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.

Reply Score: 8

mkools Member since:
2005-10-11

It's their products and the management because the management is responsible for the products.

HP products just suck, you keep away from them. I work at a lot of different companies and where they used to have HP they now buy everything from Dell mostly.

Last time I bought a HP printer myself, printed a couple of documents then it stood there for 6 months doing nothing. Then it told me my cartridges were expired and I needed to buy new ones. Wtf it's not food is it?

So I bought an Epson and no issues anymore with expiring cartridges.

Reply Parent Score: 2

zima Member since:
2005-07-06

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

It's always the fault of the board ...but somehow, plenty enough of companies with similar "idiots" at the helm do fine.

Reply Parent Score: 2