Does anyone out there know how employees feel about the proposed merger?
I have heard that the large layoff which took place before the announcement of the merger
was an indiscriminate layoff -- meaning there was no rhyme or reason for those laid off -- it was "by the numbers".
If this is true, wouldn't that mean the morale would be very low, very paranoid, about layoffs which are indiscriminate.
I think the spinoff of the combined computer divisions would make sense. To spin off the printer division with it would not make sense as the printer division is very profitable.
yes understand your sentiments fully.
looks like the only way the situation will improve is for the BoD to get rid of the shit that they staffed.
but this wont happen so the shareholders need to vote the BoD out before anything will happen.
You are dead on about employee sentiment. Carly has lost the respect of too many employees. She can't fire them all. No one believes in her vision any more. It's not about the merger anymore. Most just want to see her go.
You are correct and I can assure you that most at HP are not buying Carly's spin.
I haven't witnessed this much disdain for a CEO ever.
The budget for Carly's travel and spin budget hasn't been trimmed. When I need something for work, I have to buy it with my own nickle and I am not reimbursed. Moral has never been lower.
The day Carly is shown the door will be the turning point for Hewlett Packard and employees will stand up and cheer.
I have been with HP for 14 years. I have never seen anything like the morale at present. Anyone I have talked to is in the dumps and completely in fear of getting thrown out the door no matter one's performance. In past slow econmic times we banded together to pull through. Now I wouldn't do a damn thing to help the spin queen and crew. I deal with customers all day long. They tell me HP is a laughing stock. Sure makes me proud. How about something novel like inventing new products instead of slogans and lies. And leading the industry instead of following. I know, bad idea, the queen can't live without her mug on magazine covers. Can the clown at the top and let us get back to leading the way again.
Long time reader - first time poster
Hohum et al, how true you are about CEO and upper management dishonesty. In my history, I've seen some "so-so" managers at HP but not until the reign of CF have I seen willful lying. Take the "there is no plan B" claim. Made in Corvalis and in Cupertino, it's mentioned there is one. The whole "the HP employees are in favor of the merger" claim. What a hoot! Bowick even reiterated this claim recently. The polls on the internal sites note to the contrary. The way the game is played is that a survey is handed out after a CF rah rah speech. If anyone says they "feel better" after hearing the speech, it's counted as "the employee is in favor of the merger". Now we're seeing CF continue to malign Walter Hewlett which I consider dispicable. The Hewlett's and the Packards are HP's only hope at this time. I look forward to one of them soliciting employee's support against the merger. I'd donate to the cause to a rebuttal of CF's lies and spinning as we saw in the most recent ad published assuming "there are only two ways" (do what I want or stand still). There are MORE THAN TWO WAYS to solve this current situation. How about designing products? Newly invented products dammit! How I wish the effort placed on the merger were directed toward new product development. HP would be in much better shape. I fear that CF will destroy HP just to get her way. She's spending millions on a PR campaign to sway sentiment. Yet we're still hurting financially. I wouldn't be suprised if she placed HP in a position where it would melt down if the merger doesn't go through. This person is just plain self serving and frankly, evil. Hopefully, time will take care of her and the sooner the better.
I find it interesting that good old Ken Lay -you'll recall - of Enron fame- yea he is the one - was on HWP Board - of course he resigned, prior to Enron going down the tubes.
Hey who is HWP's auditor? Could it be -well could it be "Anderson"???? They doing the same to HWP that they did for Enron? Wonderful people, yea, that's the ticket, Hey CF get to do a job for you?
Understand this, at present I do not own a single share of either CPQ or HWP. I am tracking this to see if there is perhaps some hidden value in this merger which I can not see. So far the only thing that I have come up with is that if this goes through, HP would be the computer giant of the retail store distribution network. However, as others have pointed out, that advantage could be short lived because retailers might quickly open their doors to companies like Acer etc.
So, I am left with Carley's primary argument for the merger which was a reduction in the costs associated with manufacturing, marketing and supporting computer products. Carley has never argued that this merger would increase sales.
The problem that I have with accepting Carley's rationale for this merger is that I believe that CPQ's future business (once the CPQ name is gone and the products are no longer sitting on the shelves in stores or being sold to corporations by what was CPQs direct sales force), would not go 100% to HP. In fact, I see no reason to think that the $40 Billion which was formerly CPQ's business wouldn't ultimately be equally distributed amongst HP and its competitors.
Although I'm sure that there would be some cost savings associated with this merger, I suspect that those savings would be accompanied by a very large - $20 Billion or so - loss in future revenue. In other words, in time, 2 - 3 years, the portion of the $40 Billion of CPQ sales that HP bought today would melt away to $20 Billion or so with the other $20 Billion migrating to the likes of IBM and Dell. I would love to think that this merger makes sense, but I have thus far seen no reasons presented which would pursuade me to believe that it does.
Any responses to my post would be greatly appreciated. In fact, I think everyone here would benefit if we were to have a lot of dialoque about this because this is the issue which determines the future worth of HP stock. If you think you know why this merger is good for HP or CPQ, please jump in!