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HP struggles with the dynamic changes in tech

symbolset (646467) writes | more than 2 years ago

Businesses 0

symbolset (646467) writes "In what some may see at the failure of a massive tech giant to turn fast enough with the market, Bloomberg is reporting that HP reported a 44 percent drop in holiday quarter profits today against the year-ago quarter. Sales of home computers fell 25 percent. Servers, storage and networking fell 10 percent. New CEO Meg Whitman forecast "a multi-year turnaround." HP struggled to find direction under short-term CEO Leo Apothaker, and hasn't really been on firm footing since the scandal-ridden board ouster of Mark Hurd — who had turned the company around from a previous decline."
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