In a shocking turn of events, Hewlett-Packard
executives today disclosed at a very long analyst day with Wall Street’s Finest
that the company—which makes printers that nobody really needs anymore, PCs
that nobody really buys anymore, sells outdated services offered by the former
EDS, which nobody liked in the first place—is not doing well.
executives today disclosed at a very long analyst day with Wall Street’s Finest
that the company—which makes printers that nobody really needs anymore, PCs
that nobody really buys anymore, sells outdated services offered by the former
EDS, which nobody liked in the first place—is not doing well.
Jeff Matthews
Author “Secrets in Plain
Sight: Business and Investing Secrets of Warren Buffett”
Sight: Business and Investing Secrets of Warren Buffett”
(eBooks on Investing,
2012) Available now at Amazon.com
2012) Available now at Amazon.com
© 2012 NotMakingThisUp,
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this blog represents only the opinions of Mr. Matthews. Mr. Matthews also acts as an advisor and
clients advised by Mr. Matthews may hold either long or short positions in
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recommendations. This commentary in no
way constitutes investment advice, and should never be relied on in making an
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is kidding about that, he is not. The
content herein is intended solely for the entertainment of the reader, and the
author.
this blog represents only the opinions of Mr. Matthews. Mr. Matthews also acts as an advisor and
clients advised by Mr. Matthews may hold either long or short positions in
securities of various companies discussed in the blog based upon Mr. Matthews’
recommendations. This commentary in no
way constitutes investment advice, and should never be relied on in making an
investment decision, ever. Also, this
blog is not a solicitation of business by Mr. Matthews: all inquiries will be
ignored. And if you think Mr. Matthews
is kidding about that, he is not. The
content herein is intended solely for the entertainment of the reader, and the
author.
3 replies on “This Just In: “HP Not Doing Well””
You, Kynikos, and a competitor helped me stay away from this one in the 20s (and change my bias to sell/short). Thank you.
Is there a company as large as HPQ (by way of market cap or revenue) that has (or had) as much C-level turnover?
Funny enough, HPQ's "C-level turnover" has been mainly limited to the CEO. The CFO who presided over all these disasters (EDS, Autonomy, spin off the pc's/don't spin off the pc's) is still there, amazingly enough.
There aren't many like this one…
JM
@ Jeff,
What is probably most poisonous is how HP's board remains intact — under incredibly bad performance for years. This is one of the markers of a really bad company — like Yahoo.
Until the board fires itself — we won't see a turnaround.