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Peter Wahlstrom

Peter Wahlstrom, CFA, is director of technology, media, and telecom equity research for Morningstar.

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In the early stages of a turnaround, the wide-moat tech giant still faces some headwinds, but we think its shares look fundamentally undervalued.

We believe Hewlett-Packard's decision to split the enterprise and PC/printing businesses is the right move strategically, but there are still several moving parts and details to be finalized.