Hewlett-Packard reported quarterly profits today. They were lousy, but that’s not really the headline.
The company had to take a nearly $9 billion writeoff on an acquisition it made a year ago. HP says it thinks there were accounting discrepancies at Autonomy, and that it has asked the SEC to look into things. To make matters worse, HP’s trying to find its way in a high-tech world that’s moving past printers and PCs.