Hewlett-Packard have announced its largest ever quarterly loss of $8.9 billion as the U.S. computer giant was forced to write down the value of asset Electronic Data Systems, a technology consulting service it bought for $13 billion in 2008.
“HP is still in the early stages of a multiyear turnaround, and we’re making decent progress despite the headwinds,” said Meg Whitman, president and chief executive officer, in announcing results for the fiscal third quarter. HP was forced to book a loss under accounting rules, to reflect the lower value of some assets. The Silicon…
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