SAN FRANCISCO (AP) — A leaked memo from Hewlett-Packard Co. CEO Leo Apotheker warning of "another tough quarter" underscores the urgent concerns about the technology heavyweight's growth strategy and the challenges facing its new leader.
Reports of the May 4 missive from Apotheker to his top executives surfaced late Monday, sending HP shares tumbling. HP abruptly moved up its earnings report to Tuesday morning. It had originally been scheduled to Wednesday afternoon.
The jitters reflect investors' anxiety about what is essentially a classic big-company problem — with a twist.
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