Tuesday, September 15, 2015

The Crock of @#$% Report v.031

September 15, 2015
Hewlett-Packard will cut up to 30,000 jobs as part of restructuring

“We've done a significant amount of work over the past few years to take costs out and simplify processes, and these final actions will eliminate the need for any future corporate restructuring.

This is the very last one-time non-recurring corporate restructuring charge investors in Hewlett-Packard will ever experience. Honest.

The split is expected by the end of October. Afterward, the company’s personal computer and printing business will become known as HP Inc., while its technology infrastructure, software and services businesses will be called Hewlett-Packard Enterprise.

That said, investors in HP Inc. and Hewlett-Packard Enterprises may experience a few more one-time non-recurring corporate restructuring charges at some point in the future, especially if either of them eventually slides into bankruptcy. But what are the odds of that?

August 14, 2015
Rating Action: Moody's downgrades Hewlett-Packard Company to Baa2; outlook stable

"HP's Baa2 rating reflects the anticipated spin-off the Enterprise business and the remaining company's strong to leading market positions in printing and personal computers, countered by the secular growth challenges in both segments that will persist for the foreseeable future," stated Richard Lane, Moody's Senior Vice President.

If there's one thing we can rely on, it's the foreseeable future.


Mr Slippery said...

I didn't watch the whole republican debate tonight, but I think Fiorina is planning to merge the US with China, then "lay off" about 700 million redundant people. That was her plan with HP-Compaq and it's what she knows. When merging countries, I am not quite sure what "lay off" means, but I bet the Chinese leadership has some ideas.

Stagflationary Mark said...

Perhaps The Donald should have asked people to "lay off" cornering The Donald on the things The Donald has said. Speaking in third person would have allowed The Donald to distance himself from himself. ;)