HP 2011 Annual Report Download - page 159

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 19: Segment Information (Continued)
financial asset management services, for large global and enterprise customers. HPFS also
provides an array of specialized financial services to SMBs and educational and governmental
entities. HPFS offers innovative, customized and flexible alternatives to balance unique customer
cash flow, technology obsolescence and capacity needs.
•Corporate Investments includes business intelligence solutions, HP Labs, webOS software, and
certain business incubation projects. Business intelligence solutions enable businesses to
standardize on consistent data management schemes, connect and share data across the
enterprise and apply analytics. This segment also derives revenue from licensing specific HP
technology to third parties.
Segment Data
HP derives the results of the business segments directly from its internal management reporting
system. The accounting policies HP uses to derive business segment results are substantially the same
as those the consolidated company uses. Management measures the performance of each business
segment based on several metrics, including earnings from operations. Management uses these results,
in part, to evaluate the performance of, and to assign resources to, each of the business segments. HP
does not allocate to its business segments certain operating expenses, which it manages separately at
the corporate level. These unallocated costs include primarily restructuring charges and any associated
adjustments related to restructuring actions, amortization of purchased intangible assets, impairment of
goodwill and purchased intangible assets, stock-based compensation expense related to HP-granted
employee stock options, PRUs, restricted stock awards and the employee stock purchase plan, certain
acquisition-related charges and charges for purchased IPR&D, as well as certain corporate governance
costs.
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