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hp reported a loss of $8.9bn for its third quarter and, rather handily for its ceo, meg whitman, almost all of that astounding figure came from the write-off of its purchase of electronic data systems (eds) from general motors in 2008. whitman was lucky with the eds write-off because it took the focus away from what was a far more worrying statistic, that all but one of hp's business units saw a decline in revenue. the inquirer (http://s.tt/1lxuy)
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