Fiorina: HP Not Threatened by Dell Printer Sales
Speaking at the Gartner ITXpo, HP CEO Carly Fiorina says she's not worried about Dell's move into the printer business.ORLANDO, Fla.In the face of Michael Dells recent announcement that he plans to delve into Hewlett-Packard Co.s highest growth businessthe printer businessHP Chairman and CEO Carly Fiorina is expressing no fear. "People have been coming after [HPs printer business] for the 20 years weve been in it," Fiorina said today. "I understand why Dell wants to be part of this market. My answer is, Michael Dell, come on in, the waters fine." The printer business is a highly capital-intensive industry, and HPs low-end printers have 100 patents associated with them, Fiorina told an audience of industry professionals at the Gartner Groups ITXpo in Orlando this morning. Dell can be a distribution channel of low-end printers, but it wont be a major threat because HP is the low-cost producer, she said.
"HP has consistently demonstrated the ability to meet every competitive threat to our imaging and printing business over multiple years," she said. "The fact that Dell makes an announcement doesnt send us shaking in our boots."