HP CEO: company will struggle to be profitable in 2013, stocks near a nine-year low

It’s been just over a year since Meg Whitman took over as CEO with hopes of turning the struggling company around, and so far the results haven’t gone as hoped. According to _Reuters_, Whitman said at HP’s annual investor meeting that it will take until 2014 for the company’s turnaround to become visible, and as such the company will struggle to be profitable over the next year. Along with this news, HP’s stock price has dropped 10 percent as of this writing and sits near a nine-year low point. Whitman pointed to lack of clarity around the company’s strategy as well as heavy executive turnover for the company’s struggles, saying “the single biggest challenge facing Hewlett-Packard has been changes in CEOs and executive leadership, which…

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