HP takes huge quarterly earnings hit on EDS write-down

HP has $8.9B loss on expected charge for EDS flop Businessweek - ‎1 hour ago‎ SAN FRANCISCO (AP) — Hewlett-Packard absorbed the largest quarterly loss in its history as the Silicon Valley pioneer owned up to past mistakes that have  left it scrambling to adapt to a shifting technology market. The loss of $8.9  billion announced ... Hewlett-Packard Sales Slump Tests CEO Whitman Businessweek - ‎3 hours ago‎ Hewlett-Packard Co. (HPQ) posted a record (HPQ) quarterly loss and reported  slumping sales for personal computers and services aimed at businesses,  underscoring the turnaround challenge facing Chief Executive Officer Meg  Whitman. The fiscal ... Hewlett-Packard slumps premarket on large 3Q loss Businessweek - ‎4 hours ago‎ Shares of Hewlett-Packard Co . skidded 4 percent in premarket trading  Thursday after the world's largest maker of printers and PCs reported weak  third-quarter results and took a huge charge to write down the value of a recent  acquisition. HP and its ... Hewlett-Packard Shares Sinking As Whitman's Warnings Sink In Forbes - ‎4 hours ago‎ Hewlett-Packard shares are trading sharply lower Thursday as the Street absorbs  some of the cautious commentary provided after the close yesterday by CEO Meg  Whitman. While Q3 profits matched the company's recently revised guidance,  revenues fell ... HP sinks as the red ink rises NBCNews.com (blog) - ‎10 minutes ago‎ Hewlett-Packard's share price took a tumble Thursday after the personal computer  maker reported shrinking sales and disappointing earnings amid a multi-year plan  to turn around its business. HP's share price was lately down 7 percent at just  under $19. HP plots its recovery Computerworld - ‎8 hours ago‎ In March, HP combined its PC and printer business, and in May it announced plans  to eliminate 27,000 jobs. The company had said earlier that 9,000 employees would  be gone by the close of its fiscal year, Oct. 31, but it now says 12,000 will exit  by then, ... Hewlett-Packard still struggling with losses as it tries to  tries to gain toehold in ... The Star-Ledger - NJ.com - ‎5 hours ago‎ “HP seems to have lost share in all of the key enterprise segments,”  Abhey Lamba, an analyst at Mizuho Securities USA Inc. in New York,  wrote in a research note after the results. The PC market remains weak,  and the company is in the “early stages of a ... Hewlett Packard's Whitman May Write Off Transformation TheStreet.com - ‎3 hours ago‎ NEW YORK (TheStreet) -- After Hewlett-Packard's(HPQ) record $8.9 billion third  quarter loss was colored by an $8 billion write-off of the company's 2008 acquisition of  IT services giant EDS, losses may just be beginning as HPCEO Meg  Whitman struggles to ... Does HP's quarterly loss show the strength and variety of  the datacenter market? ZDNet - ‎4 hours ago‎ Taken as a whole, Hewlett-Packard's announcement of an $8.9 billion quarterly loss  is generating a lot of buzz. When you break it down, the vast majority of the loss is the  end result of the 2008 acquisition of EDS for $14 billion (a $9.2 billion write down), ... HP CEO: Turnaround Will Take Time InformationWeek - ‎5 hours ago‎ Seeing no quick fixes, HP CEO Meg Whitman has prescribed a long list of methodical  remedies designed to return the company to profitability and growth. During a conference  call with equity analysts late Wednesday, Whitman reviewed progress on what she ... HP tanks on lax PC sales San Jose Mercury News - ‎12 hours ago‎ SAN FRANCISCO -- Hewlett-Packard swung to an $8.9 billion quarterly loss as  personal computer sales shrank again and it swallowed a huge write-down linked  to its $13.9 billion purchase of Electronic Data Systems. The No.1 personal  computer maker, ... HP stock dives after historic loss, CEO promises turnaround Bizjournals.com (blog) - ‎6 hours ago‎ The $8.9 billion quarterly loss sent HP stock (NYSE:HPQ) sliding back towards the  52-week lows it sank to earlier this month. It was trading down more than 6 percent  at the opening bell on Thursday, near $18 after closing the day before at $19.20,  down more ... Hewlett-Packard reports its biggest quarterly loss Detroit Free Press - ‎13 hours ago‎ Hewlett-Packard absorbed the largest quarterly loss in its history as the Silicon  Valley pioneer owned up to past mistakes that have left it scrambling to adapt to a  shifting technology market. The loss of $8.9 billion announced Wednesday didn't  come as a ... Hewlett-Packard's Quarterly Loss Shows Challenge  Facing Whitman San Francisco Chronicle - ‎5 hours ago‎ Aug. 23 (Bloomberg) -- Hewlett-Packard Co. posted its biggest quarterly loss in  at least two decades as demand for personal computers and services aimed at  businesses slumped, underscoring the turnaround challenge facing Chief Executive  Officer Meg ... Hewlett-Packard suffered biggest loss in company history on  $8 billion charge ... Washington Post - ‎20 hours ago‎ The loss of $8.9 billion announced Wednesday didn't come as a surprise. HP  telegraphed the news earlier this month when it disclosed plans to take an  $8 billion charge to reflect the shrinking value of Electronic Data Systems,  a technology consulting service ... HP takes huge quarterly earnings hit on EDS write-down San Jose Mercury News - ‎17 hours ago‎ Hewlett-Packard (HPQ) delivered a sobering earnings report Wednesday, as  accounting charges forced it to declare the biggest quarterly loss in its history.  And with sales down in all its major divisions, CEO Meg Whitman warned of tough  times ahead. Hewlett-Packard Earnings Beat, but Revenue Is Light CNBC.com - ‎4 hours ago‎ HP is "still in the early stages of a turnaround," CEO Meg Whitman  said on the conference call, adding that "the trajectory of the decline " in revenue flattened, which was encouraging given the current macro  environment. Macro conditions are "more ... HP reports $8.9B Q3 loss on writedowns, weak sales,  lowers full-year forecast Network World - ‎4 hours ago‎ Hewlett-Packard on Wednesday announced a US$8.9 billion loss for its third quarter ended July 31 due to writedowns and weak hardware sales  and also said full-year results would be at the low end of its previous guidance. Earlier this month, HP said it ... HP FY Q3 EPS Matches Guide; Revs Light; Trims Full Yr View Forbes - ‎22 hours ago‎ Hewlett-Packard this afternoon reported mixed results for its fiscal third quarter  ended July. As the company recently had pre-announced, profits were $1 a share,  above previous guidance of 94-97 cents a share. But revenues missed, coming at  29.7 billion, ... Progress Still Slow on HP's Turnaround Story Morningstar.com - ‎23 minutes ago‎ Hewlett-Packard delivered third-quarter results that exceeded its initial forecasts and  met the revised targets it provided two weeks ago. The headline numbers are uninspiring,  with total revenue of $29.7 billion, down 5% year over year, and profits tanking on a ... HP earnings: 6 lowlights GigaOM - ‎6 hours ago‎ It's slow going for the HP turnaround Meg Whitman is trying to engineer.  There's softness in the PC business, in printers, in servers — just more  bad news atop the $8 billion write-down of enterprise services thatHP  pre-announced. Not a pretty picture. Weak Sales and a Large Write-Down Give HP a Loss Pittsburgh Post Gazette - ‎1 hour ago‎ Ms. Whitman is trying to transform Hewlett-Packard, the company she runs, for a  world where its historical dominance in personal computers and printers matters less.  The new businesses involve more smartphones, software and big data centers, where H.P. ... HP Reports Nearly $9B Loss in Q3 PC Magazine - ‎16 hours ago‎ HP reported revenue of $29.7 billion for its third quarter, down 5 percent from the $31.2  billion it pulled in during the same period in 2011, and a whopping EPS hit of $4.49 to investors. The company suffered sales declines in all of its core business units ... On the Call: HP CEO Meg Whitman Businessweek - ‎18 hours ago‎ PALO ALTO, Calif. (AP) — Since becoming Hewlett-Packard Co.'s CEO 11 months  ago, Meg Whitman has repeatedly made it clear that it will take a long time to turn  round the company. Whitman has already prescribed some harsh medicine by setting out to ...