Hewlett-Packard: It Only Gets Worse

Photograph by Kim White/Bloomberg

The latest news out of Hewlett-Packard makes it clear that things are only getting worse for the once venerable tech giant. Its stock price tanked to its lowest point in a decade, after the company announced it will take an $8.8 billion writedown on Autonomy, the analytic software company it purchased for more than $10 billion in 2011. The company now says that Autonomy falsified its finances.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.