Small Business Finance News

SMBs May Benefit From IT Revenue Declines

Written by Jenna Weiner
Published: 11/10/2009

Hewlett-Packard released a line of products specifically designed for SMBs.

Hewlett-Packard's falling profits may have turned into good news for small business owners; in an effort to boost their falling revenue, the technology corporation has introduced a line of products and services for small businesses, Information Week reported.

Entrepreneur Stock Ticker

The new line includes SMB-focused computers specifically designed to help SMBs use voice, video, and wireless applications requiring power over ethernet. SMB owners can also find hardware bundles that will enable them to introduce virtualization in their IT environments, said the news provider.

Perhaps the most innovative aspect of the new line is HP's online services afforded to SMB customers. The service allows users to make business contacts, provides troubleshooting where IT workers can view and correct problems, and offers document sharing so colleagues can collaborate with the click of a mouse.

HP - that company that boasts "we make it our business to take care of your business" - provides more than $1,000 in software services for SMBs while offering up to $2,000 in rebates according to Information Week.

HP and other tech vendors are targeting SMBs with tailored products to try to grab a share of SMB IT spending, which global marketing intelligence firm IDC reports is $7.9 million annually.

IDC predicts small businesses will spend more on IT than larger corporations as the tech market recovers.

Share this article


About Our Small Business News

Our reporters cover all aspects of entrepreneurship. Our perspective is dedicated to helping you to start and grow your business.

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities


Business Glossary