HP raises outlook, boots head of Services
Normally shake ups in management and earnings outlooks don't really grab our attention. But, buried in the PR for just such moves from HP today was a particularly intriguing tid bit of information. In Q3 the company expects to be hit for $8 billion in pre-tax assets (but not cash) as part of an "impairment of goodwill" charge related to the purchase of Electonic Data Systems. That's in addition to a $1.5 billion charge it'll be absorbing following the layoff of some 27,000 employees in May. While the company has actually raised its earnings outlook for the quarter, we'll have to wait till August 22nd to find out just how much these two charges will affect the bottom line. For some more detail, check out the PR after the break.Continue reading HP expects to take $8 billion hit over its purchase of EDSFiled under: Misc. GadgetsHP expects to take $8 billion hit over its purchase of EDS originally appeared on Engadget on Wed, 08 Aug 2012 16:17:00 EDT. Please see our terms for use of feeds.Permalink
HP raises outlook, boots head of Services
(AP) — Hewlett-Packard Co. on Wednesday said that it will take a massive charge against its earnings for the latest quarter, but that results excluding charges were better than expected.
Wed 8 Aug 12 from Phys.org
HP raises outlook, boots head of Services, Wed 8 Aug 12 from AP
HP planning $8 billion charge within Services segment for Q3
HP has announced they will be shuffling executives in charge of their enterprise services unit as well as taking an $8 billion charge associated with the services segment. Furthermore, they ...
Wed 8 Aug 12 from Techspot
HP expects to take $8 billion hit over its purchase of EDS
Normally shake ups in management and earnings outlooks don't really grab our attention. But, buried in the PR for just such moves from HP today was a particularly intriguing tid bit of information. ...
Wed 8 Aug 12 from Engadget
HP foresees $8B write-down for third quarter
The computer maker says it expects to take an $8 billion third-quarter charge to write down goodwill for its services unit. It also expects hefty charges tied to HP employees taking early retirement ...
Wed 8 Aug 12 from CNET
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