Tech
US Report: H-P warns of Q3 shortfall
<P>
![larry-barrett-author.jpg](https://www.zdnet.com/a/img/resize/dd11201e8f6155e13fb300e55a68d536ffa4a553/2014/01/07/db91f091-1174-11e4-9732-00505685119a/larry-barrett-author.jpg?auto=webp&fit=crop&frame=1&height=192&width=192)
H-P shares hit a 52-week high of 82 3/8 in May before plunging to a low of 56 in late June. Fourteen of the 24 institutional investment firms following the stock maintain either a "buy" or "strong buy" recommendation.
In an unrelated announcement, H-P said it had approved an increase in the authorisation for the systematic share-repurchase program of $1bn (0.61bn). About $500m (£304m) remains from earlier authorisations for the repurchase program.
It also announced a new authorisation of $2bn (1.21bn) for the repurchase of H-P common stock in the open market or in private transactions.