The LS-15 AC power cord included in the recall shipped with numerous HP and Compaq laptops as well as accessories including docking stations. Devices with the recalled power cord were sold from September 2010 through June 2012. "Customers should immediately stop using and unplug the recalled power cords and contact Hewlett-Packard to order a free replacement," the U.S. Consumer Product Safety Commission said in a statement.
Shares of HP were gaining 1.8% to $37.82.
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TheStreet Ratings team rates HEWLETT-PACKARD CO as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate HEWLETT-PACKARD CO (HPQ) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: