HardOCP News
[H] News
- Joined
- Dec 31, 1969
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Ouch! That's not much of a vote of confidence, is it? Well, you have to give HP credit for establishing the "CEO-for-a-year-and-get-a-multi-million-dollar-severance-package-when-you-are-fired" trend.
Hewlett-Packard Co.'s stock sank Friday to its lowest level in six years, as investors worried that new CEO Meg Whitman isn't the right person to turn the company's fortunes around. The stock was down 90 cents, or 4 percent, at $21.90 in midday trading. In the morning, the stock hit $21.50, its lowest level since May 2005. Broader market gauges were up slightly after a week of volatile trading.