OT: Wow HP....

User Forum Topic
Submitted by flu on August 6, 2010 - 1:21pm

All I can say is WOW....Time to short this sucker asap....

http://www.nytimes.com/2010/08/07/busine...

Hurd imho was the only reason why HP is still churning out decent numbers... Damn, so I'd say short this sucker asap... This is going to be an interesting sinking ship after Hurd leaves...

HP CEO Hurd resigns after sexual-harassment probe
HP CEO Mark Hurd steps down in wake of sexual-harassment claim, CFO named interim CEO
PALO ALTO, Calif. (AP) -- Hewlett-Packard Co. said CEO Mark Hurd is stepping down following a sexual-harassment probe that found other violations of company standards.

HP said Friday that Hurd decided to leave after the investigation into a sexual-harassment claim made against him and the company by a former HP contractor. The probe concludes that the company's sexual-harassment policy was not violated, but that its standards of business conduct were.

In a statement, Hurd said that during the investigation he "realized there were instances in which I did not live up to the standards and principles of trust, respect and integrity that I have espoused at HP." He added that he believed it would be "difficult to continue as an effective leader at HP."

Hurd and Robert Ryan, HP's lead independent board member, stressed that Hurd's departure has nothing to do with the company's financial health.

The technology company named Chief Financial Officer Cathie Lesjak as its interim CEO.

HP says a board committee will search for a new CEO.

Lesjak, who has been at HP for 24 years, will continue to act as CFO. She decided not to be considered for the position of permanent CEO, the company said.

------------------------------------------

Imho,


Hurd and Robert Ryan, HP's lead independent board member, stressed that Hurd's departure has nothing to do with the company's financial health.

Not yet, but it will be...

Mark today: HPQ: $46 and change.

Submitted by AN on August 6, 2010 - 1:53pm.

Should I take the flu contrarian approach on this one and buy some HPQ? :-D

Submitted by flu on August 8, 2010 - 12:04pm.

AN wrote:
Should I take the flu contrarian approach on this one and buy some HPQ? :-D

Too late. It's $42 AH now. Samnit... I just closed my short position this morning...See, I never make the right decisions!!!!

Locked my refi 2 days too early..
And now exited a short position 1 day too early...
And having purchased VXX recently, the markets have been less volatile and even moving up...

Someone just hit me with a 2x4, please....

Regarding HP.. It's done. I don't think we'll be seeing $40+ share prices anytime soon.. Hurd turned around NCR, did the same thing at HPQ...Not going to be easy finding a replacement...

If I were a shareholder and or long on HPQ, I would be pissed that Hurd's hormones just wiped off about 10 billion market cap off of HP...And he gets a 20+ million golden parachute for doing it too..
Hope the chick was worth it.

http://www.google.com/finance?q=hpq
Lol...

Submitted by outtamojo on August 7, 2010 - 12:15am.

What, surfin the internet for porn while at work not good enuff for Hurd - he had to try and get the real thing, what kinda techie is THAT?

Submitted by flu on August 7, 2010 - 4:51pm.

outtamojo wrote:
What, surfin the internet for porn while at work not good enuff for Hurd - he had to try and get the real thing, what kinda techie is THAT?

Apparently, he's getting 28million to resign....The irony, isn't it????

http://valleywag.gawker.com/5607135/alle...

My favorite line (tongue and cheek, of course)

So, new plan for financial success: Get accused of sexual harassment at the world's largest tech company.

Submitted by UCGal on August 7, 2010 - 5:05pm.

Wow - Carly only got $20 Million when she was fired.

I need to tack some letters after my name (CEO) so if I get canned I get more than a couple weeks pay and the right to cobra benefits. Hmmm UCgal, CEO... has a nice ring to it.

Submitted by flu on August 8, 2010 - 12:10pm.

UCGal wrote:
Wow - Carly only got $20 Million when she was fired.

I need to tack some letters after my name (CEO) so if I get canned I get more than a couple weeks pay and the right to cobra benefits. Hmmm UCgal, CEO... has a nice ring to it.

I Lol'ed at one of valleywag's commentators...


" Man I wish I had a penis, I'd be on a harassing rampage till it paid off!"

A few things to look forward to this coming week for HP...

1)Damage control from HP...Execs/press releases coming out stating that HP's finances are fine and sound. That this was limited to only Hurd's personal expense report

(probably true)

2)Interim CEO claiming that HP's business will be as usual. And that there is no near term/mid term impact

(yeah right...HP lacked a succession plan...hence why they need to find a replacement CEO...Hey maybe they should rehire Fiorina if she loses the election, so that Fiorina can offer to go buy Dell and sink HP....again.....)

3)One or more shareholder's lawsuits because Hurd just wiped out 10billion in market cap...If I were the contractor, I'd have a pretty big ego right now....

Lol...In all, I think this thing is pretty funny...

Submitted by flu on August 20, 2010 - 6:56am.

Quote:

All I can say is WOW....Time to short this sucker asap....

http://www.nytimes.com/2010/08/07/busine...

Hurd imho was the only reason why HP is still churning out decent numbers... Damn, so I'd say short this sucker asap... This is going to be an interesting sinking ship after Hurd leaves...

...And I soooooo called this one.....

http://finance.yahoo.com/q?s=hpq

52 week low, even after decent earnings today....

HPQ: $39.88

(Too bad I didn't short it. But then, it would have gone up if I did :))

Submitted by flu on August 23, 2010 - 7:14am.

There she goes...

http://finance.yahoo.com/q?s=hpq

HP's washed up for the next few months.

Sorry folks. I just hate this company. Evil company with those evil print cartridges that expires early :)

F.u. HP...

Submitted by flu on September 6, 2010 - 11:08am.

well, time to stock up on Oracle...... :)

http://finance.yahoo.com/news/AP-source-...

AP source: Ousted HP CEO Mark Hurd in talks with Oracle over job

Submitted by all on September 7, 2010 - 8:36am.

The meme on the notoriously reliable slashdot is how Hurd got the HP numbers up by decimating their R&D budget and selling the seed corn.

Submitted by flu on September 7, 2010 - 11:45am.

captcha wrote:
The meme on the notoriously reliable slashdot is how Hurd got the HP numbers up by decimating their R&D budget and selling the seed corn.

Yeah, but that's exactly what Oracle needs to do and eliminate the waste. Glad I'm not in enterprise software development anymore. It's going to be a mess in that industry for years to come...But consolidation is absolutely what is necessary....Too many companies doing too many things. And there's plenty of consolidation that needs to happen at Oracle among

Peoplesoft, Siebel, JD Edwards, Oracle Apps (before all the acquistion), BEA, Sun, Portal. I'm sure there's other things Oracle swallowed that I forget.

There isn't anything "innovative" in the enterprise app space as of right now that IT/tech shops are screaming that they need. They just need everything to work well together, which up until recently hasn't been possible with so many diferent companies running their own turf... Now with Oracle dominating the market and have both a hardware+enterprise software solution that can be bundled together, that will be interesting. Probably is that if they really put the screws on a company like IBM or SAP, there won't be that many competitors which will be bad news for customers in the future. IBM ultimately made a huge mistake by not attempting to acquire sun.

Submitted by flu on September 7, 2010 - 11:53am.

Lol... HP once again demonstrating it's retardedness.
Dude, you asked the guy to leave.

http://www.nytimes.com/2010/09/08/techno...

SAN FRANCISCO — The computer maker, Hewlett-Packard, has gone to court to try and stop its former chief executive, Mark V. Hurd, from joining a rival, Oracle.

H.P. filed a lawsuit Tuesday in a California state court.

Late on Monday, Oracle announced that Mr. Hurd had joined the company as a president and a director. Mr. Hurd resigned from H.P. one month ago, after an investigation by the board into a personal relationship with a contractor turned up questionable expense reports.

Oracle’s chief executive and largest shareholder, Lawrence J. Ellison, a personal friend of Mr. Hurd’s, had criticized H.P.’s board last month in an e-mail message, saying it was “the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago.”

Oracle’s decision to hire Mr. Hurd presented Silicon Valley with a true soap opera, filled with fierce business dealings and saucy relationships.

H.P. has long been one of Oracle’s largest partners in the business computing market. H.P. sells the computer servers and storage systems that customers use to run Oracle’s database software. But Oracle has just acquired Sun Microsystems, one of H.P.’s longtime rivals in the hardware market.

Oracle has, in particular, used Sun’s technology to build a new line of data warehousing systems that can sort through huge volumes of information like sales trends, pricing and inventory levels.

Before joining H.P. as its chief executive in 2005, Mr. Hurd was chief executive of NCR, which had the leading data warehousing technology.

He arrived in Silicon Valley five years ago, seeking to prove himself as a chief executive on the biggest stage.

He succeeded in that respect by pushing H.P. past I.B.M. as the largest technology company and turning in some of the most consistent financial results in the industry.

But Mr. Hurd’s time at the top came crashing down after H.P.’s board began investigating sexual harassment claims presented by Jodie Fisher, a former contractor.

The company discovered that Mr. Hurd authorized paying Ms. Fisher, a 50-year-old former actress in sexually charged films who had also posed for Playboy in college, to attend gatherings with H.P.’s top customers.

H.P. found no evidence of sexual harassment, but said Mr. Hurd had tried to conceal a personal relationship with Ms. Fisher by removing her name from his expenses for meals.

Mr. Hurd settled with Ms. Fisher for an undisclosed sum and fought H.P.’s decision to make the sexual harassment claims public.

Submitted by UCGal on September 7, 2010 - 1:07pm.

flu wrote:
Lol... HP once again demonstrating it's retardedness.
Dude, you asked the guy to leave.

That doesn't free him from non-disclosure agreements... which in this case may limit him working for a direct competitor.

http://money.cnn.com/2010/09/07/technolo...

..snip
HP (HPQ, Fortune 500) doesn't appear to have had an explicit non-compete clause in its employment contact with Hurd, who stepped down last month in the wake of a sex scandal. Such clauses are typically very hard to enforce in California, where Hurd lives and where both companies are based.

But it did have confidentiality agreements that Hurd signed annually, and the $12.2 million severance deal he struck requires him to continue abiding by those agreements. Those trade-secret "protective covenants," quoted in HP's lawsuit, require that for 12 months after leaving HP, Hurd refrain from "conflicting business activities" with HP rivals that would result in the disclosure of confidential information.

... snip
Hurd's confidentiality agreement also prohibits him from communicating on behalf of an HP rival with any HP customer he had business contact with in the past two years. But because of California's employee-friendly non-compete rules, the deal has an exemption: As long as Hurd remains a California resident, he can have any contact he wants with customers that isn't made with the "unauthorized assistance" of confidential HP information.

... snip
Hurd's insider access: HP's lawsuit alleges that Hurd, along with the rest of HP's board of directors, received a "highly competitive internal analysis of Oracle" in March. It noted that Hurd was in charge of developing strategic plans "to compete against HP's competitors, including Oracle."

HP's complaint also blasted Hurd for "failure to provide notice of [his new position] before it was publicly announced by Oracle."

I've had to sign non-disclosure agreements with most of my employers (and one time, a non-compete that was a *^&*^ to get out of.) I'm just a lowly engineer - but I checked the language of my current agreement - it talks about notifying my (current) employer if I take a job with a competitor... so it's not surprising that Hurd had that restriction.

He may end up having to give up some of that parachute...

Submitted by flu on September 7, 2010 - 1:59pm.

UCGal wrote:
flu wrote:
Lol... HP once again demonstrating it's retardedness.
Dude, you asked the guy to leave.

That doesn't free him from non-disclosure agreements... which in this case may limit him working for a direct competitor.

http://money.cnn.com/2010/09/07/technolo...

..snip
HP (HPQ, Fortune 500) doesn't appear to have had an explicit non-compete clause in its employment contact with Hurd, who stepped down last month in the wake of a sex scandal. Such clauses are typically very hard to enforce in California, where Hurd lives and where both companies are based.

But it did have confidentiality agreements that Hurd signed annually, and the $12.2 million severance deal he struck requires him to continue abiding by those agreements. Those trade-secret "protective covenants," quoted in HP's lawsuit, require that for 12 months after leaving HP, Hurd refrain from "conflicting business activities" with HP rivals that would result in the disclosure of confidential information.

... snip
Hurd's confidentiality agreement also prohibits him from communicating on behalf of an HP rival with any HP customer he had business contact with in the past two years. But because of California's employee-friendly non-compete rules, the deal has an exemption: As long as Hurd remains a California resident, he can have any contact he wants with customers that isn't made with the "unauthorized assistance" of confidential HP information.

... snip
Hurd's insider access: HP's lawsuit alleges that Hurd, along with the rest of HP's board of directors, received a "highly competitive internal analysis of Oracle" in March. It noted that Hurd was in charge of developing strategic plans "to compete against HP's competitors, including Oracle."

HP's complaint also blasted Hurd for "failure to provide notice of [his new position] before it was publicly announced by Oracle."

I've had to sign non-disclosure agreements with most of my employers (and one time, a non-compete that was a *^&*^ to get out of.) I'm just a lowly engineer - but I checked the language of my current agreement - it talks about notifying my (current) employer if I take a job with a competitor... so it's not surprising that Hurd had that restriction.

He may end up having to give up some of that parachute...

Heh...CA?...Lol.....The article is dead on... In CA, good luck with that one HP... I think Hurd won't give a rat's axx about losing all/part of that that golden parachute, because I'm sure ellison will make him an even wealthier person.
The burden of proof will be on HP...What it will boil down to is who has the more snazzy legal team, which I must say Oracle wins that comparison hands down in that category.

Submitted by UCGal on September 7, 2010 - 2:07pm.

So...

Just curious...

Is it ethical/ok/admirable that Hurd lied on his expense reports to cover up an affair?

Is it ethical/ok/admirable that Hurd dismisses his contractual obligations of his non-disclosure agreement?

I know you're a fan, flu... but I'm thinking this guy is pretty slimy. Based 100% on the events of the past few months. Maybe he really is an upright, honest, guy... but I wouldn't want to do business with him because he seems to play fast/lose with facts and contracts.

Submitted by flu on September 7, 2010 - 5:37pm.

UCGal wrote:
So...

Just curious...

Is it ethical/ok/admirable that Hurd lied on his expense reports to cover up an affair?

Is it ethical/ok/admirable that Hurd dismisses his contractual obligations of his non-disclosure agreement?

I know you're a fan, flu... but I'm thinking this guy is pretty slimy. Based 100% on the events of the past few months. Maybe he really is an upright, honest, guy... but I wouldn't want to do business with him because he seems to play fast/lose with facts and contracts.

Did Clinton's little moonlight and fib detract from his capabilities as a prez? I'm not suggesting or condoning such actions, but I think the thing is Hurd fudged the expense reports (supposedly some/parts of them where not just with the lady alone...). I seriously question the thought process in HP's punishment versus mischief.

If there's one common thing (along with Spitzer) is that men do stupid things when it comes to women. Hey, I'm sure most enginerd guys at did at least one time let someone else copy their homework at some point or the other....

Submitted by UCGal on September 7, 2010 - 7:51pm.

I see your comparison...

But I guess I see the problem as more than a sex scandal... Sure his trying to cover up an affair led to his firing. But he also chose to ignore his contract when he hired on with Oracle - and that had nothing to do with sex... That just shows that he thinks rules don't apply to him. You know he had some legal type or HR type make sure he understood the rules he needed to abide by when they were getting signatures for his fabulous parachute. He knew he was breaking the rules.

I guess I just get annoyed by powerful people who think they're above the rules... and Hurd seems to fit the bill.

Submitted by flu on September 7, 2010 - 10:13pm.

UCGal wrote:
I see your comparison...

But I guess I see the problem as more than a sex scandal... Sure his trying to cover up an affair led to his firing. But he also chose to ignore his contract when he hired on with Oracle - and that had nothing to do with sex... That just shows that he thinks rules don't apply to him. You know he had some legal type or HR type make sure he understood the rules he needed to abide by when they were getting signatures for his fabulous parachute. He knew he was breaking the rules.

I guess I just get annoyed by powerful people who think they're above the rules... and Hurd seems to fit the bill.

I look at it a different way....Let's say you're company tomorrow decides for whatever reason to fire/layoff/outsource you tomorrow. At the same time you find a job at a competing firm. They come back and threaten to sue if you join..If it were me, I'd say screw you, company x....The company let you go, you have to make end's meet. Provided you're not taking documents/IP/source code/ from previous company (which in itself is theft/corporate espionage/etc), if the company was so concerned that you would have been such a threat and so valuable to the company, you wouldn't have been let go in the first place.

Are you really going to pass up on that job offer because your previous employer that didn't think you were important enough to keep around (for whatever reasons) nevertheless wanted you to find a job elsewhere?...Did that previous firm help you find a job elsewhere that wouldn't be considered a non-compete, with identical comps to what you were getting before when they let you go?

I think the only difference between Hurd's situation and everyone else's, is for most everyone else, the company wouldn't do anything because as much as one would like to they they are important, the majority of employees aren't really valuable enough to merit doing anything.

The entire firing, but then trying to enforce an non-compete is completely hypocritical. If the company felt that the value extracted from the employee was important enough to keep the person around versus the potential of the person working elsewhere, then a pro/con assessment would have been made, and the company wouldn't have fired the person to begin with.

And it is quite the common practice for this employees to hop around (whether the hopping was voluntary or involuntary- as in the case of layoff)...When Apple was just starting to build the iPhone, where do you think all those top notch ex-Motorola brass ended up after MOT decided to can key teams and outsource the rest to india/china?

Obviously, by letting you go, they are stating the value you provide is not enough versus everything else. HP obviously thought the it was far more important to hush hush this harassment claim than to keep the dude at the center of attention, and it obviously didn't think that Hurd would have walked across the street. Hurd, on the other hand, I'm sure is going to make HP feel the pain. Hell, if I was in his shoes, I'd ask Oracle to give me a sign on bonus and tell HP they can keep their golden parachute.

From what it appears, HP is asserting that Hurd has the potential of violating confidential agreement, and hence that's the premise of why he shouldn't be allowed to join Oracle. That sounds a lot like presumption of guilt without proof...

Some of the employment laws in CA are there for a reason. And in this economy it's a good thing.

Submitted by UCGal on September 8, 2010 - 8:26am.

If my employer laid me off tomorrow (which could happen...) and my severence was tied to a non-compete - I'd either forfeit my severance or find a non-competitor. As an engineer - there are lots of fields.. I'm not in defense now - I could go get a defense job... or medical equipment, or some field that I'm not currently in - but that still uses my skillset.

As I mentioned - I made the mistake of signing an employment agreement with a non-compete clause in it ONCE. The way it was worded I could not go back to work for my previous employer, because they were a former client. I took advantage of a corporate name change to get the former employer specifically excluded when I signed under the new corporate name. (I rehired with the former employer a few months later.)

At the time - since I was considering going back to my former employer - I consulted a lawyer. I was unwilling to make the move while contractually prohibited from it. But that's just me. I try to follow the rules.

I forget that contracts are pretty much ignored by a lot of people. That got us in trouble when we were building our granny flat. We had trouble getting multiple contractors to follow the letter of their contractual obligations... they felt free to ignore the contract when it suited them.

From the cnn article I linked above - Hurd had specific data about Oracle's market weaknesses and how HP was going to utilize that. In other words - he has knowledge of the strategy HP is planning on using to compete against Oracle. That's pretty darn proprietary. To put it in cell phone terms - Lets say I worked at Apple and had the full strategy for how we were going to compete against the Droid phones - what features Apple can offer that droid phones don't... Marketing plans, new hardware plans, etc. Then I get "resigned" because I do something stupid. I'm offered a sweet package if I go away quietly. And instead I take that marketing and strategy knowledge to Motorola or HTC... that's a conflict. Period.

Submitted by flu on October 1, 2010 - 4:14am.

LOL... The "WTF" decisions keep getting better and better at HP..........

http://finance.yahoo.com/news/HP-boards-...

Hmm, hire the ex-CEO from SAP, who drove that company into a ground after getting it's axx kicked by Oracle, only to rinse and repeat now at HP.....Seems like a winning strategy to me....

Short, short, short, short, short.

Submitted by briansd1 on August 18, 2011 - 4:50pm.

what do you guys think of the latest HP announcement.

I think that spinning off the hardware business is a good move.

http://latimesblogs.latimes.com/technolo...

Submitted by flu on August 19, 2011 - 2:08pm.

briansd1 wrote:
what do you guys think of the latest HP announcement.

I think that spinning off the hardware business is a good move.

http://latimesblogs.latimes.com/technology/2011/08/hp-planning-spinoff-of-pc-business-end-of-touchpad-acquisition-of-uk-company.html

1) I think Mark Hurd had the last laugh

2) I think it's a bonehead move by HP, considering they are number 1.

3) I think the CEO is kidding himself and the board thinking that he will be successful in transforming HP into a software services business. But what do you expect from a CEO that is from SAP who doesn't understand the hardware business.

4) I think they should have never tried the web o/s /Palm thing...I knew that would be a disaster, just like the blackberry playbook.

5) I think shouldn't bother trying to build a tablet/phone. No way they can keep up. What they should be focusing on is enabling the PC and computer to seemlessly integrate with tablets/and phones.

For example, some just stupid simple shit they should be able to get done in a few months include ....open the entire printing/printer/scanning business/service into the mobile/tablet space... Yes, yes I'm fully aware you can print via Bluetooth BPP/BIP (I wrote shit that does this), but there's so much more that can be done. Some stupid simple low hanging fruit would be to leverage NFC for printing/printer service discovery and job dispatch. For example, touch your smartphone onto your printer to send a doc/file/image via NFC...

There's other things they could do to make the tablet more integrated with the PC. Bottom line is the tablet still cannot be carried around alone, because it's so underpowered. You really need a remote PC/vnc like solution between a tablet and PC. You need smart peripheral devices that work with your tablet, and you need to be able to seemlessly exchange date between tablet and a home computer.

HP's problem is that they are no longer run by smart enginerds that can think out of the box anymore. They're just run by MBA's who focus on cutting cost, or trying to squeeze every dime out of a non-innovative product line...
It started with Fiorina, and to some extent extended to Hurd, and now with the current CEO....And it's now where it is because it lacks any ingenuity...A company devoid of creativity and talent, even in their own businesses...And it's ridiculous that they want to sell it, without a plan of what to do next.

6)That said, until the current CEO is out, I'd say HP's troubles are just the beginning.
The CEO and CTO really need to go... Obviously neither have the innovative mind/creativity that once Hewlett himself had...

Submitted by briansd1 on September 21, 2011 - 10:24pm.

What about Meg Whitman coming to save HP?

They've got to be kidding, right?

http://www.nytimes.com/2011/09/22/techno...

Submitted by flu on September 21, 2011 - 10:43pm.

briansd1 wrote:
What about Meg Whitman coming to save HP?

They've got to be kidding, right?

http://www.nytimes.com/2011/09/22/technology/idea-of-whitman-at-hp-distresses-the-tech-world.html

Told you about shorting HP after Hurd left.... you would have made close to a 50% return in slightly more than a year.

Mind you, HP's closing price today...$24.

And told you about the spinoff PC business decision was a fluke.

http://news.businessweek.com/article.asp...

BTW: if the current CEO gets fired, he gets $35million for a 10month fvck up stint.

http://blogs.wsj.com/digits/2011/09/21/h...

Psss. You want a tip on how to make a killing on shorting a company? Find a company that makes a drastic 180 degree business decision ad-hoc without first doing enough due diligence and having no real concrete plan of execution in place before making an official press release. Also, make sure the company, after making an obvious bonehead move with no clear direction, back-pedals in real time and tries o make corrections "as they go along", giving the investment community that sense of poop-in-pants unconfortableness when investors don't really know what the company is trying to do.

HP over the past year fit the mold. I can only thing of one company that foobared even greater than HP.... Netflix..... And damn that would have been a pretty short....

Submitted by Zeitgeist on September 21, 2011 - 11:22pm.

"Are you prepared yet?

No?

Well I'm sorry, because it's too late now.

http://market-ticker.org/akcs-www?post=1...

Submitted by carlsbadworker on September 22, 2011 - 11:06am.

It is apparent that at HP, the board needs to be fired rather than the CEOs.

Submitted by UCGal on September 22, 2011 - 12:12pm.

carlsbadworker wrote:
It is apparent that at HP, the board needs to be fired rather than the CEOs.

I just heard on Bloomberg that it's going to be officially announced that Meg will be CEO. And it's permanent, not temporary.

What the hell are they thinking?

Submitted by briansd1 on September 22, 2011 - 12:25pm.

I'm betting that under Meg Whitman, HP will be a disaster and will be broken up. Too bad. Another great American company goes down the tube.

I'm making the prediction that HP's computer division will eventually be sold off to a Chinese or Taiwanese PC maker.

What about Dell? Its future is not so bright.

Submitted by flu on September 22, 2011 - 2:10pm.

briansd1 wrote:
I'm betting that under Meg Whitman, HP will be a disaster and will be broken up. Too bad. Another great American company goes down the tube.

I'm making the prediction that HP's computer division will eventually be sold off to a Chinese or Taiwanese PC maker.

What about Dell? Its future is not so bright.

The problem with these dinosaur tech companies is that the stopped hiring innovative techies to run the company but instead hire a bunch of useless mba's to try to squeeze a penny out of an already low margin business. HP lacks inovative people

Submitted by yooklid on September 22, 2011 - 3:12pm.

flu wrote:

The problem with these dinosaur tech companies is that the stopped hiring innovative techies to run the company but instead hire a bunch of useless mba's to try to squeeze a penny out of an already low margin business. HP lacks inovative people

Perhaps they should promote Lynch (Autonomy) to the board? He's impressive at the helm of his company the past 15+ years.

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