HP profit falls as PC and server sales decline

Hewlett-Packard reported a 32 percent drop in profit for its second fiscal quarter, due partly to slower sales of PCs and servers. HP's revenue for the quarter, ended April 30, was $27.6 billion, down 10 percent from the same period last year, the company announced Wednesday. The company is battling to turn itself around after some strategic missteps, but it's doing so against the headwinds of a shrinking PC market and lackluster economy. Revenue from HP's massive PC division fell 20 percent in ...