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The 10 Biggest HP Stories Of 2012

From never-ending financial struggles, to reorganizations, layoffs, new faces and products, HP was a whirlwind of major developments in 2012. CRN examines the 10 most important.

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9. HP Enterprise Services Runs Into Turbulence

While it was common knowledge that HP overpaid in its $13.9 billion acquisition of EDS in 2008, the company finally put a dollar figure on its folly when it wrote down $8 billion from the deal. Sources told CRN in September that HP had been looking for a buyer for EDS but was unable to find one, though HP denied this. Meanwhile, HP acknowledged that its Enterprise Services division has been suffering from outdated internal systems and slowing demand for IT services. HP replaced Enterprise Service chief John Visentin (pictured) with Mike Nefkens and revealed plans to implement Salesforce CRM and other IT upgrades. Whitman believes HP can fix its problems in Enterprise Services, but it's fair to wonder how much time the company has to pull this off.

 
 
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