Wave Systems Corp. (fka WAVXQ)

[Snackman]

H-P's Profit Rises 6.1%, While Dell's Climbs 15%

AUGUST 19, 2010, 7:27 P.M. ET

As it grapples with the vacancy left by the abrupt exit of Chief Executive Mark Hurd, Hewlett-Packard Co. said it is sticking with its strategy of becoming a one-stop technology provider and it sees no reason a new CEO would alter that plan.

The comments Thursday came as H-P posted an 11% revenue jump and a 6% profit increase for its fiscal third quarter, which ended July 31. The Palo Alto, Calif., technology giant also raised its full-year outlook, tamping down concerns that tech demand is slowing.