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In tandem with its market-pleasing FQ1 report, H-P has announced its expected restructuring...

In tandem with its market-pleasing FQ1 report, H-P has announced its expected restructuring plan. The company plans to cut 27K jobs (8% of its workforce), a little above expectations, and says it will achieve $3B-$3.5B in annual cost savings by the end of FY14. The company expects to record a $1.7B pre-tax charge in FY12 related to the move (expect most of these costs to be excluded from non-GAAP EPS). HPQ +5.8% AH. (previous)
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Comments (2)
  • Stevestinks
    , contributor
    Comments (10) | Send Message
     
    HPQ is maybe the top value play that also provides safety since it has clearly bottomed according to all my charts and my panys.
    24 May 2012, 12:37 AM Reply Like
  • leebahm1
    , contributor
    Comments (2) | Send Message
     
    Lay-offs and cronyism..oh, a novel combo. Meg Whitman is lucky though, and perhaps H-P will succeed on the theory that lucky often beats smart in the market!
    25 May 2012, 03:22 AM Reply Like
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