Wayman will retire soon. Probably by year's end or sooner. He's been around too long as it is, and, of late, he's been selling a lot of options, cleaning house, imo. Besides this, carleton probably wants someone in there not making more than the egregiously obscene $4MM (salary only) she makes. lol....
spaforever sez: So that accounts for the true believer attitude by just ztruth. One of those "I'm going to hold till I get my money back, no matter how long it takes. The market is just wrong. I'll be justified in the end (of time)."
Couldn't have said it better myself. After I realized that 5 years ago, I decided the only way to deal with him was to laugh at him. One of my favorites from the AOL CPQ board was when he tried to pump up CPQ's cash flow after they had a huge P&L quarterly loss from one of DunceCapellas's many billion+ $$$ "one-time" charges. He posted an analysis that took cash flow from operations and added back the "one-time" $1+ billion charge because it was a non-cash charge. You should have seen him dance around the issue when I pointed out that what he had done was invent "Cash Flow from Non-cash Items".
I was ROFLMAO@Z!!!
"I've been reading znonsense spewed by zmoron since around 1998 on the AOL CPQ board. He kissed DunceCapellas's ass all the way down from the $40s to single digits during the acquisition by HPQ. He continues the same blind ass-kissing with Carly. The more failures they have produced, the louder he insists "the past doesn't count". Only the glorious "future" counts!!! "
So that accounts for the true believer attitude by just ztruth. One of those "I'm going to hold till I get my money back, no matter how long it takes. The market is just wrong. I'll be justified in the end (of time)."
By those calculations, the truth man will break even when HP gets to $63.00. No wonder he is in denial on the reality of HP's shrinking revenues. Like a pit bull holding on with a death grip. What a shame. Holding for 5 years with a 60+% loss, hoping and praying to break even, never considering other alternative investments. Got to admire the "true believer".
You surely can count your pennies. The thousands of shorts lost out $4 Mil in the last 5 weeks probably made $40 Mil in the last 3 years since Carl took over.
Wish you were a short like them, don't ya?
You feel lucky now? Why, Marie left to see her Mom and you have been rolling off bed on the right side instead?
Capital gain is a strange animal. But no need to debate for now. HPQ needs to triple for most HPQ shareholders to worry about taxes. The 8cents a share dividents amounts to $80 for 1,000 block of shares.
Woopie Doo! You will need a few more checks like that to get a deep tissue massage around here.
So you want a medal cause HPQ is at 52 week high?
Hello, anyone home? the 100 largest NAS companies averaged at 52 week high. In fact, the entire NAS community averaged at 52 week high.
Are you implying that Carl and her clownies (can't spell cronnies or cloneys...) are run of a mill CEO but gets $4.1 mil a year + $10's of mils in options?
spa forever sez: Arguing with the just z person is like arguing with a tennis ball.
Don't you mean "ztennis ball"???
I've been reading znonsense spewed by zmoron since around 1998 on the AOL CPQ board. He kissed DunceCapellas's ass all the way down from the $40s to single digits during the acquisition by HPQ. He continues the same blind ass-kissing with Carly. The more failures they have produced, the louder he insists "the past doesn't count". Only the glorious "future" counts!!!
just ztruth, like a pit bull:
" the real baseline for the new hp starts with results AFTER 5/3/02
spa ... not denial, just the facts"
Arguing with the just z person is like arguing with a tennis ball. You hit it against the wall, and it keeps coming back, with the same tired irrelevant denials.
Let me put it in terms a tennis ball might understand.
Company H has revenues of 46. Company C has revenues of 35. The revenues of H + C are 81 over a 12 month period, timeframe A.
They join forces, and 6 months later the combined revenues of H + C are now 73 for timeframe B, exactly 12 months later than timeframe A. Where'd the revenue go?
Maybe it's like a shell game. The pea "should" still be under one of the shells. Unless; IBM, or Dell swiped the pea. Or, manager H or C just took the pea and will return it at some future date, to be named later. But don't count on that happening. Manager H has told us the pea is going to be smaller yet over the next 6 months and will be increasingly more difficult to find, while manager C just took some of the blossoms from the pea and left for greener pastures.
Think of it like this. H and C said 1 plus 1 would equal 2+. Too bad, but 1 + 1 in their case turned out to be 1.89. Not 2+, or even 2.
It's the new CF math. Get used to it. Weaker results to follow. Film at eleven.
just ztruth, now in complete denial:
"spa ... u got a problem understanding ... hp was a >$40b revenue company before the merger ... now they are a >$70b revenue company ... thanks to mc and carly
carly's responsibility for consolidated merger revenue started on 5/3/02 ... not a day before
the hp annual report provides a histortical overview ... it doesnt assign responsibility"
One more time. The combined revenue of HP and CPQ was $81.1 Billion in FY 2001. FACT.
CARLY AND CAPELLAS jointly shrunk this by 11% to $73.2 Billion in FY 2002. And now since Capellas bailed with $17 Million plus an additional $12+ Million in stock options, Carly will shrink it again to $72.3 Billion.
It wasn't the revenue gremlins who shrunk the revenues. It wasn't the building maintenance staff in Palo Alto or Houston. It wasn't Frank Fiorina.
Hide your head in the sand and ignore what happened. That's your perogative. Just don't distort what happened, or what is about to happen again in the next 4 months.
>>>the merger did not close til 5/3/02 so perhpas ud like to explain how >Carly took a combined company whose revenues were $81.9 Billion in the FY ended 2001 and shrunk them to $73.2 Billion in FY 2002,
are u now holding carly responsible for the 7 months during fy-02 that compaq was operating as a standalone for ur historical comparison????? <<<<
I don't need to explain it. It's contained in the HP 2002 Annual Report for all to read:
Quoting from page 9 of the 180 page pdf document:
"In fiscal 2002 Revenue for HP totaled $72.3 Billion, a decline of 11%, compared to $81.1 Bliion in fiscal 2001 ON A COMBINED COMPANY BASIS. The decrease in revenue was due mainly to the ongoing economic downturn and the COMPETITIVE PRICING ENVIRONMENT."
You may choose to be in denial. But, the facts are in black and white, from HP's own lips. Try reading the HP Annual report, and the guidance from the FY 2003 Q2 earnings report.
HP had revenue of $17,966 in Q1, and $17,983 in Q2 of FY 2003. Guidance for the last half of FY 2003 is $36.4 Billion:
For the second half of fiscal 2003, HP affirmed Wall Street consensus estimates of $36.4 billion in revenue.
The reality of HP revenue:
FY 2001 $81.1 Billion
FY 2002 $73.2 Billion
FY 2003 $72.3 Billion
Deal with it. I won't bother going into the assinine statements of Fiorina in telling the world the combined companies would produce revenue of $87 Billion, in an attempt to sell the merger and save her job. Just measure her from the performance of the $81.1 Billion she started with. She gets a D. In the same "environment" IBM and Dell grew their earnings year over year and project that will continue.
justztruth spins some more:
>>>>i'm not sure what that has to do with the issue ... before the merger hp was a >$40b company, after the merger the new hp was a >$70b company ... the NEW hp gained >$30b BECAUSE of the merger ... kudos to carly ... my point >hp grew from a >$40b revenue company to >$70b ... are u disputing the accuracy of that statement????
Please stop the insanity. Carly took a combined company whose revenues were $81.9 Billion in the FY ended 2001 and shrunk them to $73.2 Billion in FY 2002, and now on the path to lose an additional $ billion in FY 2003 to $72.3 Billion.
Whitewash may have worked for Huck Finn, but doesn't cut it when measuring revenue in the world of finance. No matter how much lipstick you apply to the pig's snout, it's still a pig.
Go to the HP website. I've provided the link to you before. Just stop the merry-go-round. The spin of trying to cover up for Carly's losses in revenue is making everyone here dizzy.
Kudos to Carly? Gag, vomit.