HP Considers Selling Underperforming Businesses

2013-01-07 16:02:04

Published on 2013-01-07 16:02:04

Ink company HP is considering the option of selling businesses that do not meet their objectives.

The ink specialist admitted that any possible sale could lead to drawbacks, with difficulty finding buyers and alternative exit strategies both cited as potential problems.

In its 10-K filing with the US Securities and Exchange Commission on December 27th, HP said: "We also continue to evaluate the potential disposition of assets and businesses that may no longer help us meet our objectives."

However, the firm explained that any difficulties in selling businesses could delay the achievement of its strategic objectives.

HP recently announced that its revenue for 2012's fourth quarter fell by seven per cent when compared to the same time in 2011.

The figures stand at $30 billion (£18.5 billion), with the company also recording a GAAP net income loss of $6.9 billion.

These statistics have been attributed to a $8.8 billion write-down for the $11.1 billion Autonomy acquisition, which happened as a result of accounting fraud.

Posted by Barry Ashmore.

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