News of more challenges for Hewlett-Packard Co. (NYSE: HPQ) as Kevin McLaughlin of CRN reports the vendor’s services division will take an $8 billion hit in Q3 relating to its acquisition of EDS Corp. A key executive is also leaving:
”HP also announced that John Visentin, who last August replaced the retiring Tom Iaonotti as head HP of Enterprise Services, is leaving the company “to pursue other interests.” Mike Nefkens, the London-based senior vice president and general manager of the EMEA branch of HP Enterprise Services, will replace Visentin on an acting basis, HP said.”
(Click here to read HP Services Takes $8 Billion Charge From EDS Deal; Services Chief Departs)
Odd to see this write-down happening some four years after the acquisition of EDS (has it really been that long?. At this rate it will be years before the cost of Léo Apotheker’s brief tenure at HP’s helm is tallied. EDS was well before his time, but the $10.3 billion Autonomy deal could prove costly.
Speaking of which, the article notes HP still seems to have no channel strategy for the information management software vendor. Maybe the new guy could work on that.
