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CNBC Power Lunch October 3, 2012



closely. before we drill down on those key issues that will drive tonight s debate we want to begin with brake breaking news on the corporate front. shares of hewlett-packard down 7%. ceo meg whitman meeting with animal listings right now. the stock is trading at $15.91. jon fortt is in silicon valley. reporter: hp shares in free fall today as ceo meg whitman sets the ball even lower than wall street spenexpected saying fiscal 2013 earnings will be between $3.40 and $3.60 per share, versus expectations of $4.05. she says the turnaround will take four or five years an when she arrived, hp was broken at almost every level. a wrong product, an organization that wasn t targeting customers by country and a lack of specific measurable area. hp business executives are going to be addressing analysts. whitman says profits will erode across practically every segment. the pc and printing group will talk a bit about tablets but mostly about cutting back on the different models t ....

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