dcsimg

HP Stock Hits Six-Year Low

SHARE
Share it on Twitter  
Share it on Facebook  
Share it on Google+
Share it on Linked in  
Email  

Reuters: One day after announcing plans to spin off its PC division, kill off webOS and acquire software vendor Autonomy, HP's share price dropped to a six-year low. The stock fell to $22.76 Friday morning, erasing $14.5 billion from the company's market value.

"Last night HP may have eroded what remained of Wall Street's confidence in the company and its strategy," Needham & Co wrote in a research note.

Submit a Comment

Loading Comments...

NewsletterDATAMATION DAILY NEWSLETTER

SUBSCRIBE TO OUR IT MANAGEMENT NEWSLETTER