HP CEO Leo Apotheker has warned staff in a new company memo that the company is likely to face more trouble in its current quarter ending in July. Echoing an outlook warning from February that proved true for the winter, he said it would be "another tough quarter" and demanded that every division cut back on expenses. The company had to "watch every penny" and keep new hires to a minimum, Apotheker said in Bloomberg's version of the note.
