HP’s Whitman: ‘I will turn this company around – by 2016′
Fewer PCs and printers, more high-priced contracts
Sigh. As Chuckles says – from the sublime to the ridiculous.
During a meeting with financial analysts on Wednesday, HP CEO Meg Whitman said her plan to turn around the ailing company was on track, but the restructuring won’t be complete until 2016 and investors should expect HP’s earnings to shrink even further before the work is done.
Uh-huh – the Grand Plan, a la Yahoo. And are they taking care of cutting-edge functionality to regain market share?
Bradley said HP’s PC business will continue to focus on adding sexy design to its products – something Whitman has been talking up lately, and an area where HP has long been lacking in comparison to brands like Apple and Sony.
Sure looks in good hands. El Reg:
Investors have generally viewed Whitman with skepticism, and despite her tough talk about a turnaround, HP shares have been in decline ever since she took the CEO seat last September. They plummeted another 13 per cent to close at $14.91 on Wednesday, their lowest point in almost ten years.