[conspire] HP Melt Down
rick at linuxmafia.com
Mon Aug 22 20:50:02 PDT 2011
Quoting Ruben Safir (ruben at mrbrklyn.com):
> I don't think that makes much business sense. Evidently Wall Street
Short term stock fluctuations don't do anything other than support what
the late Louis Rukeyeser said: 'Wall Street has all the emotional
stability of a thirteen-year-old girl.'
Long term, the problem is that HP Personal System Group (PC division)
had only a 6% operating profit in the quarter most recently reported,
which makes it, relatively speaking, a drag on the rest of the company
compared to parts of the firm pulling in a lot more profit on smaller
capital investment. So, Apotheker apparently wants to go SAP -- or go
IBM, as it were.
> My gut tell's me something else is wrong aside from the
> change in CEO orientation. One of two things. A) HP felt it was
> facing a patent war with Apple, and B) These guys HATE to compete.
> They'd rather surrender whole markets than duke it out.
I think your gut needs to hear about Occam's Razor.
> eh - I'm pretty frustrated with it all.
Why? This isn't open source / free software at stake, just some rather
dumb corporation that can't figure out what business it's in. I've
worked at a few, even.
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