CNBC News Releases

CNBC Excerpts: CNBC Exclusive: Hewlett-Packard CEO Meg Whitman Speaks with CNBC's "Squawk on the Street" Today

WHEN: Today, Wednesday, November 27th

WHERE: CNBC's "Squawk on the Street"

Following are excerpts from the unofficial transcript of a CNBC EXCLUSIVE interview with HP CEO Meg Whitman today on CNBC's "Squawk on the Street." Following is a link to the interview on

All references must be sourced to CNBC.


Well it is a pivotal year for HP and what we said at our security analyst meeting about 6 weeks ago is you should expect revenue to stabilize, probably not grow in 2014 but stabilize and you'll see real progress in terms of our innovation, our operational excellence and our ability to deliver great products for the customers. So it is an important year.


Well this is a big company with a lot of moving parts and we've got declining businesses, we've got businesses that are about flat and we have our growth businesses. And the question of revenue growth is really going to be how fast can we grow those growth businesses that really pivot to what I call the new style of IT where technology is going and then can we slow the decline of some of our legacy businesses.


EMEA, 41 percent of Hewlett Packard's revenue comes from Europe. This company got to Europe very early and it has been a great growth vehicle for many years. But Europe, still, we see a lot of weakness in the European economy. may be stabilizing a bit but that's a tough area. China is soft with the exception of networking for us. Our enterprising group had a good quarter in China including networking but China is soft. The United States seems to be stabilized but not taking off on a growth trajectory.


We think continuing to place units both in laser and in ink is going to be very much a part of 2014 and by the way our graphics business where we are captalizing on that trend from analog to digital in graphics. Indigo had a great quarter. So we're confident in our printing business going into 2014.


Well we think probably the better opportunity in 2014 is in the commercial PC business. We had a good quarter in our commercial business. People in companies still need to do work with workstations, desktops, laptops or hybrids. and we also see an opportunity in tablets in the commercial area as well.

About CNBC:

With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD , CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 390 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 16 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 8:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide.

CNBC also has a vast portfolio of digital products which deliver real-time financial market news and information across a variety of platforms. These include, the online destination for global business; CNBC PRO, the premium, integrated desktop/mobile service that provides real-time global market data and live access to CNBC global programming; and a suite of CNBC Mobile products including the CNBC Real-Time iPhone and iPad Apps.

Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at