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Business

HP blames $8.8b charge on accounting at acquired firm

NEW YORK (AP) — Hewlett-Packard Co. said a British company it bought for $9.7 billion last year lied about its finances, resulting in a massive write-down of the value of the business.

Comments

Really?? Sounds like Hewlett-Packard Co. needs a new legal team!! Someone should be held responsible for the loss, sadly, American company's need not worry about taking responsibility for their actions.

Really?? Sounds like Hewlett-Packard Co. needs a new legal team!! Someone should be held responsible for the loss. Sadly, American companies need not worry about taking responsibility for their actions.