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Hewlett-Packard Company Message Board

  • rounder69s rounder69s Jan 14, 2013 3:52 PM Flag

    I copied and pasted this article on the catastrophe known as HPQ!

    may be the most mismanaged major company in the U.S., which gives shareholders a reason to turn on it as well. Five years ago, the company had annual net income of more than $8 billion. In the 12 months ending in October, H-P lost $12.6 billion. The company shares are down more than 40% in the past year. Further complicating matter is H-P’s acquisition in October 2011 of British data company Autonomy, which is now under investigation for fraud for misrepresenting its value. H-P may have lost billions in the deal. Last year, in an attempt to restructure and stop the bleeding, the company laid off 27,000 employees, more than double any other company in 2012.

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