Jim Chanos on Why HPQ is a Good Short

Renowned short-seller, Jim Chanos of Kynikos Associates informed the conference of his view that Hewlett-Packard Company (NYSE:HPQ) was the “ultimate value trap.” Suggesting that a growth policy built on a foundation of acquisitions could very dangerous, Chanos said that Hewlett-Packard Company (NYSE:HPQ)  was only succeeding in destroying value through its acquisitions, and of particular note was Autonomy. Chanos likened HP to one of his most famous short trades – Kodak, and said HP was in declining businesses, and claimed “They’re hiding their R&D spending through acquisitions.” His view was that laptops will continue to lose share to tablets and other portable devices. Though the stock…