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As HP Outlines 5-Year Recovery Plan, Its Stock Price Crashes To A 9-Year Low

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http://techcrunch.com – Watch out below! HP’s stock is tumbling to new lows as the company lays out its 5-year recovery program. Wall Street clearly doesn’t like what it’s hearing either. HP’s stock opened at $17.35 and maintained this price throughout the day until it suddenly, nearly violently, crashed to where it sits now at 10% down for the day at $15.50, a 9-year low. The plan outlined by HP’s top leadership today calls for a long-term recovery program. Sustained growth is not expected until 2015. The company also provided a financial outlook for fiscal 2013 indicated that non-GAAP (IT news)