Read more.Quote:
The computing giant loses a quarter of its value after announcing new strategy.
Printable View
Read more.Quote:
The computing giant loses a quarter of its value after announcing new strategy.
"..and the apparent vagueness and uncertainty of the plans." Pretty much nails it, I think; they've achieved more than the usual ambiguity:
1. Sell off PSG
2. And err...
3. ...well...
4. ...that's kind of all we've got really...
5. ...Profit!
Sounds like they are attempting to be another IBM.
They should re-invent the Compaq brand and set it up as a sister company for consumer based produce.
Trouble with that as a strategy is that it's only IBM who managed it. Even Oracle's tried - and failed. That said, IBM seem to be a lot more choosy about what they acquire and what they get rid of - although I was really surprised when the sold the disk devices out to HGST, (and yes, I know that's moved on again - this time to WD). That said, even now, it's amazing how much of an IBM server (not necessarily the xSeries) is (c) Big Blue.Quote:
Originally Posted by AGTDenton
Hmm, it's pretty much there already - i.e. Compaq brand are the low end products. But don't forget that HP-PSG also does the business stuff, like the laptop I'm currently using. Or were you suggesting that PSG gets rebranded as "Compaq" - in which case I'm going to agree 100%.Quote:
Originally Posted by AGTDenton
Hmm, what's the betting that a lot of shareholders - especially the big corporate ones - are seriously wondering if a new CEO might not be a good idea. Just as long as they don't bring back those earlier disasters - especially Mark Hurd. (:puke: or :censored:)Quote:
Accordingly HP's shares fell by a total of 27 percent last week - wiping-out almost $20 billion of shareholder value.
In fairness to that horrific 27% drop, google managed to get over 10% wiped off! The NASDAQ was down over 6% and even darling company Apple dropped 6% too.....
The sale has started ;)