
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:
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.