Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Hewlett-Packard Company

  Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Hewlett-Packard

Business Wire

WAYNE, Pa. -- November 29, 2012

Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/hpq) announces that a class
action lawsuit has been filed in the United States District Court for the
Northern District of California on behalf of purchasers of Hewlett-Packard
Company (“Hewlett-Packard” or the “Company”) (NYSE:HPQ) common stock during
the period between August 19, 2011 and November 20, 2012 (the “Class Period”).

For more information regarding this class action suit, please contact Ryan &
Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by
email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/hpq

The complaint alleges that during the Class Period, defendants concealed that
the Company had gained control of Autonomy in 2011 based on financial
statements that could not be relied upon because of serious accounting
manipulation and improprieties. In addition, defendants concealed known
negative business trends concerning the profit margins of the Company’s
Enterprise Services business, formerly known as Electronic Data Systems
Corporation (“EDS”), which Hewlett-Packard had acquired in August 2008 for
$13.0 billion. As a result of defendants’ false and misleading statements, the
Company’s stock traded at artificially inflated prices during the Class
Period, reaching a high of $29.89 per share on February 16, 2012.

On August 22, 2012, Hewlett-Packard issued a press release announcing a third
quarter 2012 earnings per share loss of $4.49, largely as the result of an
$8.0 billion charge for impairment of goodwill associated with the acquisition
of EDS. On this news, the Company’s stock price dropped $1.56 per share to
close at $17.64 per share on August 23, 2012. Then, on November 20, 2012, the
Company disclosed it had taken an $8.8 billion charge related to its
acquisition of Autonomy due to serious accounting improprieties. On this news,
the Company’s stock price dropped $1.59 per share to close at $11.71 per
share, a decline of 12%,

If you are a member of the class, you may, no later than January 25, 2013,
request that the Court appoint you as lead plaintiff of the class. A lead
plaintiff is a representative party that acts on behalf of other class members
in directing the litigation. In order to be appointed lead plaintiff, the
Court must determine that the class member's claim is typical of the claims of
other class members, and that the class member will adequately represent the
class. Under certain circumstances, one or more class members may together
serve as "lead plaintiff." Your ability to share in any recovery is not,
however, affected by the decision whether or not to serve as a lead plaintiff.
You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve
as your counsel in this action.

For more information about the case or to participate online, please visit:
www.rmclasslaw.com/cases/hpq or contact Richard A. Maniskas, Esquire toll-free
at (877) 316-3218, or by e-mail at rmaniskas@rmclasslaw.com. For more
information about class action cases in general or to learn more about Ryan &
Maniskas, LLP, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan &
Maniskas, LLP is devoted to protecting the interests of individual and
institutional investors in shareholder actions in state and federal courts


Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
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