Linked by Howard Fosdick on Wed 29th Aug 2012 20:25 UTC
Hardware, Embedded Systems Can Hewlett-Packard bounce back? Third quarter results are in and they don't look good. Total revenue is down 5% year over year, and profits tanked on a $9.2 billion noncash write-down on the 2008 EDS acquisition. What's HP's strategy? Meg Whitman has now been CEO of the struggling giant for a year. She compares HP's turnaround to that of Starbucks, saying "Usually these kinds of turnarounds take anywhere between four or five years... There's nothing fancy about these turnarounds. This is not advanced business, this is 101." I question if refocusing on core competencies is enough. Maybe HP needs to get into the smartphone and tablet markets. Maybe it needs to expand its services business. Think I'm wrong? Then bet your money on HP stock and get rich. HPQ trades at its lowest point in a decade and sells for an rock bottom forward P/E of 4.2.
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Services business
by Lennie on Thu 30th Aug 2012 08:03 UTC
Member since:

One of HP's focuses is already the services business.

For example they are creating their own cloud offering based on OpenStack and they want corporations to use their system to build private clouds. Which can be combined to create hybrid clouds.

Whatever that means ;-)

Reply Score: 2

RE: Services business
by zima on Thu 30th Aug 2012 08:53 in reply to "Services business"
zima Member since:

Fog computing.

(if a large enough number of ~techies would start using this term, eventually that could result in general adoption ...overall, I believe "fog" is a much more precise analogy)

Edited 2012-08-30 08:58 UTC

Reply Parent Score: 2

RE[2]: Services business
by Lennie on Thu 30th Aug 2012 09:33 in reply to "RE: Services business"
Lennie Member since:

The example I mentioned it is basically infrastructure (tooling) to run lot of virtual machines.

Which is something that is used a lot in a lot of enterprises.

Basically HP delivers a packaged solution of an open source project.

Reply Parent Score: 2