New CEO Whitman happy with HP’s current strategy despite investor unrest

By on Sep 23, 2011 at 3:45 PM
Business September 23, 2011

Meg Whitman may have assumed the role of CEO with HP on Thursday after Leo Apotheker was ousted, but that does not mean the company’s plans to kill of its webOS operating system, possibly spin off its PC business and purchase Autonomy are going to change. “It does not signal a change in the strategy,” Whitman explained to Bloomberg on Thursday. “We are behind the actions that were taken on Aug. 18. We are firmly committed to Autonomy.” Still, Whitman’s appointment has pumped a bit of new faith into the market. “Although there could still be curve balls around these planned initiatives, we believe the company is now in better hands to deliver the consistency that investors deserve,” Ticonderoga Securities analyst Brian White said in a note to investors on Friday. Other analysts aren’t so sure Whitman is the driving force HP needs. “The board isn’t going to change the strategy and is going to continue down this path, which frankly was the fear,” Deutsche Bank analyst Chris Whitmore told Bloomberg.

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  • Anonymous

    Touchpads for everyone!

    • Anonymous

      my best friend’s mom makes 77 USD an hour on the computer. she has been out of job for 9 months but last month her check was 7487 USD just working on the computer for a few hours. read about it here stnx.at/bp0j

  • http://about.me/brandonmccall brandonmccall

    I guess it’s safe to call it curtains for HP.

  • Anonymous

    i am suspect as to whether meg will bring serious leadership or value to hp…
    she is the next-in-line to sap them for millions on the way out following failure

    • Anonymous

      Yup…this is just a payday for her to recoup the millions she sunk into the governors race; probably a payback for something.

      • http://profiles.google.com/brotherkane Brian Kane

        She’s worth over 1.3B – she’s not doing this for money.

  • http://www.allegrotechie.blogspot.com Allegrotechie

    Bring. Back. web. O. S.

  • http://www.apple.com/ios/ios5/ BoyRetardedReport

    How come every article you guys post about Whitman, you use the same picture?

    • Twiznap

      In their defense, there aren’t many appealing pictures of Meg’s face out there.

  • Anonymous

    I just don’t get it… which must be the problem with the HP board.

    The whole issue shareholders and general commentators have is that the direction of HP is suspect at best as it doesn’t outline any real reasons for why this is the direction they have chosen other than fear that they can’t remain profitable in what many assume to be their core business.

    So Rather than questioning it’s actions the board ousts Leo and props up Meg, who proceeds to keep the status quo and offer no insights as to why their current course of action will achieve anything other than provide a large payout to Leo and hopefully her in due course.

    It’s like watching someone change the drapes to distract you from the fact the place is on fire.

    • Koolkankat

      I agree. What was the point of firing Leo and putting Meg in charge if you are keeping the same strategy? No wonder HP stock got hammered. Shareholders are voting with their feet and heading for the exits.

  • http://twitter.com/Vision77 Vision77

    Off with her head!!!…I’m sorry but something dirty is going on with HP…..Unless these are contestants for the new show: CEO Rehab, I have no more respect for the board at HP….

  • Anonymous

    I’ll bet anything she was put on the board 8-months ago for this very reason. What a completely incompetent company. She thinks their plans are good!?! Wow! The clock’s ticking for her already!

  • Anonymous

    I heard women’s menstrual cycles attract bears. HP is doomed.

  • Anonymous

    Yep, I agree…cheap Touchpads for everyone…Woman as CEO is always a bad idea…

    • http://profiles.google.com/brotherkane Brian Kane

      Disagree – totally sexist troll comment.  THUMBS DOWN!

  • Mcfornes

    Being CEO of HP is starting to have the appeal of being “Spinal Tap’s” next drummer.

  • Anonymous

    RIP HP

  • Olmajo

    she’s f***ing hot. But not in this pic

  • Anonymous

    Sept. 23rd – 2012:
    @ MegWhitman
    I just got fired by phone!
    Me and Carol Bartz are going to establish “Fired by Phone Movement” for all the CEOs…

  • Anonymous

    News flash to Ms Whitman…If investors and the market are not convinced that the current course you selected on Aug 18 are correct, you and your board had better consider updates, or you and the Board might be the next HP casualty.

  • http://www.Verizonsucksass.com Johnny Test

    Dumb asses

  • Anonymous

    Whitman….driving force???  those words don’t belong in the same sentence. the only thing she’s going to do is wave to everyone as she drives HP right off the cliff.

  • http://twitter.com/#!/PitoVH787 Pito V.H

    she’s going to take them to the grave jajaja

  • http://pulse.yahoo.com/_47W6CR65QNWSRIPYCFU4C6VXE4 I

    She’s not gonna factor in HP’s future in any major way. She is only a placeholder until the board promotes a perm CEO from within the HP ranks.

    WebOS? ehh…

    PC business? Not going anywhere unless it is made into a separate entity, still owned by HP.

    Leo gone is only good for the company

  • CrossWired

    Time to short HP stock… now.

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