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HP CFO Acknowledges Supply Chain Woes

Finance chief Kathie Lesjak cites last year's Thailand floods, which created a shortage of hard-drive disks.

February 24, 2012

In its quarterly earnings report yesterday, Hewlett-Packard announced that sales of personal computers fell 15% year over year; consumer sales fell 25%, and corporate PC sales fell 7%, all contributing to a 44% decline in profits. Overall revenues fell 7% to $30 billion, which was below expectations. Read more...

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