HP posts $US8.9bn loss |
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Technology Spector - By : Staff Reporting
Hewlett-Packard Co swung to an $US8.9 billion quarterly loss as personal computer sales shrank again and it swallowed a huge write-down linked to its $US13.9 billion purchase of Electronic Data Systems Corp.
The No.1 personal computer maker, which employs more than 300,000 people globally, is undergoing a multi-year restructuring aimed at focusing the sprawling corporation on enterprise services, in the mould of IBM. The plan calls for reducing its employee base by 8 per cent.
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