HP, RIM, AMD Among 10 Prominent IT Turkeys of 2012
In 2012, the highly respected IT giant wallowed in corporate mistakes made years ago, and it will take a few more years to get back fully on track. Even though the company fired him in September 2011 after a crazy 11 months as CEO, Leo Apotheker's influence is still impacting the company in negative ways. On Nov. 20, the company was forced to take a whopping $8.8 billion charge for the Autonomy acquisition that Apotheker advocated, alleging "serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy that occurred prior to HP's acquisition of Autonomy." HP basically wrote down 80 percent of the value of the transaction. The bigger question: Who vetted this deal for HP?
As does the rest of the world, the IT business in all its forms moves on to its particular successes and failures. We all like to read about the progress IT makes in personal computers, smartphones, servers, storage, networking, the cloud, big data—and all the rest—and the failures (security breaches, premature products, buggy software and so on) mostly get their due as well. This year certainly wasn't without its technical turkeys, be they products, services or entire companies. In this slide show, eWEEK takes a look back at this past year to remind us all of how it all went. This presentation focuses on a mere 10—oh, there could be many more—of the year's most memorable mishaps for which, thankfully, we do not have to be overly thankful. Some of the more prominent ones include Hewlett-Packard, a respected IT giant that has struggled with corporate leadership and vision; AMD, which has misjudged the market several times and cannot seem to make progress against Intel; and Nokia, a global smartphone mainstay that has continually stubbed its toes on key market and product decisions.