Hewlett-Packard profit drops 17 percent on lower PC sales

Hewlett-Packard (HPQ) saw its profit fall 17 percent on lower sales of personal computers and printer ink.

Its shares fell in after-hours trading after the company forecast sales that would miss analyst estimates for the current quarter.

Since the world's largest maker of personal computers is seeing sales that are flat to slightly lower compared with the quarter that ended at the end of April, technology investors may lose some of the enthusiasm that has sparked a rally over the past couple of months.