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Tuesday, August 10, 2010
Hurd it on the Streets: Mark to Oracle?
Seems Mark's friends are coming to his defense.
Larry Ellison, CEO at Oracle, fired off a communique that may reflect the feelings of most observers - HP's board is full of a bunch of idiots.
They reportedly relied on counsel from a PUBLIC RELATIONS FIRM when deciding to fire Mr. Hurd.
I've said it before, HP is great at making really cool things, but marketing, not so much.
A quote from Ellison,
"...The H-P Board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago. That decision nearly destroyed Apple and would have if Steve hadn’t come back and saved them. H-P had a long list of failed CEOs until they hired Mark who has spent the last five years doing a brilliant job reviving H-P to its former greatness..."
Agreed.
Thursday, January 22, 2009
HP - $8.3 Billion in Earnings - E.P.S. up to $3.25 from $2.68
"Fiscal 2008 was a strong year with some notable accomplishments ... We have prepared HP to perform well and are building a company that can bring meaningful value to our customers and stockholders for the long term," Hurd wrote. "Looking ahead, it is important to separate 2008 from 2009, and acknowledge the difficult economic landscape."
The annual report revealed the following:
* Revenue growth of 13 percent, to $118.4 billion
* $8.3 billion in net earnings
* Earnings per share of $3.25, up from $2.68 in 2007
Additionally, Hurd earned $42.5 million in 2008, according to the company's proxy statement, released Tuesday.
Thursday, September 22, 2011
Holy CRAP!!!! Meg is In, Leo is Lost...and HP/Mother Blue? Slow-Motion, Disintegration
2011
HP has let Leo go - not surprising, and still shocking.
Meg is in, not surprising and still shocking.
The leaks, the rumors, the change in plans, the mystery, intrigue and tragedy that is HP.
Remember what started it ALL - Hurd's girl. Which is only saying Hurd started this.
But Meg? No really?
I do not dislike Meg, its just that I was out here when she ran for governor.
Stilted. Stiff. Planned, formula, handled.
No innovation. She appeared stuck in the old ways. She was overly advised, not genuine.
It seems to me, the HP board resurrected captain Ahab from the depths and put her on the bridge of the USS Ronald Reagan.
DOTC is calling it right now - NO GOOD SHALL COME OF THIS.
Click to email me.
Monday, August 9, 2010
The Email Hurd 'round the Org: "...We recognize that this change in leadership is unexpected news..."
“TO/ All HP Employees
"SUBJECT/ Organizational Announcement
"This is to advise you that Mark Hurd, Chairman and CEO of HP, has resigned from the company effective immediately. Mark’s resignation was submitted at the request of the company’s Board of Directors as a result of inappropriate behavior in which he engaged that violated HP’s Standards of Business Conduct and undermined his ability to continue to lead the company.
“At the request of the Board I have agreed to serve as interim CEO until a new, permanent CEO is hired. During this time I also will continue to perform my duties as CFO. The Board has formed a committee to undertake a search for a new CEO, and candidates from inside the company as well as outside the company will be considered. I have informed the Board, however, that I do not wish to be considered for the role of permanent CEO, and I have removed myself from being a candidate for that position.
“While this news is unexpected, HP remains in an exceptionally strong position both financially and in the marketplace. It is essential, however, that we remain focused and continue to achieve – if not exceed – our operational and financial objectives. “Because there is likely to be considerable media coverage of this announcement during the next few days, I wanted to be the first to share the facts with you.
Wednesday, March 3, 2010
The Death Of Edgeline, Again...This Time for Real. No Really. I Mean It this Time
Friday, April 21, 2017
It's Over and HP Wins
If copier OEMs are Missionary, HP is Reverse Cowgirl. It's Over and HP Wins
Anyone who knows me, remembers me lambasting HP for past gaffs and missteps: Hawk and Ikon, The "Long March" that was Edgeline, firing Hurd, Leo, and the all too infamous, TouchPad.
And who can forget "The Great Toner Purge of 2013"
During my talk at the Photizo conference back in 2012, I was asked if I thought HP would survive. My quick answer was "No, not as we know her today." That was then, this is now and HP ain't what she used to be.
Which brings me to my point: HP is going to win the war for the remaining clicks. HP will beat Canon, Ricoh, Xerox, and those who attempt to overtake her as the predominant provider of MpS and devices.
Why? Three reasons:
Sunday, July 1, 2012
MSFT to Bulid Surface: But What About HP? Karma Isn't Just an Electric Car
Everybody is doing it - Google, MSFT...okay, not everybody.
As the usual technology pundits air out their sponsored 'opinions', am I the only one who is hearing desperate cries over at HP?
Monday, December 29, 2008
HP Printers Sold in Iran - The Unholy Alliance -
He would not say whether HP plans to stop sales of its printers in Iran.
In a story first broken by Farah Stockman, at the Boston Globe, and now breaking all over the internet, HP, through a third party distributor, Redington Gulf is reported to be selling printers in Iran.
Lot's of printers.
According to sources withing Iran, HP holds 41% of the printer market, this, in the face of a comprehensive embargo that prohibits HP from sending its products to Iran.
There is a good argument that selling consumer based goods may not tip over into a national security issue, but neither do cigars and rum.
Indeed, HP is not breaking any laws.
Products being supplied to Iran are not likely to be mentioned in a specific "ban" list and the third party distributor provides insulation from legal harm. Of course, if HP is sufficiently aware of Redington Gulf's sales in Iran, it may be in violation of US export laws.
Andrew DeSouza - US Treasury Department, said US companies are barred from selling their goods to a distributor if they have "knowledge or reason to know" that the goods are intended for Iran.
But what of the publicity damage? Xerox may provide answer.
After reviewing the Xerox website in February of 2006, SEC contacted Xerox, asking about the third-party distributors Xerox used to sell its copiers in Iran, Sudan, and Syria.
"We note from your website that you may have operations associated with Iran, Syria, and Sudan, which are identified as state sponsors of terrorism by the US State Department and subject to economic sanctions imposed," stated the letter from Cecilia D. Blye, chief of the SEC's Office of Global Security Risk. "We note also a public media report that Xerox products are sold in Iran."
Xerox said they had entered into legal distribution agreements with foreign distributors who were within their legal rights to sell in Iran.
By August, Xerox announced an end to the those distributor agreements.
HP is on the right side of the law on this. Whether Hurd acquiesces to the predictable media attention remains to been seen.
Sourced article, Boston Globe by Farah Stockman, here.
Click to email me.
Tuesday, November 25, 2008
HP announced profits of $2.7 billion on sales of $33.6 billion
PALO ALTO, Calif., Nov 24, 2008 (BUSINESS WIRE) --
--Fiscal 2008 net revenue up 13%, or $14.1 billion, to $118.4 billion
--Fourth quarter GAAP operating profit up 4% to $2.7 billion; $0.84 earnings per share, up from $0.81 a year earlier
--Fourth quarter non-GAAP operating profit up 21% to $3.4 billion; $1.03 earnings per share, up from $0.86 a year earlier
--Fourth quarter cash flow from operations of $3.3 billion; fiscal 2008 cash flow from operations of $14.6 billion, up 52% from a year earlier
--Closed EDS acquisition; integration on track
HPQ 35.70, +1.06, +3.1%) today announced financial results for its fourth fiscal quarter ended Oct. 31, 2008, with net revenue of $33.6 billion, up 19% from a year earlier and up 16% when adjusted for the effects of currency. Excluding EDS revenue, net revenue grew 5% year over year or 2% when adjusted for the effects of currency.
Imaging and Printing Group
Imaging and Printing Group (IPG) revenue declined 1% to $7.5 billion. Supplies revenue grew 9%, while Commercial hardware revenue and Consumer hardware revenue declined 10% and 21%, respectively. Printer unit shipments decreased 8%, with Consumer printer hardware units down 8% and Commercial printer hardware units down 9%. Operating profit was $1.2 billion, or 15.5% of revenue, versus $1.1 billion, or 14.5% of revenue, in the prior-year period.
"HP capped off a strong year by delivering another solid quarter led by strength in our services segment and disciplined expense management," said Mark Hurd, HP chairman and chief executive officer. "Our global reach, broad portfolio, numerous cost initiatives and consistent execution differentiate HP in the current economic environment."
Thursday, June 19, 2008
What Is Going On Over At HP?
Stirrings at HP IPG -
Started here.
Looks like simple consolidation of some redundant areas - but HP did use the words "significant" and "cost cutting measures".
From the IdahoStatesman -
"...HP Spokesman Ryan Donovan said the restructuring will “impact” Boise, but would not say whether layoffs are in the offing. He said the reorganization will take effect Aug. 1...
The Imaging and Printing Group has traditionally been HP’s most profitable, largely because all of the money that the division makes from selling printer ink.
In the first six months of HP’s current fiscal year, the division earned $2.38 billion on revenue of $14.9 billion. But the operating profit improved only 6 percent compared to last year, a pace lagging other HP divisions Hurd has already reorganized.
Donovan said the restructuring will move HP from strictly a printer company to global provider of hardware, software and printer services.
The three new business units will:
• Specialize in offering Ink jet hardware, supplies and services to individual consumer and small businesses.
• Offer printers, supplies, management software and counseling services to large corporate customers.
• Provide large graphic printing products, supplies and services for everything from architectural blueprints to outdoor signs."
Wednesday, December 30, 2009
Clouds of Misfortune Rolling in On The Winds of Change: Copier Industry Next to Fall?
"It's the End of the World as We Know It."
"The Future Ain't What It Use to Be."
"Fail to study history, doomed to repeat it."
"See, I told you so."
"I shaved my legs for this?"
The other day, I read a post over at Callinan's blog, here. It's good, it's about changes in our industry.
And Ken Stewart has a pretty good grasp on the subject as well, go here, and see his newly re-minted theme - it's to die for!
I've run into a flurry of statements, lately, like these,
"...copier dealers need to change or die..."
"...MPS is not getting the return we expected..."
"...the best way to sell MPS is to start with changing people..."
"...how can we adopt MPS when one of the MPS goals is to reduce MIF..."
"...this will kill the industry..."
Thursday, February 4, 2010
The Death of Edgeline
Friday, March 7, 2008
Should HP Purchase IKON's PS Division? - Delicious!!
"At the beginning of the month we sell solutions (Documentum, Captaris, RightFax, Objectif Lune, etc.) by the end of the month, we sell copiers (Ricoh, Canon, K-I-Coe-Sera)"
- famous IKON sales-dude.
Recent press:
"...In a conference call, Espe noted that IKON planned to work with vendors, adjust its go-to-market strategy and take steps to improve sales profitability. To that end, IKON is expected to reduce costs and expenses by $25 million in this fiscal year. Espe noted that the company does remain committed to a stock repurchase plan it embarked on in November 2007.
The bright spot in the report was in managed and professional services, which reported revenue growth of seven percent, to $206 million from $192 million in the same period last year.
Within that realm, on-site managed services, which comprises some two-thirds of IKON's managed and professional services revenue, grew 10 percent. The company noted that was largely due to the expansion of existing contracts and new sites. Professional services grew nine percent, owing much of that increase to strong European business. However, off-site managed services decreased three percent..."
The PS Division is doing better at IKON - as equipment sales stall, flatten and degrade.How many monkeys does it take to...
How many people does it take to process, configure and deliver a copier? Would you believe 20-30, if all is well with the order and nothing is out of the ordinary? Of course these 20 or so people are just involved with the "pushing of paper" - add to this the technicians who stage equipment, the drivers who deliver and the techs and Professional Service Consultants who connect the unit to the clients' network.
Now, to make things really interesting, lets shift some of the higher end tasks like network connectivity, scan connectivity and set up, and user set-up LDAP or Exchange, onto the technicians plate - technicians who are the very best at fixing mechanical breakdowns and failures; twisting wrenches and banging hammers. -- Train Wreck
Honestly, selling the copier is the easiest aspect of sales at IKON.(at first)
I am not making any of this up, this stuff can't be made up, I have seen it with my own eyes."OH, how the Mighty have Fallen"
Get this - A year ago IKN's stock was at 14.00 today it is at 7.14! Can you say, "DANKA"?!!
So now IKN is in the middle of a huge stock buyback, "reaching out to vendors" and looking to reduce more costs - while doubling or tripling the layers of management between the "trenches" and the "Towers" - classic!
Core Competencies
When the going gets tough, get back to basics, back to the roots, back to what worked and what got you to over 2 billion in revenues - copiers. Sell Copiers. Period. No EDM, no Documentum, no Captaris, strictly copiers. The Core. Reduce the number of people it takes to process an order and deliver a product. Get comfortable residing in a cell, on CPM's Vendor Analysis Spreadsheet. Get use to disappointment.
And in order to re-focus, get rid of the influences that can take you away from your focus - Professional Services.
What would HP get in the end?
1. A global network of established relationships built around solutions.
2. An instant increase in "brainshare" in the Analysis and application space of Managed Print Services.
3. Payback. See this previous post.
Off the IKON site:
"IKON's Value Proposition
At IKON, partnering with our customers to uncover needs, costs, current processes and future expectations is a critical part of developing a strategy that will be successful for years to come.
What sets IKON apart from the competition is our unique ability to provide the most knowledgeable people and integrate them with innovative technology, document expertise and best practices to create a framework for success. From this base of experience, we deliver a sustainable competitive advantage to your operation by eliminating inefficiencies and improving your administrative and document management processes."
I don't care how low their stock is, the above Value Prop is very impressive - not one mention of copiers, not one. Now, just replace "IKON" with "Hewlett-Packard"(or SIGMAnet - MPS... who?). It works, don't it?
Ok, I have both Hurd and Espe's email; I volunteer to broker the deal. For a small fee.
Introductions might go like this:
"Mark, meet Matt. Matt, this is Mark. Now, we're just three guys talkin here - no worries, ok? Yousse, guys work somin out, bada bing, bada boom - we got a big deal, we toast, we dance, we sing, we all go home happy, capice? Talk amongst yourselves - fogeda bout it.
Monday, September 8, 2008
Who's The Boss?
It is my humble opinion that one should "earn the right to propose" before throwing numbers and "closing techniques" at a prospect. I feel it's amateurish at best and more likely unprofessional.
So I ask you - WHO IS YOUR BOSS?
Is it Mark Hurd? Is it Espe? Is it the stock holders of your company? Is it the owner of the dealership you currently work with? Is it Obama?
I say to you NO.
This is a personal opinion, and for all you "bosses" out there this is for you too.
Your "boss" is the most complicated person in the world, the most befuddling, and confusing and although you have known this person all your life, you probably don't know as much about he or she as you should.
The "boss" I refer to is the person who looks back at you each morning while you're shaving or putting that stuff on your eyelids - you.
You are your boss.
Now, I ain't no Tony Robbins, loved him in Shallow Hal, but this isn't that difficult of a concept to get...your current place in life is a direct result of all the decisions you have ever made prior to this point in history - not Obama's or Espe's.
This epiphany can be liberating - but does carry a heavy burden for you- now you need to take complete responsibility for your life, the good and the bad - YIKES!
It's like the Matrix - once you "get it", you may ask yourself, "why oh why didn't I take the Blue pill..."
Ignorance is truly bliss - If you want proof, ask your manager.
Click to email me.
Friday, August 28, 2009
Does HP Really Need a Channel? Really?
The answer is Yes, HP needs a channel. But read on...
What's more, HP just may be "getting" this MPS thing. (tongue in cheek)
As we have witnessed over the past few months, Hurd's herd, has openly marketed their old, tried, and true MPS programs(SPS?).
The HP "guarantee" is the latest salvo.
To be sure, HP has been pushing the MPS program at the Enterprise level for years and any HP IPG VAR has had, in the past, little reason to fear the "mother ship" swooping in on their smaller, B2B business.
Everything changes, that's a fact...
With few new equipment releases, reduction in R&D, and decentralize MPS programs for the channel - through partnerships with Great America, Synnex, Ingram, etc.- comparatively, the HP MPS plan for the channel seems a bit less focused.
There's nothing like the 23 module behemoth from Ricoh, or the easy to use Xerox PagePack 3.0 or entry level, scalable programs from Toshiba, Oki and Samsung.
What gives? Gartner's analysis sheds some indirect light on the subject:
"HP lost 3.4 percentage points market share to total 40 percent market share in the first half of 2009 as it maintained a tighter control over its channel inventory levels amidst weakening demand."
Hardware sales are soft so where does one look to increase revenue in an equipment slump?
Managed Print Services.
HP's existing client base is huge and contains large enterprises that utilize 1,000's of HP printers - MIF.
And what's the number one place to look to for that low hanging fruit? Your existing client base.
Unlike a good deal of VARs and dealers in the channel, HP is not afraid to let their highly trained MPS specialists waltz into an ITG account and start pitching MPS.
That's the easy stuff.
As for SMB MPS channel; if equipment sales are down, why bother working through an unproven, inexperienced channel partner when the plan is to REDUCE the number of units sold?
So,
The best way for HP to dig into the SMB Managed Print Services treasure chest is direct, not through a channel.
Woah...wait, what, huh?
That's right.
The hot, new revenue stream is MPS, and does not require selling equipment - indeed, the exact opposite should happen. There is no reason to work with a VAR selling pure MPS services, services which reduce the number of HP's or xerox, Lexmark, or anyone's boxes.
HP can provide MPS directly on a national, global basis - why not locally? Why not right in your backyard?
So the recharger folks are freakin scared? The rest of us are simply in bliss.
Fear not, dear HP VAR and IPG SVIP OPS reseller - the news is good and it comes from across the pond.
Alan Hatfield, Channel Development Manager at HP, out of Gloucester, United Kingdom, was looking for a UK growth target of 100% between the months of May and September.
To increase ANY type of business by 100%, in only 6 months, is a lofty and seemingly unrealistic goal, but Hatfield expects to see a 90% increase.
Our friends over at Photizo Group estimate the MPS market be more than $50bn by 2013, with more than 50% of all devices coming under MPS contracts.
If the ratio's from the UK/Europe hold true, that's a paltry $25 billion for us in the channel...so who cares if HP needs or doesn't need a channel - figure it out.
One source article here.
Friday, January 30, 2009
Lyra Symposium 2009 - The Death of Edgeline
HP had set their eyes on the copier world again and this time it was different.
This time HP has it's own machine, not some "duct taped" apparition.
This time HP was in charge of the channel, not partnering with a non-committal, old school dealer channel.
With Edgeline and an existing VAR channel, The Death of The Copier was just around the corner.
The machine utilized ink, did not use heat, corona wires, or static.
Demos were conducted, partners and service technicians trained.
Awards like the "Must See ‘em award" at the Graph Expo trade show, the “Technology Award” from the Microsoft Vendor Program (MSVP) and kudos from no less than BLI came rolling in.
Elite dealers made unit commitments - the world was their oyster.
The world waited -
And waited.
Fast forward to January, 2009. More specifically to the last session of the three day Lyra 2009 Symposium.
On stage sits the panel of esteemed financial pundits who specialize in analyzing the print industry. Keith Bachman, Managing Director and Senior Research Analyst Enterprise Hardware and Imaging BMO Capital Markets, Rob Sethre, CEO Woodford Group, Charles LeCompte, President Lyra Research, and Shannon Cross, Managing Director IT Hardware and Imaging Technology Cross Research.
Someone from the audience asks about HP Edgeline.
The panel does not hold back.
Phrases like,
and proven to be an "objective failure" or HP is at best "...persistent at their failure..." seem to echo off the dark blue velvet back drop.
Of course, it didn't help that HP just announced the "relocation" of Edgeline R/D from Vancouver to Singapore. No, that did not help at all.
Edgeline falls within in IPG so the discussion blossoms once again with phrases like,
because "...Hurd is now focusing on IPG...trimming the fat..." so IPG can be "...more nimble..." especially when "...there is no more growth coming from the cash-cow..."
As bad as all this is, and deservedly so, there is a silver lining of sorts. It is expressed that no other firm in the world would be able to absorb such a disappointment. Additionally, it was commonly believed that HP will "do something" to get into and ultimately dominate the copier market.
As for suggestions on how HP could do just that - Shannon Cross in a wonderfully abrupt and direct manner clearly stated,
She followed up with, "they should buy Xerox...but there would be dominance issues." I believe alluding to the monopolistic aspects of such an occurrence.
HP Should Buy Canon - that is the take away from this session.
An acquisition like this would allow HP to own outright, their laser engines and give them some sort of foothold in the copier industry. But, in light of the relative strength and dominance Ricoh will soon have in the industry, the question has to be, does HP have enough guts to get into the fray?
If only HP had a gutsy-type guy at the helm...
UPDATES:
The Death of the HP CM8060 with Edgeline Technology has been Greatly Exagerated
Saturday, December 31, 2011
To Boldly Go
And so it has finally come to this - There is nothing new for me to write. There is nothing I can say, that I haven't said before; Manage Print Services has peaked and it's time to "jump the curve".
Sure, there are plenty of adventures remaining, lots of cold calls, assessments, proposals, and engagements remain to be had.
Have it.
I will certainly NOT stop talking or writing about technology in our little niche - see you at some shows.
But there is more...