Hewlett-Packard was once the king of Silicon Valley. Not anymore. After years of executive turnover, the company has lost its soul although the money keeps pouring in. Meg Whitman intends to right the massive HP ship and just outlined an ambitious five-year plan that promises new products by financial year 2014 and finally growth by 2015. So three years from now. Gah.
Whitman took over for ousted Leo Apotheker in September 2011. Apotheker replaced Mark Hurd in 2010. Today during HP’s Securities Analyst Meeting,Whitman blamed HP’s current position on this constant turnover. She indicated it caused multiple inconsistent strategies. And she’s right.
While the PC landscape was radically changing, Hewlett-Packard, the largest PC company in the world, experienced unprecedented leadership changes. Now, in the latter half of 2012, the unofficial definition of a personal computer has shifted to mobile devices. HP does not have any mobile devices anymore. Under Mark Hurd, HP purchased Palm for $1.2B, but the first product from that venture was released under Apotheker. HP killed the TouchPad after just 49 days on the retail market.
Source
Whitman took over for ousted Leo Apotheker in September 2011. Apotheker replaced Mark Hurd in 2010. Today during HP’s Securities Analyst Meeting,Whitman blamed HP’s current position on this constant turnover. She indicated it caused multiple inconsistent strategies. And she’s right.
While the PC landscape was radically changing, Hewlett-Packard, the largest PC company in the world, experienced unprecedented leadership changes. Now, in the latter half of 2012, the unofficial definition of a personal computer has shifted to mobile devices. HP does not have any mobile devices anymore. Under Mark Hurd, HP purchased Palm for $1.2B, but the first product from that venture was released under Apotheker. HP killed the TouchPad after just 49 days on the retail market.
Source