HP Cites HDD Shortage, Poor Execution for Downer Earnings Report

The IT giant reports on its earnings call that its revenue, profit and profit margins were all down from the previous year and that it will undertake a long-term process of recovery. - Even IT companies need to upgrade their own internal systems every so often, and it looks like Hewlett-Packard the world's largest supplier of IT hardware, software and services by sales volume may soon become one of its own best customers.
Admitting that it needs to improve its supply chain and g...