HP boss’s turnaround message flops on Wall Street

Coming off the biggest quarterly loss in Hewlett-Packard’s history, CEO Meg Whitman braced investors for even more trouble ahead as she methodically tries to fix a wide range of longstanding problems.

Those challenges will be compounded by a feeble economy that Whitman expects to weaken even more during the next year.

HP said the internal and economic turmoil will cause its earnings to fall by more than 10 per cent next year, a decline that hadn’t been anticipated by analysts who follow one of the world’s largest — and most dysfunctional — technology companies.

via Business feed http://www.scmp.com/business/companies/article/1053613/hp-bosss-turnaround-message-flops-wall-street