Hewlett-Packard Plunges as CEO Whitman Projects Profit Drop
This article is for subscribers only.
Hewlett-Packard Co. Chief Executive Officer Meg Whitman forecast 2013 profit that missed estimates and said a turnaround at the computer maker won’t happen any time soon, sending shares to the lowest price in a decade.
“The recent financial performance of HP has not been good,” Whitman said at a meeting with investors. “It’s going to take longer to right this ship than any of us would like.”