Besides saying how bad HPQ is, does anyone have an opinion on financial part of the company.
I do understand that they are having problems - selling colored water is not one of them of course - and it all started with exit from table business. But the way the stock price is acting you would think that HP is going under.
Please those who are tempted to say, "yes it is going out of business", please grow up.
I have seen larger companies implode but only during market crashes. Not in "peace time".
I'll add a little here... Bottom line, the company is profitable and is making money... Perhaps not as much as the market would like to see. Prior writers are wrong, HP hires a good mix of *very* experienced folks, as well as college grads. Whoever thinks otherwise is well... misinformed. IMHO, the reason or part of the reason the companies stock is suffering, is from past, less than stellar decisions. And most (if not all) of that was caused by PRIOR CEOs. Give Meg a chance, she's already reducing the workforce by almost 10%. HP will take a charge for that, will make current financials negative. But long term, it's the right direction...
It may be easy for you to be so unrealistically optimistic and patient if perhaps you did not own any stock. But if you did have a considerable number of shares, then could you be saying the same thing or change your tune? How low would you think the stock would slide in spite of Meg steering it in the "right direction"? Meg herself has said that it may take 4-5 years at least and that is an eternity in the modern breakneck speed of technology. It may suit well for those who have a life-time of low-pressure cushy jobs, but would markets tolerate such a snail's pace for reform? Isn't that one way for Meg to buy a 5-year job while she is scouting other opportunities like in Romney's administration? Markets will eventually (i.e., in a year or two) force the board to fire Meg and bring someone else. Meanwhile get ready for HP to hit $12 within next one year!