Wednesday, May 23, 2012

HP in 2012

$HPQ announced earnings and that it would cut 27,000 jobs.  We knew it was coming, as the news was leaked last week.

It's kind of interesting that HP has been a company of PCs, laptops, printers, and at one time handheld devices.  Over the last decade, consumers have moved to tablets and the iPhone and Android phones have replaced handheld devices.  In addition, the printer business has slowed as folks now have lightweight ready devices to view documents without paper or expensive ink cartridges.

The stock was up afterhours, but they still have some challenges ahead...


HP to cut 27,000 jobs
CNN MONEY | MAY 23, 2012
Hewlett-Packard said it will cut 27,000 jobs across the globe to save on costs and reinvest in research in development... Read more

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