Bob Wayman, HP’s CFO told a meeting with securities analysts in New York that it would cost $450m to $700m in restructuring charges and an additional $450m to $700m in purchase accounting and goodwill costs.
The final price tag will be between $800m and $1.4bn, but Wayman said he believed the actual costs would likely be nearer $800m.
Wayman pointed out that US job cuts cost less than those in Europe andthe company had still not yet announced which HP and Compaq employeeswould be among the 15,000 that will be let go following the merger.
Most of the restructuring charges would be booked in the 2002 fiscal year, whichends in October, he said.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements