Thursday February 20, 2020

HP profit disappoints but new boss looks to increase innovation

Hewlett-Packard shares fell after its second-quarter profit forecast fell short of analysts’ estimates as consumers curtailed personal-computer purchases.

23rd February, 2012
2
HP ceo Meg Whitman: “We underinvested in innovation.”

Hewlett-Packard shares fell after its second-quarter profit forecast fell short of analysts’ estimates as consumers curtailed personal-computer purchases.

The shares declined 1.8 per cent to $28.42 in Frankfurt. HP employs over 4,000 people in Ireland at facilities in Dublin, Leixlip, Galway and Belfast. Earlier this month it announced that it is to hire up to 280 staff at its operations in Galway and Leixlip, Co Kildare. 150 of the jobs are in research and...

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