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Sunday, October 30, 2011

Hewlett Packard: What's going on with HP Now? (10-30-11)

From the Article:

(Saab, Hewlett Packard: Deals to Watch

Skipping on down to the HP info...

After two months of uncertainty, HP's(HPQ_) new CEO Meg Whitman has made her second decisive stamp on the world's largest computer maker in a month, by announcing the company will retain its division. HP announced on Thursday, after spending the last few months considering a spinoff of its computer business - that it was too important to overall revenue and the company's supply chain to be cut.

"HP objectively evaluated the strategic, financial and operational impact of spinning off PSG. It's clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders, and right for employees," explained HP CEO Meg Whitman, in a statement released after market close on Thursday.

HP rose nearly 5% to $28.34 a share in early trading. The stock, which is down over 30% year to date and is one of the Dow Jones Industrial average's worst performer, has recovered over a quarter of its value since Whitman's CEO nomination.


Related Videos on HP...

Visit for breaking news, world news, and news about the economy

  1. HP's Bradley Says WebOS Report `Unfounded Rumor'

    youtube.comNew2 days ago - 8 min - Uploaded by Bloomberg
    Oct. 28 (Bloomberg) -- Todd Bradley, executive vice president of the personal systems group at Hewlett-Packard ...
  2. Video: HP Keeps Its Computers

    msnbc.msn.comNew2 days ago
    Hewlett-Packard has been on a wild ride since news went public that former CEO Leo Apotheker was considering ...
  3. White Says HP Should Move to Cloud Computing ...

    youtube.comNew3 days ago - 8 min - Uploaded by Bloomberg
    Oct. 27 (Bloomberg) -- Brian White, an analyst at Ticonderoga Securities LLC, talks about Hewlett-Packard Co ...

The Original Report I found on Friday, August 19, 2011

HP to 'Reinvent' Company With Return to Roots


By spinning off Hewlett-Packard Co. (HPQ)'s personal-computer business, Chief Executive Officer Leo Apotheker is shedding a unit the founders never liked anyway.

David Packard only reluctantly agreed to focus on PCs in the early 1990s. And Walter Hewlett, a board member and son of co-founder Bill Hewlett, mounted an unsuccessful campaign to block the 2002 acquisition of Compaq Computer Corp., a deal that vaulted Hewlett-Packard to the top of the PC industry.

From Hewlett-Packard's beginnings in 1939, the company's founders set out to invent one-of-a-kind products and tools for engineers. They never intended to become the biggest provider of a commodity product, said Michael Cusumano, a professor at the Massachusetts Institute of Technology's Sloan School of Management. Now that PC profits are waning amid competition from Asian rivals, Apotheker is poised to return to that philosophy.

"Their DNA never included being a commodity consumer products manufacturer, which is what the PC has become," Cusumano said. "It's certainly not where the action and innovation is in the business these days. They can reinvent themselves. They may have the capability to do it."

While the PC unit accounted for 30 percent of sales last quarter, it only generated a 5.9 percent operating margin. That's less than at any other division in the company.

Hewlett-Packard, based in Palo Alto, California, dropped $5.91, or 20 percent, to $23.60 at 4 p.m. on the New York Stock Exchange, the biggest decline since October 1987.

IBM's Deal


Go to my Previous Post on, "HP to ‘Reinvent’ Company With Return to Roots - Bloomberg" to Read More and See Video...

Hewlett Packard - What's going on with HP now? (10-30-11)
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HP Media Alert: Hewlett-Packard Statement on Comdisco Inc. Bankruptcy Proceedings
Bankruptcy & HP
HEWLETT-PACKARD CO (HPQ:New York): Transactions - BusinessWeek
Is HP going bankrupt? Stock crashed and layoffs? - Yahoo! Answers
hp bankruptcy - Google Search
HP Will Not Close PC Division, Will Keep On Making Computers For Years To Come
Google Custom Search
HP leases Chelsea Art Museum building for 10 years -
Saab, Hewlett Packard: Deals to Watch - TheStreet
Hewlett Packard - Google Custom Search on DonsDeals Blpg
hp bankruptcy - Google Search
hewlett packard bankruptcy - Google Search
HP's Bradley Says WebOS Report `Unfounded Rumor' - YouTube
msnbc video: HP Keeps Its Computers
White Says HP Should Move to Cloud Computing, Drop PCs - YouTube

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