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.
Permalink for comment 543213
To read all comments associated with this story, please click here.
RE: its not the products...
by Delgarde on Sun 25th Nov 2012 22:59 UTC in reply to "its not the products..."
Delgarde
Member since:
2008-08-19

That was my thought, too. Commenters here are almost all thinking of HP as a company selling printers and crappy laptops - not as a company that does a lot of consulting work, and sells a lot of big-iron hardware. And it's those areas where they're getting a thorough ass-kicking lately, where they're competing rather unsuccessfully with Oracle and IBM.

Partly that's because they're reliant on Oracle supporting them as a platform, which isn't really a good position to be in - Oracle obviously have no great incentive to make HP look good. But in large part it's simply that their offerings are crap compared to their competitors - there's really not much reason to buy a big HP server, instead of a comparable IBM or Oracle/Sun machine...

Reply Parent Score: 3