That explains why operating profits improved for PCs, even as revenues were down, he said.
Bartels said the underlying business growth at HP may not be as strong as it seems but was helped by its purchase of 3Com last year. HP reported 30% growth in routing and switching, but overall business spending on technology is declining, he said.
IDC said the worldwide PC market continued to slow in the fourth quarter of 2010 due to the economy and media tablets. Global PC shipments rose "only a modest 2.7% year-on-year" in the last quarter.
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