HPQ down 12%!!! HPQ revenue $30 billion, misses Exp. $30.41 billion!!! HP says Autonomy accounting fraud led to overvalue itself by over $5 BL!!!

zerohedge‏@zerohedge

HPQ revenue $30 billion, misses Exp. $30.41 billion

Business Insider‏@businessinsider

HP Announces HUGE Writeoff Due To Accounting 'Improprieties' At Autonomy And Ugly Guidance — Stock Tanking [link to read.bi]

zerohedge‏@zerohedge

HP says Autonomy accounting fraud led to overvalue itself by over $5 billion.

zerohedge‏@zerohedge

HPQ down 10%

zerohedge‏@zerohedge

Hewlett Packard Implodes After Disclosing Accounting Fraud At Autonomy plc Business [link to www.zerohedge.com] …

Black swan?

zerohedge‏@zerohedge

HPQ paid $10.3 billion for Autonomy plc. HPQ's market cap when it opens today will be $24 billion

Business Insider‏@businessinsider

UPDATE: HP SHARES NOW DOWN 11.7% AFTER HUGE WRITEOFF [link to read.bi]

4 minzerohedge‏@zerohedge

HPQ back to 1994 levels

Wait till this same thing happens with the large banks. The large banks have been buying the smaller locals for years....


Due Dilligence is a bitch, and something is always hidden.

12 szerohedge‏@zerohedge

HP CEO SAYS `HAVE TO RELY' ON AUDITED FINANCIALS. Hello Deloitte


23 szerohedge‏@zerohedge

HP CEO SAYS TWO MOST RESPONSIBLE FOR AUTONOMY DEAL `ARE GONE'. the last CEO one of them?

Great time to buy HP stock.

They only missed by $410 million.

zerohedge‏@zerohedge

HPQ CDS 372/385, +30

Business Insider‏@businessinsider

HP Is Asking For A 'Criminal' Investigation To Shady Accounting From The Company It Bought For $10 Billion by @jyarow [link to read.bi]

Business Insider‏@businessinsider

Jim Chanos Nailed The HP Debacle In One Slide [link to read.bi]

and Meg Whitman will run HPQ into the ground.

women suck as CEO's.

HP is a dinosaur.

wouldn't touch the stock.

you planning on buying a PC or printer for Xmas?

How is it a dinosaur?
Yes they do have Gpu problems on their motherboards, that doesnt make them old.

secular decline in markets they serve.

thats a dinosaur

Our World Is Unraveling: Ongoing Crises Will Worsen In 2013 And Combine Into A Gigantic Crash

[link to investmentwatchblog.com]

I would agree with that, there are a lot of things coming into play right now for Jan 1, 2013. Rising taxes, Obamacare mandates, capital controls in the form of a 30% tax to people moving money to countries favored by expatriates, capital controls of cash availability, New Basel accords going into effect.

I think they are intentionally engineering a crisis of confidence in the currency and the system so that the BRICS, Europ, and the U.S.A can release currency backed by a basket of commodities. This release will be coordinated, valuations of the individual currency will be agreed too, and will be in response to a hyperinflationary event (a total loss of confidence in the system).

By the end of this crisis there will be a bank holiday, where you account will be slashed to reflect the deflated currency value, and you will be asked to turn in (just a guess here) $200 of your old fiat currency for $100 of the new commodity backed currency.

The evidence of timed capital controls, tax increases in the middle of an economic slowdown, Obamacare madates coming into effect, paper cash being drawn down to historically low levels, the Fed and other countries suddenly concerned with auditing and possibly repatriating their gold holdings around the world, the evidence of possible (at least partial) gold backing on the new Series 2013(?) $100 bill, new Basel Tier I adjustments to what may be used as "super" capital in bank accounting going into effect...

All of this leads me to one conclussion, they are getting ready for something big...

Last Edited by Saddletramp on 11/20/2012 10:22 AM

They primarily serve the business market, and their continual success in that market is what has kept me gainfully employed for over 12 years now.

If it isn't an HP logo on the business PCs getting shipped out in he near future, it will be one of a making by the same makers.

And I'll still be sitting pretty doing the same job for the same contractor after the 'dinosaur' has been retired behind the veil of illusion that you see as reality.

BUY..? are u smokin pot?

was watching madd money the other day...the host/cant remember name/ said that anytime a stock has accounting problems....its time to SELL SELL SELL

If you do Technical Analysis as I do you would see that chart CPQ chart is on a rather solid downward trend for the last year.

This accounting problem will do nothing to break that trend....nor will Obama's economy which is about to get worse.

Kramer is right on this call.....and it makes a for a very good stock to use PUT strategies on.

HP has a very bad image problem that's all, look at all idiots that think HP is a only PC company. Yes PC/laptops are a dying market, though they represent less than a 1/3 of the company revenue, 15% of the company operating margin.

Huge buy here, great turn around potential, no 1 or 2 in mostly all there businesses, shit load of innovation in the pipeline, memristors, moonshot, gram to name a few. Just wish they would be better at communicating what they are good at not what they suck at.