H-P to Unveil Major Restructuring

Hewlett-Packard Co. is expected to announce a restructuring at the giant computer and printer maker on Tuesday, a person familiar with the situation said, in what would likely be the biggest action so far by new Chief Executive Officer Mark Hurd.
Details of the restructuring couldn't be learned and the timing of the announcement could change. Some Wall Street analysts say thousands of layoffs could be involved. An H-P spokesman declined to comment.

Source: WSJ

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Posted: Thu - July 14, 2005 at 08:16 PM