What to do with shares in HP?

As previously documented here at the blog, CCI had taken a position in Hewlett Packard (HPQ).
The good news the position was entered via options so the purchase price was at a slight discount. The bad news the stock  plunged badly on the news of their potential sale of the PC unit, acquisition of Autonomy and reduced earnings expectations.

Now that the dust is settling, it is time to figure out what to do with these shares. 

After some analysis, I documented my go forward strategy with HPQ in this article at seeking alpha.com.

We will track progress of this position here at the blog.