Hewlett-Packard dropped from Dow Jones
Original post made on Sep 10, 2013
Read the full story here Web Link posted Tuesday, September 10, 2013, 7:51 PM
on Sep 10, 2013 at 8:42 pm
HP is finished. A series of uninspiring CEOs has had no luck driving the uninspired employees who are toiling on uninspiring products. Time for some Chinese company to buy their patents and bury the rest of the mess.
on Sep 10, 2013 at 9:59 pm
It's such a sad train wreak to watch. Too many bad decisions the last 8 years or so. I cant even recall all the times they made some announcement that would leave me scratching my head.
I'm just so shocked that they still have freaking Meg whitman as CEO???
on Sep 11, 2013 at 5:06 am
It's simply a tough market out there these days. HP still has a third of a million employees cranking out 9 billion in revenue every month. That's a lot of income tax. Yeah, shareholders (myself included) haven't seen a nickel of gain in 15 years, but the same can be said of Microsoft, Verizon, AT&T, Cisco and many others. Of the tech stocks mentioned at the end of the article, only IBM has moved upward this century, barely outperforming junk bonds. The mainstream tech workforce is fortunate that business has kept up with the curve in the face of such widespread commoditization. Maybe there is a shortage of talented management, or just a shortage of innovators, but I more believe that various sectors just have minds of their own as the decades come and go.