[...] after several years of weak performance, the company is spending billions of dollars on restructuring as it prepares to split into two separate corporations - one focused on PCs and printers, and the other selling commercial tech products. Consumers are buying fewer PCs and printers, while business customers are shifting to a "cloud computing" model that lowers the cost of software and reduces the need for massive, in-house computer centers to run their operations. The stock fell another 1 percent in late trading after the company issued its financial report and forecast adjusted earnings for the current quarter to range from 92 cents to 98 cents a share.
Comment on HP revenue and profit slide, stock falls on weak forecast
By Brandon Bailey, ASSOCIATED PRESS, Houston Chronicle: Business
Thu, 08/20/2015 - 4:01pm
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