TheStreet’s Jim Cramer is keeping an eye on Hewlett Packard (HPQ) Thursday as the company reports its latest quarterly results after the bell. Cramer says, ‘this is the last quarter where we’ll see Hewlett Packard as it currently looks, soon it’s going to be split into two companies.’ He goes on to say, ‘Remember, their PCs [business] is just so, so bad. You might want the enterprise business but the business that is just going to be HP, that is a business that you don’t want.’ Cramer says the expectations for the quarter are so low, they might actually beat but he doesn’t think anybody will care. He concludes by saying, ‘I think that Hewlett Packard, frankly, is, I don’t want to say it’s going away, but it’s not an investable scenario, it’s a tradable one though and it might pop.’ For its fiscal third quarter, the company is expected to post a consensus Street estimate of $0.85 a share, down from $0.89 in the year ago period. Revenue is expected to come in at $25.4 billion, down from $27.6 billion in the same period last year.
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