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  • 2 Post By bluenote
  1.    #1  
    Hi all,

    FYI. See link.

    Take care,


    HP Chairman Sees Turnaround as Long-Term Project
    By REUTERS, July 26, 2011

    SAN FRANCISCO (Reuters) - Turning around troubled Hewlett-Packard is a long-term project that will require more investment in the business, company chairman and venture capitalist Ray Lane said.

    After two disappointing quarters marked by slashed sales expectations, some on Wall Street had begun to question whether Chief Executive Leo Apotheker's strategy of embracing cloud computing and mobile software would bear fruit.
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  2. #2  
    Well the picture would be more clear in the coming 2 3 months.
  3. #3  
    thanks. This quote below is key:

    Lane, a managing partner at Kleiner Perkins Caufield & Byers who joined HP at the same time as Apotheker after former leader Mark Hurd left under a cloud of scandal, argued the new helmsman was paying for past mistakes.

    Lane said that serial cost-cutting under two previous CEOs had stifled innovation at a Silicon Valley icon once renowned for cutting-edge products.

    "It's not a three-month job," Lane said, adding that Apotheker is focused on HP's long-term growth."

    "Mark Hurd did not invest," said Lane, who is also a former top executive at Oracle Corp. "He burned the furniture to please Wall Street," he said.

    "Leo is not that," added Lane, who has known the HP CEO for 20 years.

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