“Just think of all the value that they have destroyed. It has been a case of just horrible management.”-Brian Marshall, ISI Group

23 September 2012, the past month has been a busy month of announcements from struggling computer maker, Hewlett Packard (HP).

At the end of August, HP reported a quarterly loss of $8.9 billion USD! (Dell computer maker also reported a big loss)  Then at the beginning of September, HP officials announced they will layoff 29,000 employees by 2014, that’s an increase of 2,000 from their layoff announcement in May of this year.

HP blamed the quarterly loss on down sales, and the cost of downsizing the company!

According to an Idaho Statesmen report, HP spent $50 million, over the past few years, downsizing its operations at the huge Boise HP campus.

The report also pointed out that HP is refusing to publish just how many people have lost their jobs at the Boise campus.  The Idaho Statesmen estimates it to be in the hundreds (at least 320).

HP also isn’t mentioning the fact that they’ve spent more than $40 billion on buying up worthless companies!

Just days ago a U.S. Senate investigation revealed that HP is one of thousands of unAmerican Corporations (including Microsoft) that are working hard to avoid paying taxes.

“The bottom line of our investigation is that some multinationals use our current tax system to engage in shams and gimmicks to avoid paying the taxes they owe.”-Carl Levin, Senator from Michigan

The Senate Permanent Subcommittee on Investigations discovered that HP avoided paying $4.5 billion in taxes, from 2009 to 2011, by using complicated offshore loan deals  (you see it’s not just Mitt Romney, everyone in unAmerican Corporate America does it).

Of course HP officials deny it: “I can assure the committee that HP takes seriously its obligations to accurately follow accounting principle and to pay taxes that it owes.”-Lester D. Ezrati, HP

HP also has operations in Israel, and today it was announced that HP is in the running for a huge military contract worth half a billion USD!  (IBM, Dell and Lockheed Martin have also bid)

The contract will be for a new huge Israeli Defense Forces (IDF) computer server farm based in the Negev desert.  It will be the main server farm for electronic logistics, communication and military intelligence operations being run by other newly built bases in the Negev.