Hewlett the Dogs Out: H-P Warns Again, Plans More Firings

Printing and computing giant Hewlett-Packard (HWP Quote) warned Thursday that fiscal third-quarter sales would fall below well-lowered expectations, and set plans to fire 6,000 more workers.

The Palo Alto, Calif.-based company said that it now expects third-quarter sales to fall 14% to 16% from the prior year. H-P cited the same deterioration of global demand it cited when it warned at its semiannual analyst meeting in June of slower-than-expected sales for its third quarter, which ends July 31.

"Economies around the world continue to weaken as we move through the quarter," said CEO Carly Fiorina in a statement, adding that hardest hit was the consumer business, where the company expects sales to decline 24% from the prior year. ...