HP's 3rd quarter results hurt by budget PCs

HP this afternoon revealed mixed results for its quarter ended in October. The company's net earnings climbed 14 percent year-over-year to $2.4 billion, but its revenue dropped by 8 percent to $30.8 billion in the same time frame. It credits the profit boost to cost-cutting measures but saw its revenue drop across the board in every category, including the Personal Systems Group that handles its common PC business....

Source : http://www.electronista.com/articles/09/11/23/hp.q...