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]: Comment by kaiwai
by zima on Sun 25th Nov 2012 08:29 UTC in reply to "RE: Comment by kaiwai"
zima
Member since:
2005-07-06

to me, HP just isn't about computers. Sure, it may be a bad way of looking at it, but it's how I feel--and the fact that they bought such an absolutely shitty OEM (Compaq) doesn't make me feel any better about it

Well OTOH that OEM, Compaq, basically brought to us the PC clone market - quite prominent at the very least ...and quite a bit about computers.

Reply Parent Score: 3