HP sinks as investors flee business revamp

Started by Reuters, Aug 20, 2011, 09:02 AM

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Reuters

Aug 20, 2011, 09:02 AM
NEW YORK/BANGALORE (Reuters) - Shares of Hewlett-Packard slumped by more than 20 percent to a six-year low on Friday as investors wiped about $16 billion off the market value of the world's biggest PC maker in a resounding rejection of its plan for a major shake-up.

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