HP Shares Fall Heavily As Search For CEO Begins
News Business & Government
HP's market capitalisation fell below $100 billion for the first time in more than one year as the world's biggest computer manufacturer, in terms of revenues, recover from the damaging scandal that hit its CEO, Mark Hurd. Shares of the company hit a one year low falling from $46.25 to $41.85, a fall of nearly 9 per cent, before close on Friday after the resignation of Hurd following an inquiry over allegations of improper conduct. Hurd has been credited with turning HP...
10 Aug 2010 by
Desire Athow
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