Linked by Thom Holwerda on Thu 3rd Jun 2010 10:24 UTC
PDAs, Cellphones, Wireless Not too long ago, a lot of people were pleasantly surprised when HP announced it would buy smartphone maker Palm. While Palm launched a very well-received mobile operating system, the hardware it ran on was of questionable quality, leading to lower-than-expected sales and thus financial problems. Now that HP has bought Palm, we're certainly going to see the webOS running on top-notch smartphones, right? Well, not if it's up to HP CEO Mark Hurd. Update: This gives a slightly different angle.
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RE[3]: HP is stupid
by Kroc on Thu 3rd Jun 2010 12:50 UTC in reply to "RE[2]: HP is stupid"
Member since:

A market with slowing growth, product saturation, terrifyingly low margins and being totally dependent on Microsoft and Windows is not a place to be resting your fortunes on. HP want more than to be the lackey that jumps when Microsoft say so.

HP’s PC business may be profitable, but like Microsoft’s stock over the last decade, there’s no growth and no future doing the same thing forever. HP want to be the next Apple and they will _never_ get there with Microsoft clinging to their ankles. This is why the Palm purchase has been such a big thing and caused airbourne seating devices within Microsoft.

Reply Parent Score: 2

RE[4]: HP is stupid
by Nelson on Thu 3rd Jun 2010 15:23 in reply to "RE[3]: HP is stupid"
Nelson Member since:

Yeah, that shitty, terrible, consistent Microsoft stock. Probably one of the more sounder investments in the market is getting trashed why?

Reply Parent Score: 1

RE[5]: HP is stupid
by LobalSurgery on Thu 3rd Jun 2010 16:56 in reply to "RE[4]: HP is stupid"
LobalSurgery Member since:

Your comment made me, curious, so I looked up 10 year stock performance for various tech companies (all data from Google Finance, rounded to the nearest percentage point as of 12:45 EST):

Motorola: -82%

Dell -69%

Cisco: -64%

Oracle: -43%

HP: -34%

Microsoft: -20%

Adobe: +1%

IBM: +17%

Google: +363% (Aug. 2004 - Present)

RIM: +524%

Apple: +1029%

So yes, I'd agree they've done a better job than numerous other tech companies, and worse than others, but at a -20% return over 10 years, I'd hardly want to label it a sound investment. Overall, it certainly has been a rough decade for stocks.

Reply Parent Score: 2

RE[5]: HP is stupid
by ecruz on Thu 3rd Jun 2010 23:45 in reply to "RE[4]: HP is stupid"
ecruz Member since:

MSFT and HP stock are getting trashed Nelson, because 99% of the people that read OS News have never bought stocks or know anything about making money in the market. Plain and simple.

Even if you give them MSFT stock 20 years ago, their warped thinking would not accept the gift.

Reply Parent Score: 1

RE[4]: HP is stupid
by Flatland_Spider on Thu 3rd Jun 2010 20:41 in reply to "RE[3]: HP is stupid"
Flatland_Spider Member since:

Procurve networking equipment and Services are profitable. Not necessarily other divisions.

HP is anything but an MS lackey. You're forgetting they develop OpenVMS and HP-UX, and will ship laptops with FreeDOS installed. HP only cares about selling customers hardware and services.

HP wants to be IBM; they don't care about Apple. Apple is a problem for MS and Dell. Apple doesn't operate the #1 or #3 services company in the world, so HP doesn't care.

When Hurd says Palm is dead and WebOS will get crammed into printers, that's pretty much what's going to happen. The iPaq is barely alive, and HP only keeps going because customers run MS Exchange on HP servers. It gives the sales reps one more things to throw into the sales pitch. WebOS and the Pre doesn't fill that kind of niche. It's just a bunch of awesome special effects to add to printer menus, and it's full featured enough that they can push adds for HP products to it.

Reply Parent Score: 1

RE[5]: HP is stupid
by Kroc on Thu 3rd Jun 2010 21:53 in reply to "RE[4]: HP is stupid"
Kroc Member since:

I was focusing entirely on the consumer desktop space. Everything else, yup, doing well. It‘s HP’s consumer space that needs a real injection and Palm/WebOS could be it.

Reply Parent Score: 1