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Hewlett Packard profit slips

Computer maker Hewlett-Packard yesterday report a 19 per cent fall in quarterly profit due to weak demand. The world's top PC maker said that net profit totalled $1.64bn (£1bn) in the three months ended 31 July, down from $2.03bn in the same quarter a year ago. It cautioned it expects revenue to decline between four per cent and five per cent.