c.e.o. meg whitman has been on the job 17 months, speaking with investors today, whitman said she felt good about the rest of the year, and that last year's hard work was paying off for h.p. but, analysts say h.p. is not out of the woods yet. >> it's the type of thing that can be fixed quickly. this isn't going to take several years to play out so first of all it seems like meck whitman's vision is very much on track but we're not seeing that play out in the financials, but it is encouraging that guidance was better than we thought it would be. >> he also says he expect morse write-offs and pain from previous acquisitions ahead for hp. meanwhile shares close the regular session at $17.10 but as we mentioned earlier this were up as much as 6% on extra hours on the earnings numbers. >> still ahead on our program tonight, ford is hiring in high oy, please take a look creating new job. the u.s. economy is not adding jobs, the claims for uninsurance benefits up pas past-- combined with continued worries about economic growth lead the major stroke averages lower within the s&p 500 off by 9.5. >>

c.e.o. meg whitman has been on the job 17 months, speaking with investors today, whitman said she felt good about the rest of the year, and that last year's hard work was paying off for h.p. but, analysts say h.p. is not out of the woods yet. >> it's the type of thing that can be fixed quickly. this isn't going to take several years to play out so first of all it seems like meck whitman's vision is very much on track but we're not seeing that play out in the financials, but it is encouraging that guidance was better than we thought it would be. >> he also says he expect morse write-offs and pain

c.e.o. meg whitman has been on the job 17 months, speaking with investors today, whitman said she felt goodut the rest of the year, and that last year's hard work was paying off for h.p. but, analysts say h.p. is not out of the woods yet. >> it's the type of thing that can be fixed quickly. this isn't going to take several years to play out so first of all it seems like meck whitman's vision is very much on track but we're not seeing that play out in the financials, but it is encouraging that guidance was better than we thought it would be. >> he also says he expect morse write-offs and pain

c.e.o. meg whitman said she feli good about the rest of the year. shares responded with a 12.3% rally. volume was very heavy, more than s tiivagavmee.er the buying takes h.p.q. shares to their highest price since august. hewlett-packard's optimism helped a couple of other big technology firms counting on the computer market. intel was up 0.8%. microso g1%ned ftne semiconductor texas instruments, also got a boost thanks to raising its quarterly dividend, and increasing its stock buyback plan. shares rose by 5.2%, to finish just below a 52 week high. the other earnings report traders pointed to as encouraging was from a.i.g. or-pe for the impact o storm sandy on its property- casualty operations, business was better than expected. the quarter marked that last period the u.s. government held a stake in a.i.g., stemming from its bailout. shares rebounded 3.1% on heavy volume. teen retailer abercrombie and fitch got through the holiday season with less discounting, helping improve its quarterly profit margins.r- habu ttt was last quarter. t the store's outlook was cautious for this quarter

c.e.o. and former candidate for governor whether meg whitman.ing after police responded to protesters at a city council meeting. in santa cruz they are reeling from the loss of two veteran police officers this morning. new video just in from the scene shows the extend of the shootout. >> live from the newsroom the man suspected in the shootings has a criminal history and dating back five years. the officers murdered leave behind families and distinguished years. >> sue hall from abc7 traffic center, metering lights are on and traffic is backing to the maze may because of the metering lights and no problem on the upper deck but it is sluggish upper deck but it is sluggish moving into san fr of walking to give a breast cancer survivor a lifetime-- that's definitely a fair trade. whoo! you walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (woman) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a lifetime. v