H.P. Lowers Its Forecast, Cutting Jobs as Profit Falls

sachin1

Disciple
For those investors who were seeing more optimistic signs of economic recovery in the technology industry, Hewlett-Packard has played the role of the spoiler.On Tuesday, H.P., the world’s largest technology company, reported double-digit declines in sales across its major businesses in its second quarter. H.P. also said that it would cut about 2 percent of its 321,000-person work force, or close to 6,420 people, as it tries to reduce costs.

HP on the road of GENERAL MOTORS!:rofl:
 
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