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To: Dennis 3 who wrote (50123)	11/21/2012 11:43:24 AM
From: Madharry	Respond to of 78748

hpq heard a commentary on cnbc blaming the board and the now ceo for approving to bad large acquisitions also notes that 8 investment banks received fees for their work in this latest fraudulent acquisition. he furthur notes that hp paid twice its current market cap for these two acquistions. just show you how easy it is to destroy capital these days. I always like to tell the story i heard decades ago from a colleague who was working for a guy who was conglomerating companies. they went out to look at a box maker and his boss kept acting stupid questions. my friend knew his place was to walk with his boss and keep his mouth shut and so he did. at one point they came across this huge room packed with older box equipment that wasnt being used. they all assumed it was equipment that they either hadnt gotten rid of or was in process of being repaired. anyway they bought the company and despite all their attempts to streamline operations they could never achieve the profits the seller made. after a couple of year they finally find out that the guy had a sideline. his daughter was a pilot and they would go out to auctions all over the country and buy used box making equipment and resell them at a profit. but they never found about that aspect of the business until a couple of years after they bought the business.