Matt Brian, reporting for The Next Web:
HP believes that its earnings-per-share will rise to $1.00 in itsthird fiscal quarter, up from previous estimates of $0.94, butwill exclude the hefty $8 billion impairment charge that itexpects to record in the same period.
The $8 billion charge has been derived from an overview of HP?sstock, taking in market conditions and business trends in itsServices segment. This basically means after it assessed andtested the value of its assets (or goodwill), it has determinedthat its Services business may be overvalued. As a result, it hasto issue an impairment charge on its balance sheet to take intoaccount the reduced value of its goodwill.
I have no idea what this actually means.?