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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RE: I'm not dead yet!
by viton on Sat 24th Nov 2012 14:50 UTC in reply to "I'm not dead yet!"
viton
Member since:
2005-08-09

HP tried to make a play for phones and tablets with Palm/WebOS, and failed.
Tried?
1) they released a non-compatible tablet WITHOUT the software
2) quickly ceased production/development and sold the remaining stock under production cost

Hit & Run strategy

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