Computer and printer giant Hewlett-Packard has become the latest high profile high tech company to issue a profit warning. The company is blaming the tough economic environment and weaker than expected demand from both personal and business customers.
The group said earnings per share for the first quarter ending this month would now be between US 35 and 40 cents, down from previous forecasts of 42 cents.
In November, Hewlett Packard announced that it was comfortable with the consensus forecast which then stood at 44 cents per share, despite having stunned the market by admitting that full year profits had come under predictions by almost 20%.
The company employs 1,500 people in its Leixlip plant here.
