cutting — H-P looks like it may be able to weather the economic storm a bit better than other tech companies.