1. Quotes

    1. “ Make no mistake about it, we're still in the early stages of a turnaround. ”
      By Meg Whitman
    2. “ Toss in generally weak financial performance across global markets, and it's pretty much a perfect storm for companies like HP. ”
      By Charles King

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  1. Hewlett-Packard Plans a Comeback

    CIO.com (Sep 10 2012) Finance

    1. Hewlett-Packard Plans a Comeback

      Hewlett-Packard has had some bad quarters in its 73 years, but perhaps none as bad as its latest -- when it reported a loss of $8.9 billionon sales that fell 5% to $29.7 billion.

      The poor third-quarter results produced little drama on Wall Street, because CEO Meg Whitman had prepared investors for a disappointing performance by launching a massive corporate restructuring earlier this year.

      In March, HP said that it would be combining its PC and printer businesses; in May, it announced plans to cut 27,000 jobs; and early last month, the company took an $8 billion ...

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      MPSConnect: Africa, Asia, Australia, Blogs, Careers, Cloud/Mobile Printing, eNews, Europe, Finance, Latin America, New Products, Outsourcing, Resellers, User Focus, Workflow
      Special Interests: Consumables, Go Green and Save, Jobs In Print Ind., Print Security