Tuesday, November 20, 2012
Company HP Bought For $10 Billion Just Cost HP $9 Billion
Company HP Bought For $10 Billion Just Cost HP $9 Billion:
All is not well at Meg Whitman's HP, we learned during the company's fourth-quarter earnings call this morning. HP just recorded a $9 billion devaluation of its assets stemming from serious accounting tomfoolery at a company that HP bought for $10 billion last year. Ouch. More »
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