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[3]: Comment by kaiwai
by bassbeast on Mon 26th Nov 2012 01:08 UTC in reply to "RE[2]: Comment by kaiwai"
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I think you just hit the nail on the head is what is wrong is wrong with the company on the whole... "they are junk for the most part". Once upon a time HP made damned nice computers rock solid desktops and laptops and printers. Now they are all junk, the thinnest plastic, horrible drivers, just garbage.

I USED to buy HP for my business customers, now its all Asus and Samsung, you can't trust HP anymore. instead of bringing Compaq up they brought HP down to the level of Compaq, similar how Seagate is now nothing but Maxtor with more sales and junk drives.

Reply Parent Score: 2

RE[4]: Comment by kaiwai
by zima on Mon 26th Nov 2012 08:15 in reply to "RE[3]: Comment by kaiwai"
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Is Maxtor Quantum or Maxtor? ;p

Reply Parent Score: 2