HP says Japan workers safe, Sendai office damaged

AP News
Posted: Mar 22, 2011 1:25 PM
HP says Japan workers safe, Sendai office damaged

Hewlett-Packard Co., the world's largest maker of personal computers, says its employees in Japan are safe but that its office in the earthquake-battered city of Sendai sustained significant interior damage and remains closed.

In a Securities and Exchange Commission filing Tuesday, HP said its Tokyo offices did not sustain structural damage, but the company continues to evaluate other damage.

HP says sales in Japan have historically accounted for 3 percent to 4 percent of its total revenue. The company also sources components from Japanese suppliers, including printer engines and toner. However, HP says it's still assessing the impact of the earthquake and tsunami in Japan on its business.

Shares of HP edged down 27 cents to $41.50 in afternoon trading.