No HP smartphone next year, says CEO Meg Whitman

But HP will need one within five years to avoid missing out on a big segment of the market, its CEO said

By , IDG News Service |  Hardware

It also offered a weak financial outlook for its next fiscal year, saying it expects earnings per share of US$3.40 to $3.60. That was well below the consensus estimate of $4.18 from analysts polled by Thomson Reuters.

HP's shares plummeted on the news, falling almost 13 percent to $14.91 at the close of Wednesday trading.

James Niccolai covers data centers and general technology news for IDG News Service. Follow James on Twitter at @jniccolai. James's e-mail address is james_niccolai@idg.com

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