HP to cut 27,000 jobs to save up to $3.5B annually
That's a lot of Simoleons. But it wasn't so long ago that...
Hewlett-Packard Co. (HPQ), the world’s largest computer maker, plans to buy back $10 billion of its stock, part of an effort to buoy its languishing shares.
The plan comes in addition to the an earlier buyback plan announced last year, Palo Alto, California-based Hewlett-Packard said today in a regulatory filing.
Maybe they are pursuing the best course for shareholders. Most likely they're pursuing the only course they understand. Close to the same thing, but not quite.
Basically, they're Baining themselves.