Hewlett-Packard had a large, large free cash flow impact in the first two quarters and specifically the first quarter. The company did pause their buybacks because one of the return propositions to shareholders was reinvesting this additional cash flow into share repurchases. HPQ gets still 46% of its revenue from personal systems commercial division. But hey, at the moment, the 3.4 dividend yields at 31 euro, a PE of a current price awareness of 11 and a half is not cheap.

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