What Economic Recovery? Hewlett Packard going down, HP to cut even more jobs in Boise?

“We didn’t make the investments we should have during the past few years to stay ahead of customer expectations and market trends. As a result, we see eroding revenue and profits today.”-Meg Whitman, CEO of HP, February interview

There’s rumors that Hewlett Packard is considering merging its computer production, with its printer production.  Boise, Idaho, is home to a huge HP compound that includes  printer manufacturing.

Analysts say they don’t know what good will come from such a merger, but agree that people are going to lose their jobs: “HP has some massive structural fixes that they need to make, and this doesn’t come close. I don’t see how this changes anything apart from probably giving you an excuse to cut some heads and cut some costs.”-Rob Cihra, Evercore Partners