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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RE: I'm not dead yet!
by transami on Sat 24th Nov 2012 11:58 UTC in reply to "I'm not dead yet!"
transami
Member since:
2006-02-28

> "HP tried to make a play for phones and tablets with Palm/WebOS, and failed."

The didn't "fail", they committed suicide.

I still believe Microsoft was behind all of that. I suspect they put the kibosh on Hurd (as if no one has ever heard of a CEO sleeping with his secretary before!), then they strong armed Leo with the threat of revoking their right to distribute Windows on their PCs. So HP had little choice. But I think it is also why Leo decided it was time for HP to get out of the stinking PC business. And we all know how that decision fared. But if they can't stand up to M$, he was probably absolutely right.

Reply Parent Score: 0

RE[2]: I'm not dead yet!
by johndoe445566 on Sat 24th Nov 2012 14:36 in reply to "RE: I'm not dead yet!"
johndoe445566 Member since:
2012-11-23

The didn't "fail", they committed suicide.

Nobody is happy about what happened with Palm/WebOS. The fact is that Palm phones and the Touchpad were not succeeding in the marketplace at prices above the cost of production. Reasonable people can disagree on whether HP should have kept trying, or if they made the best of a bad situation by not throwing good money after bad. My heart wishes they had kept trying, but my head understands why they didn't.

I still believe Microsoft was behind all of that

Never attribute to malice that which is adequately explained by stupidity.

Reply Parent Score: 4