Linked by Howard Fosdick on Fri 23rd Nov 2012 14:03 UTC
In the News 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.
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Sony
by bram on Sat 24th Nov 2012 01:16 UTC
bram
Member since:
2009-04-03

Sony looks very shaky as well: it has now been rated as junk bond. It looks like iOS killed their gaming division, and their electronics division killed itself with subpar products at high prices.

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