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HP Profit Jumps on Cost Cuts, New Market Expansion...
Hewlett-Packard Co.'s cost-cutting and push into new markets is helping soften the blow from weakness in the company's mainstay businesses. HP reported big revenue declines in four of its main divisions — PCs, servers, software and printers — in the latest quarter. A bright spot was technology services, a division HP beefed up last year with the $13.9 billion acquisition of Electronic Data Systems and which posted better profits. HP is eliminating 24,600 jobs as part of that takeover. (google.com)

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