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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HP
by hackus on Tue 27th Nov 2012 05:01 UTC
hackus
Member since:
2006-06-28

At first I thought misread that, but yep. Tis true!

That is 2 7 and THREE zeroes not 2.

I guess that means the CEO and crew get a gigantic bonus and possibly a bailout request?

-Hack

Reply Score: 2