WE NEED TO EXECUTE THE NEW RESTRUCTURE TO MOVE FORWARD
As the former head of European software giant SAP (SAP), Apotheker was a curious choice to lead HP (HPQ, Fortune 500) -- the largest U.S. technology company by sales -- since it is predominantly a hardware company. HP's software business makes up around 2% of the company's annual revenue, which hit $125 billion last year.
Apotheker stuck to what he knows best and decided to refocus HP on higher-margin businesses like cloud computing and software. He was particularly bullish on HP's acquisition of Palm, which was made prior to his arrival at the company. He planned to let Palm's webOS software permeate the company's various hardware lines, including PCs, phones and the much-publicized TouchPad tablet.
But the TouchPad was a failure, HP's phones weren't selling, and PC sales slumped globally. Last month, Apotheker announced yet another hard left turn: He opted to end the webOS experiment and said HP would get out of the PC business entirely -- a market that it leads both in the United States and globally.
The problem with Apotheker wasn't lack of vision as much as a lack of execution and communication, Lane said.
Whitman said Thursday that the company under her leadership would stay the course and continue to transition to an enterprise software business.
"The only thing we can do to regain investors' and customers' confidence is to execute, and that's what I intend to do," she said.
This guy sounds ideal for ALU. According to Wikipedia, he lost $30 billion in market cap in less than a year at HP. That's 3 times what Ben lost at ALU, and it took Ben 4 years to do it (of course Ben only had $13 billion to work with). Leo sounds like a real ALU guy. Here's a better idea. Also according to Wikipedia, he is now in Paris and working with some Silicon Valley investment firms "to invest in mature and distressed companies." Can anyone think of a company that might fit that bill?"