The Warren Buffett-led conglomerate Berkshire Hathaway has cut its stake in HP to 5.2%.
Breaking News
HP Inc. has disclosed its earnings report on Wednesday for the first quarter ended on January 31. The Californian PC manufacturer has posted 16% decrease in earnings, in which strong Dollar is believed to contribute a huge. Keeping the currency value in place, earnings have been slashed by only 5%.
HP will be split into two entities as Hewlett-Packard Enterprise Co. and HP Inc. It will be completed on Nov. 1. The restructure will slash 30,000 jobs. HP Board of Directors announced in a news release its split into two independent firms; HP Inc. and Hewlett-Packard Enterprise. HP Inc. will operate the company's printing and personal systems businesses. Alongside, Hewlett-Packard Enterprise will focus on technology solutions including Software and Financial Services, Enterprise Group, and Enterprise Services.
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