Just bringing this up because HPQ reports soon and if DELL is struggling HPQ will be struggling as well, I guess thats why HPQ announced they were getting rid of 25,000-30,000 employees. Need to make that bottom line some how. Right?
HPQ after the bell, should be interesting to see how many layoffs they announce. They are thinking anywhere between 25,000-35,000 I think HPQ breaks $20 tonight, if not tonight then certainly over the next 2 weeks. Investors might take the job cut announcement as a positive but in reality its not, they just need to find an easier way to make their bottom line and thats to get rid of at least 10% of their work force.