HP says it may sell assets that underperform

January 02, 2013

Hewlett-Packard will continue to evaluate potential divestitures of underperforming parts of its business, and the process could get messy, the company warned its investors in its annual 10-K document, which was filed in late December. “When we decide to sell assets or a business, we may encounter difficulty in finding buyers or alternative exit strategies on acceptable terms in a timely manner, which could delay the achievement of our strategic objectives,” HP added. “We may also dispose of a business at a price or on terms that are less desirable than we had anticipated.” Bloomberg first reported HP’s statement on Tuesday. In 2011, HP said it was considering a spin-off of its PC division but ultimately decided against such a move.To read this article in full or to leave a comment, please click here

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