Wednesday, August 22, 2012

HP to Report Biggest Loss in it's History...Setting the Stage for the Greatest Show Ever

Huge losses, massive layoffs, transformation on a global scale - and yet is seems more is needed.

How about creating a Mobility Practice and doubling, no tripling, no quadrupling down on a the consumer play and go after the BYOD crowd? With a tablet?  Knowingly competing with the iPad, iPhone, iWhatever?

Goodness.

Not my words, from Venturebeat:

"...It(the Q3 loss) is likely to be the worst loss since HP started in 1939. Chief executive Meg Whitman is still coming up with plans to turn around the company, after a year on the job. One of her initiatives is to cut HP’s staff by as much as 27,000 over a couple of years, recording a charge of $1.5 billion to $1.7 billion.

HP is banking on a revival for its PC business as Microsoft launches its Windows 8 operating system on Oct. 26..."


HP plays to the street, always has. So Meg is rolling a bunch of bad news into one announcement, a cleansing of sorts, the loss from EDS as well as the hit generated by layoffs and early retirement offerings presented for all to see. (Who gets to retire, with full benies nowadays at the age of 47?!!)

I am rooting for Old Blue.  I see a future for HP, there just isn't any printing involved; 3D or otherwise.

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