HP: Short Seller Chanos Sees ‘The Ultimate Value Trap’

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HP: Short Seller Chanos Sees ‘The Ultimate Value Trap’

HPQ

Linked by The Tech Trade ( track newsfeed | ignore newsfeed ) - July 18, 05:49PM from (www.forbes.com)

Short-seller James Chanos think Hewlett-Packard is "the ultimate value trap." Speaking an investment conference in New York, the president and found of Kynikos Associates said that HP has been hiding the true costs of its R&D with repeated acquisitions. He contends that once the various deals are taken into consideration, revenues and cash flow at ...

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