Bloomberg reported that Hewlett-Packard’s $8.8 billion writedown tied to the purchase of software maker Autonomy Corp. is fueling concern that CEO Meg Whitman and her board aren’t up to the task of engineering a turnaround.
The article said the allegations about Autonomy come just three months after Hewlett-Packard announced an $8 billion writedown related to an earlier acquisition, and it follows years of strategy shifts and management missteps that Whitman has yet to rectify.
To read the full Bloomberg article click here.
Previously on monitordaily: HP Books $8.9B Q3 Loss; HP Financial YTD Earnings Higher, published August 23, 2012
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