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HP suffers $8.9bn quarterly loss
- Middle East: Saturday, August 25 - 2012 at 10:26
HP has swung to an $8.9bn quarterly loss, as personal computer sales shrank again and it swallowed a huge write-down linked to its $13.9bn purchase of Electronic Data Systems Corp, Reuters has reported. The world's largest PC maker also reduced its full-year earnings outlook slightly to the low-end of its previous range, responding to a faltering PC market as well as touch economic conditions in Europe and also China, where growth too is slowing.
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StaffSaturday, August 25 - 2012 at 10:26 UAE local time (GMT+4)
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