SAN FRANCISCO: Hewlett-Packard Co’s shares plunged to a nine-year low after chief executive Meg Whitman warned of an unexpectedly steep earnings slide in 2013, with revenue set to fall in every business division except software.
Wall Street had hoped for quicker signs of progress on Whitman’s turnaround plan, which centres on transforming the former industry powerhouse into an enterprise computing corporation that can take on IBM Corp and Dell Inc.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!