HP profit still is up despite an EDS lawsuit-prompted revision
Despite a legal issue tied to its 2008 purchase of Electronic Data Systems that required revising its fiscal first-quarter earnings ended Jan. 31, Hewlett-Packard reported a profit of $2.25 billion, a healthy increase over a profit of $1.86 billion a year earlier. EDS is in court over a CRM system deal it made with a British TV broadcast group, and HP is hoping to appeal a court decision regarding a court-mandated fine.
Wall Street Journal, The
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This story published in CEA SmartBrief on 03/09/2010
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