Linked by Howard Fosdick on Fri 23rd Nov 2012 14:03 UTC
In the News Hard to believe, but articles are popping up at business websites claiming that venerable Hewlett-Packard may fail. In their most recent fiasco, HP wrote off a loss of $8.8 of their $11.1 US billion acquisition of Autonomy and have alleged fraud in the deal. Revenue is down 7% from a year ago and the stock has hit a 10-year low. The company is laying off 27K employees but that may not be enough. Some speculate HP might be broken up into parts with buy-outs involved. This article from last May offers a good in-depth analysis of how all these problems came to pass.
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It's the management, not the products
by kateline on Fri 23rd Nov 2012 15:12 UTC
kateline
Member since:
2011-05-19

I don't think HP has a "products problem." Their printers, PCs, and servers are still decent quality compared to their competitors. The company still enjoys a dominate position in several market sectors.

I think HP has a "Board problem." As that last article cited shows, the people in charge of this company have brought it low through unbelievable management mistakes. A first grader could have done better.

Too bad 27,000 employees are losing their jobs on behalf of these Board idiots.

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