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[4]: Actual HP employee
by kwan_e on Mon 26th Nov 2012 03:41 UTC in reply to "RE[3]: Actual HP employee"
kwan_e
Member since:
2007-02-18

"when the company isn't making money, the first priority tends to be to stop doing stuff that's losing money


Like spending all day on the golf course....
"

Or getting their offices redecorated with a $1400 trash can.

Reply Parent Score: 2