HP forecast beats Street, CEO says overhaul taking hold
SAN FRANCISCO (Reuters) – Hewlett-Packard Co’s quarterly revenue and forecasts beat Wall Street expectations as it continued to cut costs under CEO Meg Whitman’s turnaround plan, sending the No. 1 personal computer maker’s shares up over 5 percent. Whitman, who took the helm over a year ago after a failed bid to become governor of California, has launched a years-long turnaround to recapture some of the Silicon Valley icon’s former growth trajectory. . . .
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