Wven though Hewlett-Packard’s board of directors essentially fired Leo Apotheker, the newly appointed chief executive Meg Whitman does not have plans to revert decisions made by her predecessor. At least, the PC decision and the intention to buy Autonomy are set to remain intact.
“It does not signal a change in the strategy. We are behind the actions that were taken on August 18. We are firmly committed to Autonomy. […] The board isn’t going to change the strategy and is going to continue down this path, which frankly was the fear,” said Meg Whitman during a conference call, reports BusinessWeek web-site.
It is widely believed that HP’s BoD fired Leo Apotheker for his “jarring” decisions in regards of personal systems groups and questionable decisions about other strategically important factors. However, Mrs. Whitman does not think about changing the direction of the company.
Meg Whitman is an ex-Ebay CEO; she joined Ebay in March, 1998, when it had staff of 30 and revenues of approximately $4 million. During her time as chief executive officer, the company grew to approximately 15 000 employees and $8 billion in annual revenue by 2008.
Mrs. Whitman does not have experience in hardware companies and is indeed a person known as a successful executive at a company aimed at consumers, not enterprises. She was a director of the board for eight months and she hardly knows the company from inside. It remains to be seen how successful she will be at HP and whether she does spin-off the PSG, which will be a turning point for HP.
Rahul Sood, an ex high-ranking HP employee and the founder of Voodoo PC, said earlier this month that the personal systems group (PSG) was HP's biggest strenth.
Tags: HP, Hewlett-Packard, Business
Comments currently: 3
Discussion started: 09/26/11 12:29:26 PM
Latest comment: 09/27/11 10:50:43 AM
Dumbest idea ... it seems that HP is being lead by idiotic characters . This retarded idiot .. Leo ... in practically dismantling the heart of the company. Since Carly Fiorina .. it seems that there is a big gang of retarded idiots that really want to destroy the company. Remember when HP had 13% of the market , Compaq had 13%, DELL had 26% of the market and after HP bought Compaq, HP had ..guess what .. only 13% of the market
09/26/11 12:29:26 PM]
Stupid... what is more stupid was that they also announced the decision to stop their PC business to the public.
Who is gonna buy an HP system now that we don't know if there will be support in a year or later?
And let's say ok, the average consumer doesn't really care, but what for companies who want to get big amounts of systems? They need that support.
On the other hand, if the n.1 company in PC systems is saying that this market is not profitable anymore, who the hell is gonna buy that PC devision? It is not like IBM who sold when they where in lose (even still profitable) and lenovo bought their PC devision.
Really if I was an HP shareholder it is almost sure that I could sell off my share quickly at a time like that.
09/27/11 06:20:52 AM]
I agree with the post above me. I worked for a company who bought HP systems exclusively by the ton. I mean on the order of 750 a month. They had a PC Replacement cycle that replaced desktops and laptops as soon as the 3 year warranty expired. So there were always machines across the country being replaced all the time. It was great work for us IT folk, but now with this move I am curious what this company is going to do now. Naturally, HP wouldn't be my choice going forward, but I hate Gateway, Dell, etc. They are just not as easy to work on, at least in the past. Not sure if their newer machines are more standardized than they were,
At any rate, my first order of business would be to stop selling off the core of HPs business. That is what I would do if I was CEO. But it seems to me that the board told Meg before they hired her that they want this to go thru, which means Meg is a puppet and the board runs the company by pulling her strings. SMH.
09/27/11 10:50:43 AM]
Add your Comment
Enter your username and e-mail address. Password will be sent to you.