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Challenging Road Ahead for Hewlett-Packard

news.morningstar.com

Hewlett-Packard's mixed first-quarter results highlight the many challenges facing the firm as it looks to restore operational excellence to its core business units. Investors can take comfort in the fact that HP finally has a management team that is actively attacking issues and defining an inward-focused strategy to rebuild the business. However, this turnaround will be slow and painful with few opportunities for quick fixes. We view fiscal 2012 as a rebuilding year that establishes the baseli

Mentions: HP Meg Whitman