hewlettpackard posts 89 bn loss on reorganization
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Hewlett-Packard posts $8.9 bn loss on reorganization

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Arab Today, arab today Hewlett-Packard posts $8.9 bn loss on reorganization

New York - AFP

Hewlett-Packard on Wednesday announced a quarterly loss of $8.9 billion as the US computer giant was forced to write down the value of some assets and take hefty reorganizational charges. "HP is still in the early stages of a multi-year turnaround, and we're making decent progress despite the headwinds," said Meg Whitman, president and chief executive officer, in announcing results for the fiscal third quarter.

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