IT & Network Infrastructure : HP Struggles to Throw Off Image of Stumbling Tech Giant

By Clint Boulton  |  Posted 2011-12-01 Print this article Print
Party Like Its 1999

Party Like Its 1999

HP in 1999 tapped former Lucent sales executive Carly Fiorina as CEO of a technology company that makes computers, servers, printers, data storage, etc. Really? Her tenure was highly controversial and short-lived, which set a trend for HP CEOs for the next decade.
It's no secret Hewlett-Packard has seen better days. Actually, the embattled computer services/mobile/storage/"big data" management company has seen better decades. We aren't making these statements lightly or in jest. Aside from its solid printer business, the company has been in flux, struggling with its identity and searching for a formula for long-term stability for more than a decade. New HP CEO Meg Whitman, who took over for the unceremoniously fired Leo Apotheker in September, reported a fourth quarter net income drop of 91 percent as she attempts to clean up the former leader's mess. "We've got some rebuilding to do," Whitman told The New York Times Nov. 21. "What this company has been through would have felled lesser companies." And it could still, yet. In this slide show, we examine some of HP's more questionable moves. Some of the views in this side show were provided by Allegis Capital investor Jean Louis Gass??«e, who recounted many of HP's recent strategic mistakes and miscalculations.

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