[Info-vax] HP: 8 Billion Dollar "Impairment" Charge, New Services Management

[JF Mezei]

Stephen Hoffman wrote:
> Earnings per share reportedly expected to be up 6 cents per share to 
> about $1.00, but with an eight billion dollar "impairment" charge.


>From HP's press release:
http://h30261.www3.hp.com/phoenix.zhtml?c=71087&p=irol-newsArticle&ID=1723779&highlight=
##
Services goodwill impairment charge
HP expects to record a non-cash pre-tax charge for the impairment of
goodwill within its Services segment of approximately $8 billion in the
third quarter of its fiscal 2012.
##

Looks like they are writing down the value of Hurd's purchase of EDS.
They wrote off Hurd's purchase of Palm already.

And EDS was to make HP grow to rival IBM's services division. Looks like
it isn't really panning out.

Anyone have information on whether this is just the case (less demand
overall for instance) or whether this was HP not executing/managing that
division properly ?

Will the musical chairs just announced just result in the same or is
there potential to turn EDS into something of a success ?