Hewlett Packard head is upbeat

Hewlett Packard chief executive Meg Whitman expects revenue to stabilize in 2014 with “pockets of growth” before the business accelerates again in 2015, sending the stock up as much as 9.5 per cent yesterday. HP’s shares were up about 8.6 per cent at $22.53 yesterday. That is still down from $25.38 in mid-August, just before Whitman delivered her warning. “Fiscal 2014 will be a pivotal year,” she told analysts. “In fiscal 2015, you can still expect to see acceleration.”