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[2]: Actual HP employee
by Vanders on Mon 26th Nov 2012 11:16 UTC in reply to "RE: Actual HP employee"
Vanders
Member since:
2005-07-06

Why the hell not layoff the incompetent fuckers who made the poor acquisitions?

Er, they have. Shane Robison was one of the first out the door when Meg Whitman arrived. He was head of HP's Office of Strategy & Technology (OS&T), which is also gone. OS&T were responsible for almost all acquisitions within HP.

Disclaimer: I work for HP.

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