The leak of a memo from HP CEO Leo Apotheker describing a tough upcoming quarter prompted the company to deliver its quarterly earnings report a day earlier than planned. The results for the second quarter were actually in line with expectations, but the company lowered its guidance for the rest of the year, citing soft demand for personal computers, a slowdown resulting from the natural disasters in Japan, and the need to make additional investment in its services business.
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Can HP Come Up With a Big-Bang Strategy?
Posted by: Erika Morphy May 18, 2011 05:00 AMThe leak of a memo from HP CEO Leo Apotheker describing a tough upcoming quarter prompted the company to deliver its quarterly earnings report a day earlier than planned. The results for the second quarter were actually in line with expectations, but the company lowered its guidance for the rest of the year, citing soft demand for personal computers, a slowdown resulting from the natural disasters in Japan, and the need to make additional investment in its services business.