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HP May Have To Split Up

Tue, 11/20/2012 - 5:11pm
CNN Money

Once the pride of Silicon Valley, HP's write-down and sales woes could force the company to make drastic changes to stay competitive. Hewlett-Packard Co. said Tuesday that a British company it bought for $10 billion last year lied about its finances, resulting in a massive write-down of the value of the business. Shares dropped on pace toward a 10-year low.

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