Carly Fiorina
Posted on 02/09/2005 5:20:07 AM PST by drt1
Reporting now - Will provide link to story when it is posted.
(Excerpt) Read more at msnbc.msn.com ...
Well she can certainly afford it.
Carly Fiorina
Is this the genius woman who merged them with Compaq? Maybe now they'll hire some tech support stateside that can speak English.
sell short!
True equality: the ability to fail just as spectacularly as any man.
Don;t think so. The stock is up almost 10% in pre-market trading.
Link to story
http://www.msnbc.msn.com/id/6939785/
Very interesting. Thanks for the info.
sell long.
One more celebrity CEO bites the dust.
Never trust a CEO who seeks the limelight. They start to believe their own press.
This should help HP (assuming the Board has learned a lesson.)
All I know is that HP printers went from bulletproof in the early 90s to haphazard quality in the early 00s...
Quality control? Outsourcing? I have no idea.
But I do know this. Their own employees describe their current incarnation of printers as "crap". With my own ears.
"Good, bad? Don't know."
If it's Carly Fiorina, definitely good.
Dan
The real question is, will H-P be able to bounce back? It's like recovering from a bout of botulism. Possible, but it drains your strength and you need a strong constitution and will to live.
I was working at HP in IT until about a half-year ago. The morale of the long-timers -- who remembered golden days under Hewlett -- was really, really sad. Our jobs were sent to Canada and India. She'd get on the PA system and blame everyone for not working hard enough. Just sad.
God was very good to me in helping me find a terrific place to work before our whole department was shipped abroad, but I felt really sorry for the employees left behind with that support. When I'd contact someone on an issue, he or she'd often say, "Thank God! Someone who speaks English!"
Dan
Bloomberg reports:
Feb. 9 (Bloomberg) -- Hewlett-Packard Co. Chairwoman and Chief Executive Officer Carly Fiorina will step down after differences with the board on company strategy.
The decision is effective immediately. Chief Financial Officer Robert Wayman will be interim CEO, Hewlett-Packard said in a statement today. Patricia Dunn will be chairwoman.
Fiorina has struggled to boost personal-computer profits, make money on storage devices and report consistent gains in sales of servers. Under Fiorina's watch, Hewlett-Packard lost the lead in the PC market to Dell Inc. She engineered the purchase of Compaq Computer Corp. to broaden Palo Alto, California-based Hewlett-Packard's reach in 2002, and some investors still say the buyout was a mistake.
``The Compaq merger was a fiasco right from the start,'' said analyst Jason Maxwell at Los Angeles-based TCW Group Inc., which manages $100 billion and owns Hewlett-Packard shares. ``The premise was that they were going to gain some kind of scale that would allow them to get a better cost structure and gain market share, and that is just not true.''
Hewlett-Packard shares rose $2.37 to $22.51 at 8:11 a.m. in New York Stock Exchange composite trading.
http://quote.bloomberg.com/apps/news?pid=10000006&sid=alCm2CjKiMGw&refer=home
Ask Neil
I agree with your comment about HP printers. In my experience with them, HP has apparently tried to lower costs (like virtually all other manufacturers) by making the inidvidual components smaller & lighter. An early 90's weighs probably double what a current deskjet weighs. Unfortunately this translates into a far less robust product.
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