The following appears on blomberg.com
By Brian Womack – HP Inc. said it will use the gains from a divestiture announced earlier this week in its printing business to reduce built-up inventory at distributors as it grapples with changing demands in its industry.
The company’s move will reduce revenue in the supplies category, including items like ink cartridges and toner, by about $450 million over two quarters, Chief Financial Officer Catherine Lesjak said Tuesday on a conference call with analysts.
