Hewlett-Packard said today that it is swapping executives in its enterprise services unit and taking an $8 billion charge to write down goodwill associated with the division. HP also noted that more employees are taking early retirement packages than previously expected.
In a statement with a bevy of moving parts, HP said that its non-GAAP earnings in the third quarter would be better than expected. However, HP's reshuffle of the services unit as well as the goodwill charge indicate that the company hasn't quite figured out how to compete with IBM. HP Enterprise Services revenue, which accounts for … Read more