Hewlett-Packard (HPQ) and Google Halt Chromebook 11 Sales

Shares of the Hewlett-Packard Company (HPQ) dropped -1.42 or -5.36 percent on Thursday after news that the company, along with partner Google (GOOG) had suspended sales of their new Chromebook 11 laptop. The halt on sales of the laptop arose after complaints from customers of overheating of the unitâ s battery charger.

The Chromebook 11 is the most recent product released by the two companies; the laptop was put on sale a month ago and priced at $279. According to Amazon.com (AMZN), the Chromebook 11 was number four on their list of bestsellers in the laptop category.
Palo Alto, California based Hewlett-Packard Company is a global information technology company providing hardware and software products to businesses and consumers. Hewlett approached Google to manufacture the Chromebook 11 after seeing Googleâ s Pixel model, which Google produced on its own. The Chromebook differs from other laptops in that its Google Chrome operating system is heavily reliant on Internet connections for running Gmail and other online services. Also, many applications can be run directly off the Internet from Googleâ s servers, which will save users from getting expensive software such as Adobe Photoshop for example. After receiving eight reports of overheating, of which some mentioned the charger melting but no fires, Hewlett and Google suspended sales of the product at the Google Play Store, Best Buy Co. (BBY) and Amazon.com Inc. along with other outlets. Google issued a statement on their blog posting, â

Published on Nov 15, 2013
By Jay Hawk
Jay Hawk
Jay Hawk enjoyed a 12-year professional financial markets career incorporating extensive first hand futures and options experience obtained by trading in the stock, commodity and forex markets on U.S. exchanges. Since retiring as a full-time financial market professional, he has been actively trading stock, commodities, forex and options for his own account and managing funds for others, as well as writing financial market commentary and educational articles.

Copyrighted 2016. Content published with author's permission.

Posted in ...