Renowned short-seller, Jim Chanos of Kynikos Associates informed the conference of his view that Hewlett-Packard Company (NYSE:HPQ) was the “ultimate value trap.”
Suggesting that a growth policy built on a foundation of acquisitions could very dangerous, Chanos said that Hewlett-Packard Company (NYSE:HPQ) was only succeeding in destroying value through its acquisitions, and of particular note was Autonomy.
Chanos likened HP to one of his most famous short trades – Kodak, and said HP was in declining businesses, and claimed “They’re hiding their...
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