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

[Mac Decman]

On Wed, 08 Aug 2012 19:12:47 -0400, JF Mezei
<jfmezei.spamnot at vaxination.ca> wrote:

>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 ?

I got a really optimistic e-mail from the partner network today
telling me to keep developing software for Itanium thanks to HP's
victory over Oracle.