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mInvestor
User Rank
Iron
Re: hp
mInvestor   5/31/2012 1:55:41 PM
NO RATINGS
LOL, this is typical HP management. First they decided to cut oscilliscope and dedicated the whole company into computers. Next they decided to cut computers (last year). And then suddenly they decided NOT cut computer. Instead they now decided to cut 27,000 employees.

My feeling is HP got good products and smart employees. What they really need is getting rid of the bad management team.

 

Noreen Seebacher
User Rank
Blogger
Re: hp
Noreen Seebacher   5/30/2012 9:39:19 AM
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Nice piece on Meg Whitman here:
HP cannot save its way to prosperity. That never works. Try to think of one turnaround where it did - GM? Tribune Corp? Circuit City? Sears? Best Buy? Kodak? To successfully turn around HP must move - FAST - to innovate new solutions and enter new markets. It must change its strategy to behave a lot more like the company that created the oscilliscope and usher in the electronics age, and a lot less like the industrial-era company it has become - destroying shareholder value along the way.


cat tail
User Rank
Platinum
Re: hp
cat tail   5/29/2012 9:33:19 PM
NO RATINGS
I never bought Meg Whitman's boasts that she was a job creator. She never seemed genuine to me,

driven
User Rank
Iron
Re: hp
driven   5/29/2012 2:06:13 PM
NO RATINGS
I agree -- and then the HP solution is to cut jobs rather than address the underlying issues.

Dex
User Rank
Iron
Re: hp
Dex   5/29/2012 1:59:39 PM
NO RATINGS
HP is inconsistent. Some products are good, some are crap. You can't create a solid idenity without a solid corporate culture.

Scott Raynovich
User Rank
Blogger
Re: hp
Scott Raynovich   5/28/2012 9:59:37 AM
NO RATINGS
BTW, the market didn't exactly seem to love this. The stock has barely budged and is sitting near 52-week lows.

Scott Raynovich
User Rank
Blogger
Re: hp
Scott Raynovich   5/28/2012 9:58:20 AM
NO RATINGS
I don't see how this slash-and-burn mentality helps the corporate culture. It would be one thing if the cuts had a strategic goal but that goal was not outlined to me.

This seems like the classic new-CEO hatchet job. Cut costs, increase profitability, and try to reap the rewards of stock options.

AskAsa
User Rank
Platinum
Re: hp
AskAsa   5/27/2012 10:07:59 PM
NO RATINGS
I agree. Bold in that context is a sad bit of modern newspeak we could do without.

Broadway
User Rank
Platinum
Re: hp
Broadway   5/27/2012 7:50:50 PM
NO RATINGS
That's another excellent point, Heinrich. People being scared for their lives won't exactly be pushing the limits.

Broadway
User Rank
Platinum
Re: hp
Broadway   5/26/2012 3:18:16 PM
NO RATINGS
I am tired of the word adjective "bold" being used alongside 5-digit workforce firings. It is not bold to fire thousands of people. It is indeed the easy way out, some would say the dishonorable and cowardly way out of the situation.

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