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  • 1 Post By mosdl
  1.    #1  
    hp ceo and could reverse his decisions to kill the touchpad and webos.
  2. #2  
    let see what happens.
  3. #3  
    source? Sorry that's two 'headline' type threads I've seen of yours with a single sentence and not much else. Not knocking you ....I just want something to look at to elaborate.
  4. #4  
    The only story I found that referenced her there was a wildly speculative one that didn't mention the TouchPad or WebOS. Remember, this is the woman that spent $100 million of her own money to NOT get elected governor of California. (turned out her housekeeper was illegal!). I wouldn't wager on this one.
  5. #5  
    not the NY times but

    Hewlett-Packard investors like possibility of Meg Whitman as CEO

    HP shares rise nearly 7% as investors rally around reports that the computer giant is considering ousting CEO Leo Apotheker and replacing him with Meg Whitman.

    Meg Whitman, the former EBay Inc. chief executive who made an unsuccessful California gubernatorial bid, is again causing a buzz on Wall Street.

    Shares of Hewlett-Packard Co. surged Wednesday after investors rallied around reports that the computer giant was considering ousting beleaguered Chief Executive Leo Apotheker and replacing him with Whitman, at least temporarily.

    Whitman, who is a director on HP's board, has stayed largely under the public radar since her loss to Gov. Jerry Brown last year in a race on which she spent more than $150 million most of it out of her own pocket. However, she has stayed active in Silicon Valley technology circles through her advisory roles at HP and at prominent venture investment firm Kleiner Perkins Caufield & Byers.

    The prospect of a leadership change sent HP shares up $1.51, or 6.7%, to $23.98, the largest one-day rise since the Palo Alto company announced a month ago that it would undergo a major restructuring, including exploring the possibility of divesting its personal computer business, the world's largest. Since those plans were announced, HP's stock price had plummeted more than 30% as of Tuesday's stock market close, with Apotheker receiving the brunt of the blame from investors.

    "The board just needs to act in the best interest of shareholders and get the leadership in order," said Jeffrey Fidacara of Susquehanna Financial Group. "There are too many loose ends here that lead to uncertainty, and uncertainty leads to a lower stock price."

    Spokesmen for Whitman and HP declined to comment on the reports of the possible shake-up.

    But analysts said Whitman's 10 years of experience at EBay were seen both as an asset and a liability. Whitman took over the online auction company in 1998 when it had 30 employees, and by 2007 had turned it into a tech titan, with $8 billion in annual revenue. But EBay's growth slowed toward the end of her tenure, and several buyouts she orchestrated like EBay's $3.1-billion purchase of Skype in 2005 flopped.

    Still, given Whitman's resume, the possibility of her appointment "made sense" for HP for the time being, Fidacara said. That would be especially true if she had the backing of Cathie Lesjak, HP's chief operating officer and former interim CEO, who guided the company through the loss of its previous chief executive.

    Over the last decade, the Silicon Valley electronics maker has had trouble avoiding turbulence at its highest levels. In 2005 HP's board fired Carly Fiorina, who like Whitman ran unsuccessfully for political office. Fiorina was blamed for backing a controversial deal to buy Compaq, a move that made HP the largest computer maker but failed to bring the returns hoped for by investors.

    Last year HP's board forced out Apotheker's predecessor, Mark V. Hurd, amid sexual harassment allegations, a drama that was preceded by a headline-grabbing scandal in which executives were accused of spying on board members and journalists.

    But Hurd, unlike Apotheker, was well liked by investors for having delivered consistent revenue and profit growth during his five-year tenure. Apotheker, meanwhile, has presided over HP's lowest stock price in six years, and the company has forecast weaker sales in each of the last three quarters.

    Apotheker's dramatic reorganization included shutting down HP's smartphone and tablet computer businesses, removing HP from one of the fastest-growing consumer technology sectors today. Apotheker also took heat for his August decision to buy British software maker Autonomy Corp. for more than $10 billion in an effort to gain a stronger footing in the blossoming corporate software market.

    Apotheker's moves to pilot HP out of the computer-making business come as global PC sales continue to slow, a trend that many analysts believe will continue indefinitely as more consumers turn to smartphones and tablets.

    Many investors have not been happy with Apotheker's aggressive approach to reinventing HP.

    "Our conversations with investors continue to point to near-universal opposition of the Autonomy acquisition, due to its high price," analyst Toni Sacconaghi of Sanford C. Bernstein & Co. wrote last week.

    Also last week, an HP investor filed a class-action securities lawsuit against the firm in federal court in California, alleging that the company had given investors "materially false and misleading statements" about its business last year, specifically that smartphones would play a major role in its future strategy.
  6. mosdl's Avatar
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    #6  
    Meg is probably the worst possible solution. HP would become even more of a joke.
    Apps: MyQ for Netflix (Phone/TouchPad), Giantbomb (Phone), Excavate (Reddit/Digg clients for TouchPad)
    allowingtoo likes this.
  7. c000's Avatar
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    #7  
    yeah i dont know why they keep hiring/promoting proven losers for that position
  8. #8  
    I think the mentality isn't so much "Yay Whitman is awsum !" as opposed to "Yay anyone but Leo!"
  9. #9  
    <thread moved>
  10. #10  
    Quote Originally Posted by Nychotxxx View Post
    hp ceo and could reverse his decisions to kill the touchpad and webos.
    if that happens they may just make a lot of money a few years down the road.
    HP Touchpad 32gb
    I'm not an doctor, but I play one in real life.
  11. mike5's Avatar
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    #11  
    Wall St Journal today reporting Meg, a current member of the Board of Directors, might be an INTERIM CEO if she accepted that job, but she may not be interested.

    Wish I could negotiate a contract like Leo, though:

    "If he is forced out, Mr. Apotheker could walk away with $35 million in compensation and severance for his 11 months at H-P, according to calculations by The Wall Street Journal."

    Here is link to story:

    http://online.wsj.com/article/SB1000...LEFTTopStories
  12. #12  
    All HP has to do is immediately replace Leo with Todd Bradley, replace their Board of Directors with industry "champion" executives, and change their tagline frpm "HP Invent" to "HP Re-Invent" not "HP is Spent".

    P.S. I wish HP could replace their entire BOD with our loyal webOS Internals and HomeBrew "action" team of developers and warriors.

    P.S.S. I cast my vote for Rod Whitby as head of webOS Development.
  13. mike5's Avatar
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    #13  
    Here are the details of Leo's potential $35M severance:

    H-P CEO Apotheker Could Walk Away With $35 Million - Digits - WSJ
  14. #14  
    So that's how Leo does it, leave one ship sinking (SAP), collect a large sum of cash as severence then sink another ship (HP) and collect a cool $35 mil.

    Geez, in this economy, is there not a law against this kinda crap? (I feel so bad for those 525 loyal webOS engineers and staff let go to pay for Leo's ridiculous, callous behaviour.)
    Perhaps they can be rehired by the new regime?
  15. #15  
    Quote Originally Posted by fred1955 View Post
    So that's how Leo does it, leave one ship sinking (SAP), collect a large sum of cash as severence then sink another ship (HP) and collect a cool $35 mil.

    Geez, in this economy, is there not a law against this kinda crap? (I feel so bad for those 525 loyal webOS engineers and staff let go to pay for Leo's ridiculous, callous behaviour.)
    Perhaps they can be rehired by the new regime?
    I don't know... but if it was you, after you got let go would you want to return?
  16. mike5's Avatar
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    #16  
    Fortune Magazine calls HP Board of Directors Pathetic:

    HP's Board of Directors Is Pathetic - Forbes

    It does point out that Leo got to appoint 5 members of the current BOD.
  17. mike5's Avatar
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    #17  
    Quote Originally Posted by fred1955 View Post
    So that's how Leo does it, leave one ship sinking (SAP), collect a large sum of cash as severence then sink another ship (HP) and collect a cool $35 mil.

    Geez, in this economy, is there not a law against this kinda crap? (I feel so bad for those 525 loyal webOS engineers and staff let go to pay for Leo's ridiculous, callous behaviour.)
    Perhaps they can be rehired by the new regime?
    Ha! No law and there isn't anything illegal about the contract. AND, I am sure when they hired Leo, the plan was for him to be on the team for longer than a year. This will be interesting days at HP. Sadly, it is the employees, consumers & investors hurt by this debacle.
  18. #18  
    True. The "loyal 525" could join forces with our webOS Internals and homeBrew communities. Awesome form factors would ensue.
  19. #19  
    The loyal 525 could help out webOS only if their new jobs let them...who knows.

    They first can apply internally for other HP jobs. They get first dibbs. Then after a while if they don't find new jobs at HP, they are let go...
  20. #20  
    Just had to...
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