Is This Just the Beginning of Hewlett-Packard’s Turnaround?

Hewlett-Packard (NYSE:HPQ) and CEO Meg Whitman have delivered on the promise to bring, “a number of new programs and disruptive innovations to market in the coming quarters,” which Whitman said earlier this week. But no one believed it would come true quite this soon.

HP announced on Sunday its release of the Slate 7. A 7-inch tablet that blends together a number of features from a variety of companies, the Slate runs on Google’s (NASDAQ:GOOG) Android operating system. Additionally, the Slate has embedded sound-enhancing technology licensed from Beats Electronics LLC, and it has a 1.6-gigahertz dual-core processor from ARM Holdings Plc (NASDAQ:ARMH).

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CHEAT SHEET Analysis: Is the Slate a Catalyst for HP?

One of the core components of our CHEAT SHEET Financial Analysis focuses on catalysts for a company’s stock. The 7-inch Slate tablet, which should compete against the likes of Apple’s (NASDAQ:AAPL) iPad Mini, Amazon’s (NASDAQ:AMZN) 7-inch Kindle Fire and Google’s own Nexus 7, shows a commitment from HP to be competitive in hyper-competitive markets. Additionally, the announcement marks the beginning of Whitman’s plans to make a splash, so the best may be yet to come…