Many media stories this week have reported that HP is planning to sell their PC division. Their excuse is that sales are sluggish and the computer division has a low profit margin. This is not the real reason. Clearly their bean-counters realize that Obama-care and promises of higher taxes will kill the PC division so they are having the firesale now. The economic excuse is not present conditions but future ones that have prompted this pre-emptive fire sale.
- August 20, 2011
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