Conclusion

HP's goal to enter 3D printing without making an acquisition will please conservative investors. Past acquisitions for the sake of growth proved costly.

The company's acquisition of Autonomy is an example of an expensive purchase, but 3PAR is finally showing good results. 3PAR grew 64% year-over year. Many 3D printing companies are already too large to be considered for acquisition. 3D Systems has a market cap of $7.7 billion, while Stratsys has a market cap of $4.94 billion. 

The balance sheet for HP is improving, and will give the company more room in future spending. Debt dropped by over $5.5 billion this fiscal year. As HP reduces its debt burden in the quarters ahead, the company may be in a better position to boost R&D spending for 3D printing development. 

 

(Written by Chris Lau, a Kapitall Contributor. All data sourced from Zacks Invesment Research.)

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