Items tagged with Electronic Data Sense
HP has just announced that it will write off $8 billion dollars worth of goodwill due to poor performance of its Enterprise Services sector. In highly related news, the previous head of that segment, Jim Visentin, has quit to "pursue other opportunities." The move is seen as a readjustment in value of the properties HP acquired when it purchased Electronic Data Systems in 2008 for $13.2B. Do the math -- HP apparently thinks it overpaid, or is dubious of its long-term ability to compete with IBM. Visentin has been replaced by Mike Nefkens, with Jean-Jacques Charhon serving as chief operating officer for the embattled business unit. HP's $8B writeoff is an oddly high figure, given the performance...
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