Hewlett-Packard Co. Said Tuesday that a British company it bought for $10 billion last year lied about its finances, resulting in a massive write-down of the value of the business. Shares dropped on pace toward a 10-year low. Ref. USAToday
HP hit with civil securities lawsuit over deal
Hewlett-Packard has been sued by an investor who claimed the company knew statements about its Autonomy acquisition were misleading and led the stock to fall, according to lawyers representing the plaintiff. Ref. Source 6
Tech bellwether Hewlett-Packard continued its long comeback Wednesday with financial results that fell short of expectations. HP shares slid 4%, to $24.71, in after-hours trading. The company announced its results after markets closed. Ref. USAToday
Hewlett-Packard announces plan to split in two
Tech giant announces breakoff of its personal-computer and printer businesses from its technology services, the Associated Press and Bloomberg report. The PC and printer business will use the name HP Inc. The services business will take the name Hewlett-Packard Enterprise. HP CEO Meg Whitman will lead the Enterprise business. HP PC and printer chief Dion Weisler will be CEO of HP Inc. Ref. USAToday