Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Why Stratasys Ltd. (SSYS) Is Unfazed By Hewlett-Packard Company (HPQ)?

Hewlett-Packard Company (NYSE:HPQ) announcement that it is to venture into the broader 3D printing market with a technology that can print ten times faster has thrown most of the stocks in the space into disarray. Stratasys, Ltd. (NASDAQ:SSYS) CEO, David Reis, during an exclusive interview on CNBC, acknowledged the fact that HP is going to be a huge competitor in the space.

Hewlett-Packard Company (NYSE:HPQ)

Despite the big announcement from Hewlett-Packard Company (NYSE:HPQ), Reis believes Stratasys, Ltd. (NASDAQ:SSYS) 25-years’ experience in the space will be of great benefit in fending off any competition going forward. Reis remains bullish about Stratasys ability to gain market share in the space even with the entry of more players.

“I think Hewlett-Packard Company (NYSE:HPQ) is a very strong brand, I think it will help us to fight one of our main challenges which is to create awareness to 3D printing into additive manufacturing. Nevertheless as a competitor, HP is a serious company, what was announced at this time is a technology I am not sure how it is going to be reflected into products. I just don’t know enough at this time,” said Mr. Reis.

Reis has already reiterated that Stratasys, Ltd. (NASDAQ:SSYS) has a number of products in the pipeline that are to fight off any competition that Hewlett-Packard Company (NYSE:HPQ) might pose going forward. Stratasys research and Development team according to Reis is in top gear developing products that should be in a position to compete hand in hand against the self-proclaimed ten times faster printers from HP.

Focus now shifts to the Euromold conference where key players in the printing space are to unveil a set of new products that should revolutionize the 3D printing landscape.

“We are going to come with new products in Euromold, we are constantly working in developing new products and the announcement of new products is an ongoing process. Euromold is just one milestone we are accelerating products to market in the last few years, and we will continue to do it into the future, “said Mr. Reis

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!