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The PC division, while less profitable, has held up better. Sales are down 6.4 percent from 2008, to $39.6 billion, while operating income has been flat, at $2.4 billion.

The printing and PC units together made up about half of HP’s $30 billion revenue in the first quarter, which ended in January.

Shares of Palo Alto, Calif.-based HP fell 42 cents, or 1.75 percent, to $23.56 in midday trading Wednesday.

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AP Business Writer Michelle Chapman and AP Technology Writers Michael Liedtke and Peter Svensson contributed to this story. Liedtke reported from San Francisco.