
Hard to believe, but
articles are popping up at business websites claiming that venerable Hewlett-Packard may fail. In their most recent fiasco, HP
wrote off a loss of $8.8 of their $11.1 US billion acquisition of
Autonomy and have alleged
fraud in the deal. Revenue is down 7% from a year ago and the stock has hit a 10-year low. The company is
laying off 27K employees but that may not be enough. Some speculate HP might be broken up into parts with buy-outs involved. This
article from last May offers a good in-depth analysis of how all these problems came to pass.
Member since:
2007-03-13
They should do an '97 Apple. Trim the product line, gather skills to build a few great products.