The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content



As HP swims upstream, investors bet it gets washed away

Hewlett-Packard’s $8.8-billion (U.S.) Autonomy trouble was sown by the company’s long history of dysfunction. HP blames accounting improprieties at the U.K. software company it bought for $11.7-billion last year for the majority of the writedown it was forced to take in its earnings report on Tuesday. But HP, facing declining businesses and boardroom disarray, was too eager to do a deal. Chief executive officer Meg Whitman may be wondering what else can go wrong.