Another HP Setback/Tragedy
Original post made by Paul Losch on Nov 20, 2012
HP stock drifting downward, will likely go below $10, from this year's high of nearly $30.
This company is (or maybe was?) our neighbor. I suspect most of us know people who work there or did at one time. The catharsis this company has experienced for all too many years seems endless.
My opinion is that former CEO's John Young and Lew Platt saw the writing on the wall. They saw a company in trouble, and were honest enough to admit that they did not know just what it would take for it to "Invent."
I fault HP's Board of Directors, who for years have agreed to hire flawed CEO's, which led to poor leadership, confusing strategies, and a company I cannot understand. To use a phrase that consultants from the likes of McKinsey and Bain (with apologies to Meg Whitman) "what business are we in?"
Meg has gravitas, and she likely is reconciled that HP has to broken up, as hard as that is to do. The foolish merger and acquisition strategy was poorly thought out and badly executed.
I do like walking by the Addison Street property that is now an historical site that commemorates the "garage" in which Bill H and Dave P got started.
Historical in one thing. History is another.
on Nov 20, 2012 at 1:06 pm
How do you see HP viz a viz Cisco? Both companies have had their ups and downs, yet Cisco seems to have tightened it focus, even though it is a M&A model. At one point, there was concern at Cisco that HP was serious compeition. Is this still the case?
Can HP follow on Cisco, and get its act together?
on Nov 20, 2012 at 5:17 pm
Paul Losch is a registered user.
You ask questions well above my pay grade for this blog.
I did buy Cisco stock in 1993, and thank you very much, my IRA is better for it.
Keep it simple. HP has not done that the last 10+ years. Carly F. strutting around stages, Mark H. as Mr. Efficiency Expert, German guy who was not a good fit. Now Meg Whitman, whom I highly regard, and she is dealing at this point with a pig in a poke.
Cisco stock has not done well the last few years from a valuation standpoint, but I hold the stock because it does appear to understand its fit in the scheme of things.
Contact your financial advisor.
on Nov 20, 2012 at 5:42 pm
Do you think that HP, if taken over by Oracle or Bain could be turned into a profit center, thus saving jobs in Palo Alto?