Linked by Thom Holwerda on Thu 22nd Sep 2011 18:50 UTC
In the News "Meg Whitman, eBay's former chief executive, will likely be named to lead Hewlett-Packard after markets close on Thursday, according to a person familiar with board decisions. The decision to replace Leo Apotheker, the company's chief executive, after only 11 months on the job is all but made, lacking only a final vote, said the person, who is not authorized to speak for the board. While Mr. Apotheker is going, his strategy, including consideration of spinning off H.P.'s personal computer business from other parts of the company, will remain in place."
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strategy
by Adurbe on Thu 22nd Sep 2011 20:20 UTC
Adurbe
Member since:
2005-07-06

Th open opinion is to maintain Apotheker's strategy so as not to make the company look like it has no direction (and lose more share price).

Give it until Whitman's opening speech to see a new direction. If the board were happy with the current direction they wouldnt be looking for a replacement would they?

Reply Score: 2

RE: strategy
by sorpigal on Fri 23rd Sep 2011 11:41 UTC in reply to "strategy "
sorpigal Member since:
2005-11-02

The board is only unhappy about the drop in stock price, which they don't see as connected to the direction of the company. They just wanted it all done more carefully so no one got scared.

Reply Score: 2

First policy guess
by Adurbe on Thu 22nd Sep 2011 20:22 UTC
Adurbe
Member since:
2005-07-06

stabilise the WebOS userbase. Hp lost a lot of money but now have a Massive userbase from nowhere. I think they will look to take advantage of this and do something clever with WebOS (licence/open source is my guess, they will make the money back via the store)

Reply Score: 3

There goes HP circling the drain.
by drobert_bfm on Thu 22nd Sep 2011 20:49 UTC
drobert_bfm
Member since:
2009-03-25

Whitman, just like every politician/CEO will doom the company, in that she will make it all about herself, and not about the better interests of HP and its shareholders. She's a publicity hound, and that's likely to be a serious problem for HP. I hope they reconsider.

Reply Score: 1

Too late
by Vanders on Thu 22nd Sep 2011 21:37 UTC
Vanders
Member since:
2005-07-06

No longer expected: has been.

Reply Score: 2

Doh
by Drumhellar on Thu 22nd Sep 2011 22:24 UTC
Drumhellar
Member since:
2005-07-12

I feel bad for anybody that has to work with her. Having learned an awful lot about her during California's previous Gubernatorial race, her reputation for actual physical mistreatment of those who work for her is well known. She has a tendency to hit her employees, and has been known to throw heavy objects.

I won't even get started on the allegations against her family's wrong doing...

Reply Score: 3

RE: Doh
by kristoph on Fri 23rd Sep 2011 01:09 UTC in reply to "Doh"
kristoph Member since:
2006-01-01

The people who have worked for her at eBay generally - if not universally - speak well of her. Everyone from people 'at the bottom' to senior executives.

So just because she would make a poor politician does not mean she makes a poor CEO.

Reply Score: 3

No longer relevant to consumers
by whartung on Thu 22nd Sep 2011 22:39 UTC
whartung
Member since:
2005-07-06

HP will no longer be relevant to consumers, save for their Ink business, since Ink is all margin.

All of their others efforts are going toward "The Enterprise". Get out of the commodity, low margin, support intensive crap and focus on big sales of big things and the ever important, undefinable, "Services".

The entire board is an Enterprise person or someone who HP apparently owes money to (i.e. equity firms). There's one long term science guy, and I bet he leaves.

HP isn't an engineering company any more, it's a services company with a legacy hardware business that nobody on the board or the CEO understands.

Reply Score: 3

kristoph Member since:
2006-01-01

... umm, HP is the largest manufacturer of consumer PC's.

Reply Score: 2

shotsman Member since:
2005-07-22

That may well be true

But for how long?

This indecision by HP over their PC biz and with Business Purchasing dropping off at an alarming rate plus the domestic purse strings being tightened as well who will want to buy their kit?

Mind you, the last two points apply to other PC makers but at the moment, HP is a 'sell'.

Reply Score: 2

HItman?
by JAlexoid on Fri 23rd Sep 2011 08:38 UTC
JAlexoid
Member since:
2009-05-19

Whitman is almost a hitman...

Reply Score: 1

She is in!
by Adurbe on Fri 23rd Sep 2011 10:13 UTC
Adurbe
Member since:
2005-07-06
Apotheker
by adinas on Fri 23rd Sep 2011 12:21 UTC
adinas
Member since:
2005-08-17

So Apotheker Arrived. Murdered WebOS ;) . Left. Nice work.

Edited 2011-09-23 12:21 UTC

Reply Score: 2

RE: Apotheker
by korpenkraxar on Fri 23rd Sep 2011 18:28 UTC in reply to "Apotheker"
korpenkraxar Member since:
2005-09-10

Well, we'll always have Meego!

Reply Score: 2

RE[2]: Apotheker vs. Elop
by ebasconp on Fri 23rd Sep 2011 19:15 UTC in reply to "RE: Apotheker"
ebasconp Member since:
2006-05-09

I am just wondering why the Nokia board does not take similar actions with Stephen Elop....

Reply Score: 2

RE[3]: Apotheker vs. Elop
by adinas on Sun 25th Sep 2011 08:41 UTC in reply to "RE[2]: Apotheker vs. Elop"
adinas Member since:
2005-08-17

They are both opposite of each other. One board fires it's ceo every week, the other never does.

Reply Score: 1

Good choice
by fretinator on Fri 23rd Sep 2011 14:00 UTC
fretinator
Member since:
2005-07-06

I think picking the former CEO of EBay was a wise choice. Her leadership and seasoned experience should greatly facilitate the auctioning off of HP's assets.

PC Business: Auction ending in 5,4,3...

Reply Score: 3

an upside to "enterprise" focus
by tidux on Fri 23rd Sep 2011 19:06 UTC
tidux
Member since:
2011-08-13

Maybe they'll start bringing the DEC legacy back! VMS, Itaniums, terminals, all sorts of goodies that consumers don't want but nerds love. I do admire the fact that they're trying to differentiate on audio chipsets in the age of ac97 HDA crap, but Beats headphones are overpriced crap, and I have to wonder if the same is true of their soundcards.

Reply Score: 2

If you have any HP stock
by tylerdurden on Fri 23rd Sep 2011 21:09 UTC
tylerdurden
Member since:
2009-03-17

now it would be a great time to sell it, or short it.

Reply Score: 2

RE: If you have any HP stock
by Adurbe on Fri 23rd Sep 2011 21:55 UTC in reply to "If you have any HP stock"
Adurbe Member since:
2005-07-06

or buy, its down a fair bit at the moment :-p

Reply Score: 2

RE[2]: If you have any HP stock
by tylerdurden on Fri 23rd Sep 2011 23:25 UTC in reply to "RE: If you have any HP stock"
tylerdurden Member since:
2009-03-17

Well, sure if you intend in helping those selling or shorting...

Reply Score: 2