You gotta feel for poor ol' computer maker Hewlett-Packard. The troubled computer maker is struggling due to slow sales growth, razor thin margins and a serious management crisis that saw the company fire a few CEOs before settling with former eBay exec Meg Whitman. That's only the tip of the iceberg.
HP's $1.2 billion acquisition of Palm in 2010 was to breathe new life into the company and provide a lucrative new revenue stream.
It instead turned into an expensive fiasco that cost HP ton of credibility and contributed greatly to a loss of direction. So, what's HP gonna do? Try the smartphone thing again...