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FUND Sell 07.10.2019 12:14

HP Inc. (HPQ/NYSE): general analysis

Late last week HP Inc. stocks fell to a 52-week low, having lost more than 10% in value after the announcement of the launch of a large-scale business restructuring, which involves a reduction of 7K to 9K jobs in the next three years. The new plan of action will allow the company to save about $1 billion in operating costs and is focused on turning HP Inc. to a powerful software and service center.