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Hewlett-Packard Company Message Board

  • octogenarian_2003 octogenarian_2003 Apr 13, 2003 11:53 AM Flag

    who paid for this peice?

    www.bayarea.com/mld/mercurynews/5624252.htm
    Hey I could cut $3B for $10K fee. Heck, I could cut $6B for $10.2K!

    Posted on Sun, Apr. 13, 2003

    The HP-Compaq verdict: so far, so good
    COMBINED COMPANY IS FARING BETTER THAN SOME RIVALS
    By Dean Takahashi and Therese Poletti
    Mercury News

    Was Carly Fiorina right all along?

    Nearly a year after the Hewlett-Packard chief executive vanquished the opponents who tried to scuttle HP's $19 billion purchase of Compaq Computer, the outlook for the combined company is promising.

    Fiorina figured the technology industry would slow its growth and consolidate. It has.

    She promised shareholders the deal would finally give HP the economies of scale to make the personal computer business profitable. It has.

    She vowed to cut $2.5 billion in annual costs by 2004. She beat that goal, shaving $3 billion in the first year, and she's looking for more.

    HP is suffering through the tech industry's recession like every other company. But buoyed by its cash-cow printer business, it is faring better than smaller, more focused rivals like Sun Microsystems, Gateway and EMC.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • HP has never cost cut it's way out of trouble but through invention and true innovation with high profit products, not cheap iterations of commodity products, and has done so repeatedly for 40 years because engineers who understood technology were in charge. Until now.

      The final act of cost cutting will be to turn off the last light in Palo Alto if HP continues on this path.

      • 2 Replies to shock_n_ah
      • Exactly. All the cost reductions and job losses thus far have still not lowered HPQ's costs, at least in PCs, to a level where they can outsell DELL and make a good margin.

        I can think of many technology companies that got fat and bloated and arrogant and started a cost control program but not one that succeeded. At least not in a fundamental turnaround sense.

        Think of the too fat DEC in the 80s getting swallowed and cut by the too fat CPQ in the late 90s...Same as it ever was. Now the fat and arrogant HPQ is trying it all over again and the result will be the same...

        Years of strife and pain while jobs and shareholder equity spiral down the drain.

        Same as it ever was.

        Remember too that BOTH CPQ and HWP were merrily slashing away prior to the merger. PK.

      • Yes, the New HP Way is grow by acquiring low priced dead companies. The New HP Way is profit by milking the cow while reducing the each meal servings. Hey, everyone wants lean beef right? So what if the flesh was tough, nothing that the supermarket owners care. They age their own corn fed Kobei sides in the corner of their walk in meat lockers.

    • The "piece" looks to me is a filler, probably assignment for some interns from Foothill or DeAnza.

      All old material, nothing on the extraordinary votes on compensation and poison pill.

    • Article said:
      Meanwhile, HP is spending $400 million on a brand-identity campaign, dubbed ``everything is possible,'' to help repair the damage to its image.

      mho: Who the hell care these days with the war going on and profits/jobs getting slashed? $400 mil keeps 4,000 engineers employed for 52 weeks. Wonder what the 4,000 Stanford/Berkely grads would have cooked up!

    • Send your comments to these 2 typist who probably was in awe getting free coffee and donut during their interviews with Carly:

      Contact Dean Takahashi at dtakahashi@mercurynews.com or (408) 920-5739. Contact Therese Poletti at tpoletti@mercurynews.com or at (415) 477-2510

 
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