High-tech bellwether Hewlett-Packard Co., which had thought its global reach might insulate it from weak U.S. demand for computers and printers, lowered its earnings forecasts yet again Wednesday and said it is cutting 3,000 management jobs, more than 3 percent of its work force.
When computer makers were fretting during the holiday season about weak sales in the United States, HP's president, CEO and chairwoman, Carly Fiorina, said HP probably would fare better because of its international presence. Nearly 56 percent of HP's revenue comes from overseas.
However, Fiorina told analysts before the stock market opened Wednesday that the dramatic downturn in sales
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Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.