So while PCs are perhaps still doing well, HP's best strategy going forward may very well be to edge into less exciting markets.
"It may not be in the glamorous consumer side. Maybe it's the less glamorous side of data storage devices, servers, and the software around that, that play to [HP's] historic engineering strengths," says Levinthal.
Danielle Kurtzleben is a business and economics reporter for U.S. News & World Report. Connect with her on Twitter at @titonka or via E-mail at firstname.lastname@example.org.