PC giant Hewlett-Packard  has recently said it was taking an $8.8 billion impairment charge related to its 2011 acquisition of British software maker Autonomy. That was a deal put together by ex-CEO Leo Apotheker. The big twist in this story is that HP says Autonomy defrauded it by fudging the numbers and overvaluing itself. Current CEO Meg Whitman has now overseen approximately $20 billion in writedowns. Going forward, HP needs to refocus on products, which is exactly what Whitman said on the conference call. It will launch tablets running Microsoft  Windows 8, then eventually a smartphone to challenge Apple  and Google .

It's been a frustrating path for Microsoft investors, who've watched the company fail to capitalize on the incredible growth in mobile over the past decade. However, with the release of its own tablet, along with the widely anticipated Windows 8 operating system, the company is looking to make a splash in this booming market. In this brand-new premium report on Microsoft, our analyst explains that while the opportunity is huge, the challenges are many. He's also providing regular updates as key events occur, so make sure to claim a copy of this report now by clicking here.

The article HP's Monstrous Writedown originally appeared on Fool.com.

Fool contributor Evan Niu, CFA, owns shares of Apple. The Motley Fool owns shares of Apple, Google, and Microsoft. Motley Fool newsletter services recommend Apple, Google, and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Behavioral Finance

Why do investors make the decisions that they do?

View Course »

Introduction to Economic Indicators

Measure the performance of the economy.

View Course »

Add a Comment

*0 / 3000 Character Maximum