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US futures reverse course
as HP takes $8.8B hit
Associated Press, by Staff
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Original Article
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Posted By:Ribicon, 11/20/2012 2:50:06 PM
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| New York — Stock futures grew choppy Tuesday after Hewlett-Packard revealed that it was the victim of a massive fraud related to an acquisition and took a huge hit to its latest quarterly earnings. After a mostly positive morning, the Dow Jones industrial futures fell 18 points to 12,720. The broader S&P futures slipped 0.50 points to 1,382. Nasdaq futures added 1.5 points to 2,587. Hewlett-Packard said Tuesday that a British company it bought for $10 billion last year lied about its finances and accusing Autonomy Corporation PLC, of "serious accounting improprieties, disclosure failures and outright misrepresentations."
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Comments:
HP can´t even do acquisitions right these days. How far they´ve fallen.
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Reply 1 - Posted by:
wlazzell, 11/20/2012 3:45:26 PM (No. 9026139)
I hope they are still choking on the EDS $h!t sandwich they bought a few years ago.
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Reply 2 - Posted by:
Videodrone, 11/20/2012 4:01:56 PM (No. 9026163)
worked there for 13 years, from the end of Bill & Dave through John Young then Lew Platt - back when it was an Engineer´s Company.
Sad, it was a great company now not so much
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Reply 3 - Posted by:
mackrand, 11/20/2012 4:02:35 PM (No. 9026166)
Hmmmm! That is what Due Process is supposed to protect the buyer from. Has HP forgotten how to do even the simplest things related to purchases?
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Reply 4 - Posted by:
Mike PHX, 11/20/2012 4:19:25 PM (No. 9026183)
That´s actually "Due Diligence".
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Reply 5 - Posted by:
mackrand, 11/20/2012 4:39:16 PM (No. 9026232)
Yes, you are correct. I thought that looked funny as I typed it. Thank you.
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Reply 6 - Posted by:
trapper, 11/20/2012 5:05:15 PM (No. 9026277)
Hey, Deloitte audited them and KPMG reviewed the books as well, according to the WSJ. Neither Deloitte nor KPMG found anything wrong. I don´t know what else can be expected from HP. There is no defense against an outright crook, and from HP´s fraud allegations that´s exactly what they think they were up against. Too bad, but not their fault.
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Reply 7 - Posted by:
woofwoofwoof, 11/20/2012 5:55:34 PM (No. 9026365)
#1, yes they are.
HP hasn´t got anything right since they jetisoned the old instrument divisions and became a dedicated computer company.
This particular acquisition was especially bogus, even valuing Autonomy at $1b must be exceedingly generous. But their buying EDS was also massively stupid, they wrote off $11b last quarter for EDS!
They are shooting at the past, because their present is evaporating. HP should have been foremost in tablets and the like, but they fell asleep, trying to be IBM - who isn´t in tablets either, we should note. IBM is another story, another bubble to pop pretty soon. Meg is gonna try to turn them around. Good luck, lady.
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Below, you will find ...
Most Recent Articles posted by "Ribicon"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "Ribicon"
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Broadcasters worry
about ´Zero TV´ homes
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Associated Press, by Ryan Nakashima
Original Article
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Posted By: Ribicon- 4/7/2013 2:43:40 PM
Post Reply
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Los Angeles — Some people have had it with TV. They´ve had enough of the 100-plus channel universe. They don´t like timing their lives around network show schedules. They´re tired of $100-plus monthly bills. A growing number of them have stopped paying for cable and satellite TV service, and don´t even use an antenna to get free signals over the air. (Snip) Last month, the Nielsen Co. started labeling people in this group "Zero TV" households, because they fall outside the traditional definition of a TV home. There are 5 million of these residences in the U.S., up from
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Dropouts: Discouraged
Americans leave labor force
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Associated Press, by Paul Wiseman and Jesse Washington
Original Article
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Posted By: Ribicon- 4/6/2013 3:42:46 PM
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Washington — After a full year of fruitless job hunting, Natasha Baebler just gave up. She´d already abandoned hope of getting work in her field, counseling the disabled. But she couldn´t land anything else, either — not even a job interview at a telephone call center. Until she feels confident enough to send out resumes again, she´ll get by on food stamps and disability checks from Social Security and live with her parents in St. Louis. (Snip) Baebler´s frustrating experience has become all too common nearly four years after the Great Recession ended: Many Americans are still so discouraged that they´ve given up
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Pork found in Ikea´s moose lasagna
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Associated Press, by Staff
Original Article
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Posted By: Ribicon- 4/6/2013 3:24:56 PM
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Stockholm — Ikea says it has withdrawn 17,000 portions of moose lasagna from its home furnishings stores in Europe after traces of pork were found in a batch tested in Belgium. Ikea spokeswoman Tina Kardum said the product had only been on sale for a month when it was pulled off the shelves on March 22. The company didn´t announce the withdrawal publicly until Swedish newspaper Svenska Dagbladet wrote about it Saturday. Kardum said the company found out Friday that a follow-up test in Belgium confirmed the lasagna contained 1.6 percent pork. "We have more information now. That´s why we choose
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DPS crime lab scientist was
promoted despite problems with work
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Associated Press, by Jim Vertuno
Original Article
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Posted By: Ribicon- 4/6/2013 12:57:16 AM
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Austin — A crime lab scientist for the Department of Public Safety whose shoddy work may have tainted thousands of drug cases had been promoted despite a history of problems doing accurate and timely work, according to a review by the Texas Forensic Science Commission. A commission report adopted Friday found that Houston crime lab worker Jonathan Salvador struggled with chemistry, was told to correct his work in about a third of his cases and, according to his supervisors, routinely scrambled to keep up with monthly work expectations. Salvador was suspended in 2012 after his work at the DPS lab came into
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Army Reserve training material
lists Catholics, evangelical
Christians and some Jews in
´religious extremism´ category along
with the KKK, Hamas and Al Qaeda
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Daily Mail [UK], by David Martosko
Original Article
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Posted By: Ribicon- 4/5/2013 6:53:21 PM
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A slideshow presentation shown to US Army Reserve recruits classifies Christians, including both evangelicals and Roman Catholics, as religious extremists, placing them in the same category as skinheads, the Ku Klux Klan, Hamas and Al Qaeda. The presentation also warned that members of the military are prohibited from taking leadership roles in any organization the Pentagon considers ´extremist,´ and from distributing the organization´s literature, whether on or off a military installation. The opening slide warns that ´the rise in hate crimes and extremism outside the military may be an indication of internal issues all [armed] services will have to face.´
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Struggling automaker Fisker lays
off 160, may file for bankruptcy
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Detroit News, by David Shepardson and Karl Henkel
Original Article
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Posted By: Ribicon- 4/5/2013 5:00:02 PM
Post Reply
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Washington — Fisker Automotive Inc. on Friday laid off about 160 people — most of its staff — as the struggling start-up automaker searches for a buyer or may file for bankruptcy in coming weeks. A company statement confirmed it had laid off about 75 percent of its workforce of around 210 people. "Our efforts to secure a strategic alliance or partnership are continuing in earnest, but unfortunately we have reached a point where a significant reduction in our workforce has become necessary," Fisker said. (Snip) Fisker - which raised more than $1 billion - has around $30 million left. It could opt
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Hackensack officer beaten with
his own nightstick, three others
injured during street brawl
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The Record [Hackensack, NJ], by Dan Ivers
Original Article
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Posted By: Ribicon- 4/5/2013 4:26:48 PM
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Hackensack — A city police officer was beaten with his own nightstick and three others were injured Wednesday night during a violent confrontation with three men, according to officials. Police Director Michael Mordaga said that Sgt. Ben Marino and Officer Matthew Jacobsen were patrolling the high-crime area around Anderson Street when they spotted three men with known criminal histories. As approached 24-year-old Walter Alston, 33-year-old Julius Mitchell and 34-year-old Charles Singletary, Alston rushed the officers, screaming "I´m an animal! I´m an animal!", Mordaga said. Alston, who stands
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Lesbian cop in Raritan sues,
saying town officials discriminated
against her for pregnancy
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Star-Ledger [Newark, NJ], by Seth Augenstein
Original Article
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Posted By: Ribicon- 4/5/2013 1:15:17 PM
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Raritan Borough — A lesbian police officer said the town’s mayor and other officials discriminated against her after she became pregnant, according to a report on MyCentralJersey.com. Kathleen Sausa, 42, told borough officials in early 2011 that she was pregnant with twins, according to the lawsuit she filed Monday in Superior Court. Sausa accuses officials of targeting her after she announced her pregnancy. She claims they refused to grant her family leave or other accomodations during her pregnancy – and also singled her out for a physical “fit for duty” examination, resulting in a suspension, according to the report on the lawsuit.
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Ca. college student body
president is sex offender
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Associated Press, by Staff
Original Article
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Posted By: Ribicon- 4/5/2013 12:19:25 PM
Post Reply
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Riverside, Calif. — When flyers appeared at Riverside City College on April Fool´s Day saying the student body president was a sex offender, students were stunned by the cruel prank. They were even more stunned when they learned it was true. "I was flabbergasted," said Amanda Waring, a theater arts major who works for the school newspaper. "At first people thought it was a joke." Doug Robert Figueroa, 40, who was elected to a one-year term as student body president in May, pleaded guilty in 2005 to kidnapping and lewd and lascivious acts with a boy under 14, the Riverside Press
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Princeton man charged in
fatal crash had mental health
issues, police report says
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Times of Trenton [NJ], by Jon Offredo
Original Article
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Posted By: Ribicon- 4/4/2013 11:49:41 PM
Post Reply
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Princeton — A man charged with causing a car crash that killed a retired Princeton University rabbi last week has a history of mental health problems and was taken to a psychiatric hospital after the crash, officials said today. Eric Maltz, 20, had a previous encounter with police on March 21, when they went to his family´s Braeburn Drive home. His father had called to report his son was "acting out" and throwing things around the house, according to a police report. Police found Maltz’s room “trashed” with various items scattered across the floor and Maltz calmly sitting on his bed, the
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Police: Recent crime pattern
in Englewood targets
Hispanic immigrants
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The Record [Hackensack, NJ], by Rebecca Baker
Original Article
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Posted By: Ribicon- 4/4/2013 1:49:55 PM
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Englewood – Two recent assaults may be part of what police say is a disturbing pattern of attacks against Hispanic immigrants in the city. “We have information that Hispanics are being targeted,” Police Chief Arthur O’Keefe said. “These are not isolated incidents.” The growing number of incidents — about six in the past month — has authorities investigating a potential link to gang initiations and assuring victims that officers won’t check the immigration status of anyone who reports a crime to Englewood police. “The police are not interested in your immigration status,” Detective Capt. Tim Torell said. “If you’re a victim
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Reality Check: Loopholes
Allow Double Dipping
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WPMI-TV [Mobile, AL], by Tami Brehse
Original Article
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Posted By: Ribicon- 4/2/2013 11:35:37 PM
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Mobile, Ala. — In March we told you how much food stamp fraud costs Alabama taxpayers. In a Local 15 follow-up investigation, we found out the problem goes beyond food assistance. Some clients know how to take advantage of the system to double dip in multiple entitlement programs. On paper, Raven Yates is a young, single mother of two who´s out of a job. But when we did a little digging, the reality proved much different. Documents we obtained show in August of 2012, Yates applied and was approved for Section 8 housing for herself and her two kids.
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Most Active Articles (last 48 hours)
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´My bangs are getting
a little irritating´: Michelle
Obama admits she already regrets
her high-maintenance hairdo
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Daily Mail (UK), by Margot Peppers
Original Article
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Posted By: pineledger- 4/7/2013 7:43:42 AM
Post Reply
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Michelle Obama has admitted that she is already tired of the bangs she first sported in January. The First Lady said in an interview with Entertainment Tonight: ´Bangs are a day-by-day proposition. They´re starting to grow out, get a little irritating.´ Still, she hasn´t let her hairdo woes get her down. ´It´s okay,´ she said after her initial complaint. ´We´ll be good.´ The first indication that her hairstyle was becoming a burden came about last weekend, when Malia, 14, was spotted adjusting her mother´s hair during the White House Easter Egg Roll.
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McCain: ´I don´t understand´
GOP filibuster on guns
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Politico, by Jennifer Epstein
Original Article
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Posted By: JoniTx- 4/7/2013 12:18:14 PM
Post Reply
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Sen. John McCain says he doesn´t understand the threats from some of his Republican colleagues to filibuster a bill on background checks to buy guns. "I don´t understand it," the Arizona Republican said on Sunday of the threat coming from Sen. Rand Paul,Sen. Ted Cruz, Sen. Mike Lee and nine other Republicans. "The purpose of the United States Senate is to debate and to vote and to let the people know where we stand.” "What are we afraid of? ... If this issue is as important as we all think it is, why not take ... it up and debate?"
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Christians, here´s why we´re
losing our religion
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Fox News, by Craig Groeschel
Original Article
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Posted By: STLstudent- 4/7/2013 5:13:55 PM
Post Reply
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Recent research indicates that the number of people who do not consider themselves a part of an organized religion is steadily on the rise. Interestingly enough, though the number of those religiously unaffiliated is increasing, there is little to no trend in the number of those who express atheist or agnostic beliefs. People aren’t saying they don’t believe in God. They’re saying they don’t believe in religion. They are not rejecting Christ. They are rejecting the church. This begs the question, “Why are we losing our religion?”
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Broadcasters worry
about ´Zero TV´ homes
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Associated Press, by Ryan Nakashima
Original Article
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Posted By: Ribicon- 4/7/2013 2:43:40 PM
Post Reply
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Los Angeles — Some people have had it with TV. They´ve had enough of the 100-plus channel universe. They don´t like timing their lives around network show schedules. They´re tired of $100-plus monthly bills. A growing number of them have stopped paying for cable and satellite TV service, and don´t even use an antenna to get free signals over the air. (Snip) Last month, the Nielsen Co. started labeling people in this group "Zero TV" households, because they fall outside the traditional definition of a TV home. There are 5 million of these residences in the U.S., up from
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Mother Of Slain Benghazi
Officer To Sean Hannity:
‘They Want Me To Shut Up’
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Mediaite, by A.J. Delgado
Original Article
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Posted By: StormCnter- 4/7/2013 5:00:16 AM
Post Reply
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On Friday, Sean Hannity brought Pat Smith, mother of the late Sean Smith, on his radio program. The 34-year-old information management officer was one of four Americans murdered in the Benghazi embassy attack on September 11, 2012. In the chilling interview, a distraught Ms. Smith, in tears, pleaded for answers and spoke of the efforts to silence her. Ms. Smith first relayed how her son, prior to the attack, requested additional security in advance and warned the State Department: He did tell them, ahead of time, he typed it into his little typewriter over there,
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Vanishing workforce
weighs on growth
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Washington Post, by Jim Tankersley
Original Article
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Posted By: Dreadnought- 4/6/2013 11:28:59 PM
Post Reply
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Put out an all-points bulletin: Millions of Americans have gone missing from the workforce. Every month that those would-be workers are gone raises the odds that they might never come back, dimming the prospects for future economic growth. The vanishing trend is more than a decade old, but it accelerated during the Great Recession. Throughout 2012, economists held out hope that it had stopped. But then came Friday’s jobs report, and hopes were dashed. The Labor Department reported that the U.S. labor force — everyone who has a job or is looking for one — shrank
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Obama critic apologizes for
his ´poorly chosen words´
on gay marriage
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The Hill [Washington DC], by Alexandra Jaffe
Original Article
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Posted By: JoniTx- 4/6/2013 12:18:19 PM
Post Reply
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Neurosurgeon Ben Carson, considered by some to be a potential Republican contender for president, apologized to Johns Hopkins University for the "poorly chosen words" he used in expressing his opposition to gay marriage last month.“I am sorry for any embarrassment this has caused,” Carson said in the letter, reported in New York Magazine.(Snip) "Although I do believe marriage is between a man and a woman, there are much less offensive ways to make that point. I hope all will look at a lifetime of service over some poorly chosen words.” Carson will remain as commencement speaker at Johns Hopkins,
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The Secrets of Princeton
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New York Times, by Ross Douthat
Original Article
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Posted By: Oblio- 4/7/2013 8:08:09 AM
Post Reply
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Susan Patton, the Princeton alumna who became famous for her letter urging Ivy League women to use their college years to find a mate, has been denounced as a traitor to feminism, to coeducation, to the university ideal. But really she’s something much more interesting: a traitor to her class. Her betrayal consists of being gauche enough to acknowledge publicly a truth that everyone who’s come up through Ivy League culture knows intuitively —
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Is going gluten-free
healthier for everybody?
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The Week, by Staff
Original Article
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Posted By: NorthernDog- 4/7/2013 11:28:27 AM
Post Reply
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Gluten-free diets are all the rage, but they can be dangerous if not done right. What is gluten? It´s the spongy complex of proteins, found naturally in wheat, rye, and barley, that gives elasticity to dough and allows it to rise. When flour is moistened and either kneaded or mixed into dough, gluten molecules form an elastic, microscopic latticework that traps the carbon dioxide produced when yeast ferments, causing dough to inflate like a hot air balloon. Baking hardens the gluten, which helps the finished product keep its shape. Wheat — and gluten — is ubiquitous in the American diet.
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Beyonce, Jay-Z celebrate 5th
anniversary in Havana, Cuba
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Los Angeles Times, by Nardine Saad
Original Article
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Posted By: Fiesta del sol- 4/6/2013 8:20:04 AM
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Beyonce and Jay-Z celebrated their fifth wedding anniversary in Cuba this week. The couple, who married on April 4, 2008, took in the sights of Old Havana, visited a school, dined on a rooftop terrace and strolled the fan-filled streets in their island best.(snip).The power couple declined to answer journalists´ questions about their visit to the island nation, but some outlets are reporting that the moguls are there as tourists, though that would be illegal because of the half-century embargo the U.S. has on the Communist country. However, the Miami Herald said Washington has issued special licenses for
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Adam Lanza´s murder spree at Sandy
Hook may have been´act of revenge´
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New York Daily News, by Matthew Lysiak and Rich Schapiro
Original Article
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Posted By: noproblems- 4/7/2013 9:52:58 AM
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Newtown killer Adam Lanza may have launched his murder spree at Sandy Hook Elementary School as an “act of revenge,” the Daily News has learned. A close friend of Lanza’s mother told The News that the troubled boy was a target of relentless bullying when he attended the Connecticut school years ago. “I think Adam felt betrayed by the school and this was his act of revenge,” said Marvin LaFontaine, a friend of Nancy Lanza’s. “Nancy told me he was being picked on at school. That they were just torturing him.”
Source and text corrected by Staff.
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