21/11/2012 12:05:00

Kynikos' Jim Chanos Says Still Short Hewlett-Packard -CNBC

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Jim Chanos said on CNBC Wednesday he is "still short" shares of Hewlett-Packard Co. (HPQ).

Mr. Chanos, who runs hedge fund Kynikos Associates, said in July he was short selling the personal computer maker arguing they were in "declining businesses."

"Unless they come up with a tablet or mobile strategy, they're still a value trap for investors," he said.

He added he didn't think there would be additional headline risk from H-P's investment in software maker Autonomy.

Full story at www.cnbc.com

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(END) Dow Jones Newswires

November 21, 2012 07:05 ET (12:05 GMT)

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